Proficio Capital Partners LLC Purchases Shares of 742 CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Proficio Capital Partners LLC acquired a new position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 742 shares of the company’s stock, valued at approximately $254,000.

Other hedge funds have also modified their holdings of the company. Fisher Asset Management LLC raised its holdings in shares of CrowdStrike by 17.9% in the third quarter. Fisher Asset Management LLC now owns 2,230 shares of the company’s stock worth $626,000 after acquiring an additional 339 shares during the last quarter. Brown Brothers Harriman & Co. raised its stake in CrowdStrike by 101.6% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 254 shares of the company’s stock valued at $71,000 after purchasing an additional 128 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in CrowdStrike by 19.3% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 159,034 shares of the company’s stock valued at $44,604,000 after purchasing an additional 25,774 shares in the last quarter. D.A. Davidson & CO. boosted its stake in shares of CrowdStrike by 44.3% during the 3rd quarter. D.A. Davidson & CO. now owns 36,858 shares of the company’s stock worth $10,338,000 after purchasing an additional 11,310 shares during the last quarter. Finally, Brooklyn Investment Group grew its holdings in shares of CrowdStrike by 13.1% during the third quarter. Brooklyn Investment Group now owns 1,549 shares of the company’s stock worth $434,000 after buying an additional 179 shares in the last quarter. 71.16% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at CrowdStrike

In related news, Director Sameer K. Gandhi sold 6,250 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $345.65, for a total value of $2,160,312.50. Following the completion of the sale, the director now directly owns 811,842 shares of the company’s stock, valued at $280,613,187.30. The trade was a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $354.91, for a total value of $1,419,640.00. Following the sale, the insider now owns 98,214 shares in the company, valued at $34,857,130.74. The trade was a 3.91 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 110,801 shares of company stock valued at $42,092,255 over the last ninety days. Corporate insiders own 4.34% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on CRWD shares. Rosenblatt Securities restated a “buy” rating and set a $450.00 target price on shares of CrowdStrike in a research report on Wednesday, March 5th. BMO Capital Markets raised their price objective on CrowdStrike from $380.00 to $405.00 and gave the stock an “outperform” rating in a report on Wednesday, March 5th. Piper Sandler set a $347.00 target price on CrowdStrike in a research note on Wednesday, March 5th. Scotiabank reissued a “sector perform” rating on shares of CrowdStrike in a research note on Wednesday, February 5th. Finally, Hsbc Global Res cut CrowdStrike from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 27th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, CrowdStrike has a consensus rating of “Moderate Buy” and a consensus price target of $400.26.

CrowdStrike Stock Performance

Shares of CRWD opened at $371.41 on Thursday. The firm has a market cap of $92.06 billion, a price-to-earnings ratio of 728.27, a PEG ratio of 17.86 and a beta of 1.19. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. The business’s 50 day moving average is $388.08 and its two-hundred day moving average is $347.22. CrowdStrike Holdings, Inc. has a 52-week low of $200.81 and a 52-week high of $455.59.

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.