TBH Global Asset Management LLC Increases Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

TBH Global Asset Management LLC grew its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 5.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,407 shares of the company’s stock after purchasing an additional 67 shares during the quarter. TBH Global Asset Management LLC’s holdings in CrowdStrike were worth $481,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in CRWD. Berbice Capital Management LLC purchased a new position in CrowdStrike during the 4th quarter worth approximately $27,000. Oakworth Capital Inc. purchased a new position in shares of CrowdStrike during the third quarter worth approximately $28,000. Fortitude Family Office LLC increased its holdings in shares of CrowdStrike by 112.8% in the 4th 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. Castleview Partners LLC purchased a new stake in CrowdStrike in the 3rd quarter valued at $32,000. Finally, Luken Investment Analytics LLC acquired a new stake in CrowdStrike during the 4th quarter worth $34,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

CrowdStrike Trading Down 1.1 %

CrowdStrike stock opened at $450.14 on Thursday. The stock has a 50-day moving average price of $382.58 and a 200 day moving average price of $327.63. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week high of $455.59. The stock has a market cap of $110.87 billion, a PE ratio of 882.64, a P/E/G ratio of 18.50 and a beta of 1.16. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24.

Insiders Place Their Bets

In related news, insider Shawn Henry sold 4,500 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $368.14, for a total transaction of $1,656,630.00. Following the transaction, the insider now owns 115,798 shares of the company’s stock, valued at approximately $42,629,875.72. This represents a 3.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Anurag Saha sold 1,863 shares of CrowdStrike stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $358.46, for a total transaction of $667,810.98. Following the completion of the sale, the chief accounting officer now directly owns 41,059 shares of the company’s stock, valued at $14,718,009.14. The trade was a 4.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 136,565 shares of company stock valued at $51,038,529 in the last ninety days. Insiders own 4.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on CRWD shares. Morgan Stanley lifted their price objective on shares of CrowdStrike from $390.00 to $429.00 and gave the company an “overweight” rating in a research note on Wednesday. Robert W. Baird reaffirmed a “neutral” rating and set a $430.00 price objective (up from $390.00) on shares of CrowdStrike in a research note on Monday, February 3rd. HSBC downgraded CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 target price on the stock. in a research note on Wednesday, November 27th. Barclays upped their price target on CrowdStrike from $295.00 to $372.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Finally, Hsbc Global Res lowered shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, CrowdStrike currently has an average rating of “Moderate Buy” and a consensus price target of $379.73.

CrowdStrike Company 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.