Octavia Wealth Advisors LLC Decreases Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Octavia Wealth Advisors LLC lowered its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 11.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,039 shares of the company’s stock after selling 251 shares during the quarter. Octavia Wealth Advisors LLC’s holdings in CrowdStrike were worth $698,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Abich Financial Wealth Management LLC purchased a new position in shares of CrowdStrike in the second quarter worth $25,000. Fortitude Family Office LLC increased its position in CrowdStrike by 112.8% during the fourth 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 last quarter. Strategic Investment Solutions Inc. IL purchased a new stake in CrowdStrike during the second quarter valued at $38,000. Oakworth Capital Inc. purchased a new stake in CrowdStrike during the third quarter valued at $28,000. Finally, Tsfg LLC increased its position in CrowdStrike by 593.3% during the third quarter. Tsfg LLC now owns 104 shares of the company’s stock valued at $29,000 after acquiring an additional 89 shares during the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on CRWD shares. Hsbc Global Res cut CrowdStrike from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 27th. The Goldman Sachs Group upped their price objective on CrowdStrike from $372.00 to $415.00 and gave the company a “buy” rating in a research report on Tuesday, December 24th. JMP Securities reiterated a “market outperform” rating and set a $400.00 price objective on shares of CrowdStrike in a research report on Monday, November 4th. Robert W. Baird upped their price target on CrowdStrike from $375.00 to $390.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Finally, BNP Paribas assumed coverage on CrowdStrike in a research report on Tuesday, October 8th. They set a “neutral” rating and a $285.00 price objective on the stock. One analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $369.00.

Insider Transactions at CrowdStrike

In other CrowdStrike news, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $345.65, for a total transaction of $2,160,312.50. Following the transaction, the director now directly owns 811,842 shares in the company, valued at $280,613,187.30. This represents a 0.76 % 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, insider Shawn Henry sold 4,000 shares of the stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $354.91, for a total transaction of $1,419,640.00. Following the transaction, the insider now owns 98,214 shares in the company, valued at approximately $34,857,130.74. The trade was a 3.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 110,351 shares of company stock worth $38,935,113. Insiders own 4.34% of the company’s stock.

CrowdStrike Trading Up 2.6 %

Shares of CRWD opened at $366.41 on Wednesday. The company’s fifty day simple moving average is $356.16 and its 200-day simple moving average is $311.67. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. The company has a market cap of $90.25 billion, a P/E ratio of 718.47, a P/E/G ratio of 18.99 and a beta of 1.14. CrowdStrike Holdings, Inc. has a twelve month low of $200.81 and a twelve month high of $398.33.

About CrowdStrike

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.