Sound View Wealth Advisors Group LLC Acquires 91 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Sound View Wealth Advisors Group LLC lifted its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 5.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,662 shares of the company’s stock after buying an additional 91 shares during the period. Sound View Wealth Advisors Group LLC’s holdings in CrowdStrike were worth $569,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Roberts Glore & Co. Inc. IL bought a new stake in CrowdStrike during the 4th quarter worth approximately $240,000. OFI Invest Asset Management bought a new stake in shares of CrowdStrike in the fourth quarter worth $662,000. Amundi raised its position in CrowdStrike by 41.9% during the 4th quarter. Amundi now owns 1,382,952 shares of the company’s stock worth $496,093,000 after purchasing an additional 408,190 shares during the last quarter. Dorsey & Whitney Trust CO LLC lifted its holdings in CrowdStrike by 1.4% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 1,974 shares of the company’s stock worth $675,000 after buying an additional 27 shares during the period. Finally, Naviter Wealth LLC increased its stake in shares of CrowdStrike by 145.0% in the fourth quarter. Naviter Wealth LLC now owns 2,707 shares of the company’s stock valued at $926,000 after buying an additional 1,602 shares during the period. 71.16% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Robert W. Baird reduced their target price on CrowdStrike from $440.00 to $405.00 and set a “neutral” rating on the stock in a report on Wednesday, March 5th. DA Davidson increased their price objective on shares of CrowdStrike from $395.00 to $415.00 and gave the stock a “buy” rating in a research report on Wednesday, March 5th. Jefferies Financial Group dropped their target price on shares of CrowdStrike from $450.00 to $425.00 and set a “buy” rating on the stock in a report on Wednesday, March 5th. Baird R W downgraded CrowdStrike from a “strong-buy” rating to a “hold” rating in a report on Monday, February 3rd. Finally, Westpark Capital reissued a “hold” rating on shares of CrowdStrike in a research note on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $400.10.

CrowdStrike Price Performance

Shares of NASDAQ:CRWD opened at $333.50 on Monday. 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 company has a market capitalization of $82.14 billion, a P/E ratio of 653.93, a price-to-earnings-growth ratio of 17.86 and a beta of 1.19. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $455.59. The company’s 50-day moving average is $387.07 and its 200 day moving average is $339.51.

Insider Transactions at CrowdStrike

In other CrowdStrike news, 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 transaction of $667,810.98. Following the completion of the transaction, the chief accounting officer now owns 41,059 shares in the company, valued at $14,718,009.14. This trade represents a 4.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Burt W. Podbere sold 11,217 shares of the business’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $358.14, for a total transaction of $4,017,256.38. Following the sale, the chief financial officer now directly owns 290,711 shares in the company, valued at $104,115,237.54. The trade was a 3.72 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 100,315 shares of company stock worth $38,387,254 in the last quarter. Insiders own 4.34% of the company’s stock.

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.