Ritholtz Wealth Management Acquires 879 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Ritholtz Wealth Management raised its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 39.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,088 shares of the company’s stock after purchasing an additional 879 shares during the quarter. Ritholtz Wealth Management’s holdings in CrowdStrike were worth $1,057,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Abich Financial Wealth Management LLC purchased a new position in CrowdStrike during the second quarter valued at $25,000. Oakworth Capital Inc. bought a new position in CrowdStrike in the 3rd quarter worth about $28,000. Fortitude Family Office LLC grew its holdings in shares of 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 buying an additional 44 shares during the last quarter. Tsfg LLC increased its position in shares of 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 in the last quarter. Finally, Castleview Partners LLC bought a new position in CrowdStrike in the 3rd quarter valued at approximately $32,000. 71.16% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Shawn Henry sold 4,000 shares of the stock in a transaction on 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 of the company’s stock, valued at approximately $34,857,130.74. This represents a 3.91 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Sameer K. Gandhi sold 5,036 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $320.48, for a total transaction of $1,613,937.28. Following the completion of the sale, the director now directly owns 816,730 shares of the company’s stock, valued at approximately $261,745,630.40. This trade represents a 0.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 110,351 shares of company stock valued at $38,935,113 in the last 90 days. Company insiders own 4.34% of the company’s stock.

Analyst Ratings Changes

CRWD has been the topic of several research analyst reports. Wedbush set a $330.00 target price on shares of CrowdStrike in a research note on Thursday, October 17th. Westpark Capital reiterated a “hold” rating on shares of CrowdStrike in a research note on Monday, November 25th. Wells Fargo & Company boosted their price objective on shares of CrowdStrike from $350.00 to $400.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. JPMorgan Chase & Co. raised their price objective on CrowdStrike from $372.00 to $418.00 and gave the stock an “overweight” rating in a research note on Monday, December 16th. Finally, Jefferies Financial Group increased their target price on shares of CrowdStrike from $415.00 to $450.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $366.38.

CrowdStrike Stock Performance

Shares of CrowdStrike stock opened at $357.00 on Monday. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week high of $398.33. The company has a market capitalization of $87.93 billion, a PE ratio of 700.01, a price-to-earnings-growth ratio of 18.55 and a beta of 1.14. The stock’s fifty day moving average is $355.86 and its two-hundred day moving average is $312.41. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24.

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.