Reliant Investment Management LLC Purchases 265 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Reliant Investment Management LLC raised its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 1.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 18,443 shares of the company’s stock after acquiring an additional 265 shares during the quarter. CrowdStrike comprises 2.8% of Reliant Investment Management LLC’s holdings, making the stock its 12th biggest holding. Reliant Investment Management LLC’s holdings in CrowdStrike were worth $6,310,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Pure Financial Advisors LLC bought a new position in shares of CrowdStrike in the fourth quarter worth $229,000. Regent Peak Wealth Advisors LLC bought a new position in shares of CrowdStrike in the fourth quarter worth $212,000. Harbor Investment Advisory LLC boosted its holdings in shares of CrowdStrike by 7.1% in the fourth quarter. Harbor Investment Advisory LLC now owns 10,540 shares of the company’s stock worth $3,606,000 after acquiring an additional 697 shares during the period. Lee Johnson Capital Management LLC boosted its holdings in shares of CrowdStrike by 2.7% in the fourth quarter. Lee Johnson Capital Management LLC now owns 13,801 shares of the company’s stock worth $4,722,000 after acquiring an additional 366 shares during the period. Finally, Trueblood Wealth Management LLC boosted its holdings in shares of CrowdStrike by 25.9% in the fourth quarter. Trueblood Wealth Management LLC now owns 983 shares of the company’s stock worth $336,000 after acquiring an additional 202 shares during the period. 71.16% of the stock is owned by institutional investors.

CrowdStrike Stock Performance

CrowdStrike stock opened at $357.00 on Tuesday. The stock’s 50 day simple moving average is $355.86 and its two-hundred day simple moving average is $311.89. 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 stock has a market cap of $87.93 billion, a price-to-earnings ratio of 700.01, a PEG ratio of 18.55 and a beta of 1.14. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $398.33.

Insider Buying and Selling at CrowdStrike

In other news, CAO Anurag Saha sold 1,863 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $358.46, for a total value of $667,810.98. Following 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 position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Gerhard Watzinger sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $348.93, for a total value of $10,467,900.00. Following the completion of the sale, the director now directly owns 42,391 shares in the company, valued at approximately $14,791,491.63. This represents a 41.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 110,351 shares of company stock valued at $38,935,113. 4.34% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Wells Fargo & Company lifted their price objective on CrowdStrike from $350.00 to $400.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. HSBC lowered CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 price objective for the company. in a research note on Wednesday, November 27th. KeyCorp lifted their price objective on CrowdStrike from $345.00 to $395.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. Citigroup lifted their price objective on CrowdStrike from $400.00 to $420.00 and gave the company a “buy” rating in a research note on Friday. Finally, Royal Bank of Canada lifted their price objective on CrowdStrike from $365.00 to $420.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $366.38.

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.