Apollon Wealth Management LLC Raises Stock Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Apollon Wealth Management LLC grew its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 18.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,901 shares of the company’s stock after buying an additional 1,840 shares during the period. Apollon Wealth Management LLC’s holdings in CrowdStrike were worth $4,072,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. San Luis Wealth Advisors LLC bought a new stake in shares of CrowdStrike during the 3rd quarter valued at $201,000. Independence Bank of Kentucky raised its holdings in CrowdStrike by 20.4% during the third quarter. Independence Bank of Kentucky now owns 2,779 shares of the company’s stock valued at $779,000 after acquiring an additional 470 shares during the period. Livforsakringsbolaget Skandia Omsesidigt lifted its position in shares of CrowdStrike by 423.3% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,978 shares of the company’s stock valued at $555,000 after acquiring an additional 1,600 shares in the last quarter. Valeo Financial Advisors LLC boosted its stake in shares of CrowdStrike by 328.9% in the third quarter. Valeo Financial Advisors LLC now owns 12,990 shares of the company’s stock worth $3,643,000 after acquiring an additional 9,961 shares during the period. Finally, Octavia Wealth Advisors LLC grew its position in shares of CrowdStrike by 15.1% during the third quarter. Octavia Wealth Advisors LLC now owns 2,290 shares of the company’s stock worth $642,000 after purchasing an additional 301 shares in the last quarter. 71.16% of the stock is currently owned by institutional investors.

CrowdStrike Trading Up 0.3 %

NASDAQ CRWD opened at $421.59 on Friday. CrowdStrike Holdings, Inc. has a one year low of $200.81 and a one year high of $431.33. 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 $103.84 billion, a price-to-earnings ratio of 826.66, a price-to-earnings-growth ratio of 17.22 and a beta of 1.16. The company’s 50-day simple moving average is $368.52 and its two-hundred day simple moving average is $315.96.

Insider Activity

In other CrowdStrike news, President Michael Sentonas sold 10,801 shares of the stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $358.47, for a total transaction of $3,871,834.47. Following the sale, the president now owns 389,589 shares of the company’s stock, valued at approximately $139,655,968.83. This trade represents a 2.70 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $340.44, for a total value of $1,361,760.00. Following the completion of the transaction, the insider now directly owns 120,298 shares of the company’s stock, valued at approximately $40,954,251.12. The trade was a 3.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 111,565 shares of company stock worth $39,898,614. Corporate insiders own 4.34% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Piper Sandler upped their price target on CrowdStrike from $290.00 to $375.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. BMO Capital Markets raised their target price on shares of CrowdStrike from $315.00 to $380.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. CICC Research assumed coverage on shares of CrowdStrike in a research note on Monday, November 18th. They issued a “market perform” rating and a $295.00 price target on the stock. Morgan Stanley raised their price objective on CrowdStrike from $325.00 to $355.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Finally, Baird R W downgraded CrowdStrike from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $370.00.

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.