Advisory Resource Group Has $1.10 Million Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Advisory Resource Group lowered its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 19.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,228 shares of the company’s stock after selling 797 shares during the quarter. Advisory Resource Group’s holdings in CrowdStrike were worth $1,104,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB grew its position in CrowdStrike by 0.9% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 4,746 shares of the company’s stock worth $1,624,000 after buying an additional 43 shares in the last quarter. Kingsview Wealth Management LLC grew its position in CrowdStrike by 6.2% during the fourth quarter. Kingsview Wealth Management LLC now owns 8,650 shares of the company’s stock worth $2,960,000 after buying an additional 504 shares in the last quarter. Apollon Wealth Management LLC grew its position in CrowdStrike by 18.3% during the fourth quarter. Apollon Wealth Management LLC now owns 11,901 shares of the company’s stock worth $4,072,000 after buying an additional 1,840 shares in the last quarter. Mezzasalma Advisors LLC grew its position in CrowdStrike by 2.6% during the fourth quarter. Mezzasalma Advisors LLC now owns 7,296 shares of the company’s stock worth $2,496,000 after buying an additional 182 shares in the last quarter. Finally, Conning Inc. acquired a new stake in CrowdStrike during the fourth quarter worth approximately $333,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. The Goldman Sachs Group raised their target price on CrowdStrike from $372.00 to $415.00 and gave the company a “buy” rating in a report on Tuesday, December 24th. Wedbush set a $330.00 target price on CrowdStrike in a report on Thursday, October 17th. Robert W. Baird reaffirmed a “neutral” rating and issued a $430.00 target price (up previously from $390.00) on shares of CrowdStrike in a report on Monday, February 3rd. Hsbc Global Res downgraded CrowdStrike from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 27th. Finally, Bank of America raised their target price on CrowdStrike from $365.00 to $400.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have given a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $370.00.

CrowdStrike Stock Performance

Shares of CRWD opened at $421.59 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. The stock has a 50-day moving average of $368.52 and a 200-day moving average of $315.96. The company has a market cap of $103.84 billion, a PE ratio of 826.66, a P/E/G ratio of 17.22 and a beta of 1.16. CrowdStrike Holdings, Inc. has a one year low of $200.81 and a one year high of $431.33.

Insider Activity

In other news, Director Gerhard Watzinger sold 30,000 shares of the firm’s stock in a transaction dated 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 $14,791,491.63. This trade represents a 41.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $340.44, for a total value of $1,361,760.00. Following the transaction, the insider now owns 120,298 shares of the company’s stock, valued at $40,954,251.12. This trade represents a 3.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 111,565 shares of company stock worth $39,898,614 in the last three months. 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.