CCM Investment Advisers LLC Increases Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

CCM Investment Advisers LLC raised its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 31.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 34,043 shares of the company’s stock after purchasing an additional 8,160 shares during the period. CCM Investment Advisers LLC’s holdings in CrowdStrike were worth $11,648,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the company. Abich Financial Wealth Management LLC acquired a new stake in shares of CrowdStrike in the 2nd quarter valued at about $25,000. Oakworth Capital Inc. acquired a new stake in shares of CrowdStrike in the third quarter valued at approximately $28,000. Fortitude Family Office LLC grew its position in shares of CrowdStrike by 112.8% during the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock worth $28,000 after acquiring an additional 44 shares during the last quarter. Tsfg LLC grew its position in shares of CrowdStrike by 593.3% during the third quarter. Tsfg LLC now owns 104 shares of the company’s stock worth $29,000 after acquiring an additional 89 shares during the last quarter. Finally, Castleview Partners LLC acquired a new position in shares of CrowdStrike in the 3rd quarter valued at $32,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

CrowdStrike Trading Down 4.0 %

CrowdStrike stock traded down $14.43 during trading on Friday, reaching $344.29. The company had a trading volume of 1,271,195 shares, compared to its average volume of 2,443,881. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. The firm has a market capitalization of $84.80 billion, a price-to-earnings ratio of 675.09, a PEG ratio of 19.48 and a beta of 1.14. CrowdStrike Holdings, Inc. has a 12-month low of $200.81 and a 12-month high of $398.33. The stock’s 50 day moving average price is $351.26 and its two-hundred day moving average price is $314.22.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Morgan Stanley raised their price objective on shares of CrowdStrike from $325.00 to $355.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Westpark Capital reissued a “hold” rating on shares of CrowdStrike in a report on Monday, November 25th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $330.00 price objective on shares of CrowdStrike in a research note on Monday, September 30th. Cantor Fitzgerald lifted their target price on CrowdStrike from $350.00 to $370.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. Finally, Wells Fargo & Company boosted their target price on CrowdStrike from $350.00 to $400.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, CrowdStrike currently has a consensus rating of “Moderate Buy” and a consensus price target of $365.88.

Insider Activity

In other CrowdStrike news, CFO Burt W. Podbere sold 11,217 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $358.14, for a total value of $4,017,256.38. Following the completion of the transaction, the chief financial officer now owns 290,711 shares in the company, valued at $104,115,237.54. This represents a 3.72 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Anurag Saha sold 1,863 shares of the stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $358.46, for a total value of $667,810.98. Following the completion of the transaction, the chief accounting officer now directly owns 41,059 shares of the company’s stock, valued at $14,718,009.14. This represents a 4.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 110,351 shares of company stock valued at $38,752,993 in the last ninety days. Company insiders own 4.34% of the company’s stock.

CrowdStrike Profile

CrowdStrike Holdings, Inc provides cybersecurity solutions in the United States and internationally. Its unified platform offers cloud-delivered protection of endpoints, cloud workloads, identity, and data. The company offers corporate endpoint and cloud workload security, managed security, security and vulnerability management, IT operations management, identity protection, SIEM and log management, threat intelligence, data protection, security orchestration, automation and response and AI powered workflow automation, and securing generative AI workload services.