Rockingstone Advisors LLC Boosts Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Rockingstone Advisors LLC raised its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 86.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 10,451 shares of the company’s stock after buying an additional 4,833 shares during the quarter. CrowdStrike comprises about 1.6% of Rockingstone Advisors LLC’s holdings, making the stock its 20th largest position. Rockingstone Advisors LLC’s holdings in CrowdStrike were worth $3,576,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in CRWD. Abich Financial Wealth Management LLC purchased a new stake in shares of CrowdStrike in the second quarter valued at approximately $25,000. Fortitude Family Office LLC lifted its holdings in CrowdStrike by 112.8% in the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock valued at $28,000 after acquiring an additional 44 shares during the period. Itau Unibanco Holding S.A. purchased a new stake in shares of CrowdStrike during the 2nd quarter worth $33,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of CrowdStrike during the 2nd quarter worth $38,000. Finally, Oakworth Capital Inc. purchased a new position in shares of CrowdStrike in the 3rd quarter valued at about $28,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Rosenblatt Securities upped their target price on shares of CrowdStrike from $325.00 to $385.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Piper Sandler upped their price target on CrowdStrike from $290.00 to $375.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. HSBC cut CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 price objective for the company. in a report on Wednesday, November 27th. Jefferies Financial Group boosted their target price on CrowdStrike from $415.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Finally, Morgan Stanley raised their price target on CrowdStrike from $325.00 to $355.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have given a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, CrowdStrike presently has an average rating of “Moderate Buy” and an average price target of $365.88.

Insider Activity at CrowdStrike

In other news, CEO George Kurtz sold 18,071 shares of CrowdStrike stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $359.70, for a total value of $6,500,138.70. Following the completion of the transaction, the chief executive officer now directly owns 2,159,935 shares of the company’s stock, valued at approximately $776,928,619.50. The trade was a 0.83 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Anurag Saha sold 1,863 shares of the stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $358.46, for a total transaction of $667,810.98. Following the sale, the chief accounting officer now owns 41,059 shares in the company, valued at approximately $14,718,009.14. This trade represents a 4.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 106,351 shares of company stock valued at $37,515,473 over the last three months. 4.34% of the stock is owned by insiders.

CrowdStrike Price Performance

CRWD opened at $362.02 on Thursday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. CrowdStrike Holdings, Inc. has a 1-year low of $200.81 and a 1-year high of $398.33. The company has a 50-day moving average of $353.83 and a 200-day moving average of $312.46. The company has a market capitalization of $89.17 billion, a P/E ratio of 709.86, a PEG ratio of 19.75 and a beta of 1.11.

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.