Motley Fool Wealth Management LLC Invests $12.61 Million in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Motley Fool Wealth Management LLC bought a new stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 44,959 shares of the company’s stock, valued at approximately $12,610,000.

Other hedge funds have also recently bought and sold shares of the company. Arlington Financial Advisors LLC lifted its stake in shares of CrowdStrike by 1.5% during the 2nd quarter. Arlington Financial Advisors LLC now owns 2,030 shares of the company’s stock worth $778,000 after purchasing an additional 30 shares during the period. Sunpointe LLC increased its stake in CrowdStrike by 3.1% in the third quarter. Sunpointe LLC now owns 1,131 shares of the company’s stock valued at $317,000 after purchasing an additional 34 shares during the last quarter. Hilltop Holdings Inc. lifted its position in CrowdStrike by 1.8% during the third quarter. Hilltop Holdings Inc. now owns 1,932 shares of the company’s stock worth $542,000 after buying an additional 34 shares during the period. Means Investment CO. Inc. boosted its stake in CrowdStrike by 1.8% in the 2nd quarter. Means Investment CO. Inc. now owns 1,933 shares of the company’s stock worth $741,000 after buying an additional 35 shares during the last quarter. Finally, Interchange Capital Partners LLC grew its holdings in CrowdStrike by 1.1% in the third quarter. Interchange Capital Partners LLC now owns 3,694 shares of the company’s stock valued at $1,036,000 after purchasing an additional 39 shares during the period. Institutional investors and hedge funds own 71.16% of the company’s stock.

CrowdStrike Stock Performance

Shares of CRWD opened at $349.95 on Wednesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.90 and a current ratio of 1.86. CrowdStrike Holdings, Inc. has a 1 year low of $200.81 and a 1 year high of $398.33. The firm has a fifty day moving average of $318.10 and a 200-day moving average of $312.95. The company has a market cap of $85.78 billion, a price-to-earnings ratio of 686.19, a price-to-earnings-growth ratio of 18.62 and a beta of 1.11.

Insider Buying and Selling

In other news, CAO Anurag Saha sold 1,683 shares of the stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $297.28, for a total transaction of $500,322.24. Following the completion of the sale, the chief accounting officer now owns 38,962 shares in the company, valued at approximately $11,582,623.36. This represents a 4.14 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO George Kurtz sold 55,325 shares of the business’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $296.62, for a total value of $16,410,501.50. Following the sale, the chief executive officer now directly owns 1,109,746 shares in the company, valued at $329,172,858.52. This trade represents a 4.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 138,248 shares of company stock valued at $42,933,010 over the last 90 days. 4.34% of the stock is currently owned by company insiders.

Analyst Ratings Changes

CRWD has been the subject of several research analyst reports. Royal Bank of Canada dropped their price target on CrowdStrike from $370.00 to $365.00 and set an “outperform” rating for the company in a research note on Wednesday, November 27th. The Goldman Sachs Group lowered their price target on CrowdStrike from $400.00 to $295.00 and set a “buy” rating for the company in a report on Thursday, August 15th. Canaccord Genuity Group restated a “buy” rating and set a $330.00 price objective on shares of CrowdStrike in a research note on Monday, September 30th. Susquehanna raised their target price on CrowdStrike from $310.00 to $400.00 and gave the company a “positive” rating in a report on Wednesday, November 27th. Finally, Evercore ISI boosted their price target on CrowdStrike from $325.00 to $400.00 and gave the stock an “outperform” rating in a research report on Monday, November 25th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $355.80.

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.