CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Acquired by Smith Anglin Financial LLC

Smith Anglin Financial LLC grew its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 5.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,184 shares of the company’s stock after purchasing an additional 117 shares during the quarter. Smith Anglin Financial LLC’s holdings in CrowdStrike were worth $770,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of CRWD. FSA Wealth Management LLC boosted its position in CrowdStrike by 11.2% during the fourth quarter. FSA Wealth Management LLC now owns 228 shares of the company’s stock worth $78,000 after acquiring an additional 23 shares during the last quarter. Jacobi Capital Management LLC boosted its position in CrowdStrike by 1.9% during the fourth quarter. Jacobi Capital Management LLC now owns 1,309 shares of the company’s stock worth $448,000 after acquiring an additional 25 shares during the last quarter. Dorsey & Whitney Trust CO LLC boosted its position in CrowdStrike by 1.4% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 1,974 shares of the company’s stock worth $675,000 after acquiring an additional 27 shares during the last quarter. Wintrust Investments LLC boosted its position in CrowdStrike by 4.2% during the fourth quarter. Wintrust Investments LLC now owns 719 shares of the company’s stock worth $246,000 after acquiring an additional 29 shares during the last quarter. Finally, Greenwich Wealth Management LLC boosted its position in CrowdStrike by 4.0% during the fourth quarter. Greenwich Wealth Management LLC now owns 776 shares of the company’s stock worth $265,000 after acquiring an additional 30 shares during the last quarter. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other CrowdStrike news, CAO Anurag Saha sold 1,496 shares of the firm’s stock in a transaction on Friday, March 21st. The shares were sold at an average price of $358.62, for a total transaction of $536,495.52. Following the completion of the transaction, the chief accounting officer now directly owns 36,165 shares of the company’s stock, valued at $12,969,492.30. This trade represents a 3.97% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO George Kurtz sold 22,449 shares of CrowdStrike stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $358.68, for a total transaction of $8,052,007.32. Following the completion of the transaction, the chief executive officer now directly owns 2,178,452 shares of the company’s stock, valued at $781,367,163.36. This trade represents a 1.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 195,431 shares of company stock valued at $79,162,548 in the last ninety days. Corporate insiders own 3.32% of the company’s stock.

CrowdStrike Stock Performance

CrowdStrike stock opened at $479.17 on Tuesday. CrowdStrike Holdings, Inc. has a 12-month low of $200.81 and a 12-month high of $479.97. The company has a market capitalization of $118.77 billion, a price-to-earnings ratio of 939.57, a price-to-earnings-growth ratio of 17.86 and a beta of 1.22. 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 firm’s fifty day moving average price is $406.34 and its 200 day moving average price is $385.17.

Analyst Upgrades and Downgrades

CRWD has been the topic of a number of analyst reports. Susquehanna raised their target price on shares of CrowdStrike from $400.00 to $425.00 and gave the stock a “positive” rating in a research report on Wednesday, March 5th. The Goldman Sachs Group restated a “buy” rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Mizuho lowered shares of CrowdStrike from an “outperform” rating to a “neutral” rating and set a $425.00 target price on the stock. in a research report on Thursday, May 15th. UBS Group lifted their price target on shares of CrowdStrike from $425.00 to $545.00 and gave the company a “buy” rating in a report on Thursday, May 29th. Finally, Scotiabank reiterated a “sector perform” rating on shares of CrowdStrike in a report on Wednesday, February 5th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $412.52.

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.