Global Wealth Management Investment Advisory Inc. Invests $2.53 Million in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Global Wealth Management Investment Advisory Inc. acquired a new stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,400 shares of the company’s stock, valued at approximately $2,532,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Berbice Capital Management LLC purchased a new position in shares of CrowdStrike in the 4th quarter worth $27,000. Oakworth Capital Inc. bought a new position in CrowdStrike in the third quarter valued at about $28,000. Fortitude Family Office LLC boosted its position in CrowdStrike by 112.8% in the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock worth $28,000 after purchasing an additional 44 shares during the last quarter. Tsfg LLC grew its stake in shares of CrowdStrike by 593.3% during the 3rd quarter. Tsfg LLC now owns 104 shares of the company’s stock valued at $29,000 after purchasing an additional 89 shares during the period. Finally, Castleview Partners LLC bought a new position in shares of CrowdStrike in the 3rd quarter worth approximately $32,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

CrowdStrike Trading Up 0.3 %

Shares of NASDAQ CRWD opened at $421.59 on Monday. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week 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 cap of $103.84 billion, a price-to-earnings ratio of 826.66, a PEG ratio of 17.22 and a beta of 1.16. The business’s 50 day moving average price is $368.52 and its 200-day moving average price is $316.29.

Analysts Set New Price Targets

Several analysts recently issued reports on CRWD shares. The Goldman Sachs Group boosted their target price on shares of CrowdStrike from $372.00 to $415.00 and gave the company a “buy” rating in a research report on Tuesday, December 24th. Cantor Fitzgerald upped their price objective on CrowdStrike from $350.00 to $370.00 and gave the stock an “overweight” rating in a research note on Thursday, November 21st. CICC Research started coverage on CrowdStrike in a research report on Monday, November 18th. They set a “market perform” rating and a $295.00 target price on the stock. KeyCorp upped their price target on CrowdStrike from $345.00 to $395.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Finally, Citigroup lifted their price objective on CrowdStrike from $400.00 to $420.00 and gave the company a “buy” rating in a research report on Friday, January 17th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $370.00.

Insiders Place Their Bets

In other news, President Michael Sentonas sold 10,801 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $358.47, for a total transaction of $3,871,834.47. Following the transaction, the president now directly 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Sameer K. Gandhi sold 6,250 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $412.39, for a total value of $2,577,437.50. Following the completion of the sale, the director now owns 805,592 shares of the company’s stock, valued at $332,218,084.88. The trade was a 0.77 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 111,565 shares of company stock worth $39,898,614 over the last quarter. 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.