City Holding Co. Invests $1.45 Million in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

City Holding Co. purchased a new position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the fourth quarter, HoldingsChannel reports. The fund purchased 4,250 shares of the company’s stock, valued at approximately $1,454,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA increased its position in shares of CrowdStrike by 18.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 4,532 shares of the company’s stock valued at $1,737,000 after acquiring an additional 691 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in CrowdStrike by 54.6% during the second quarter. Dimensional Fund Advisors LP now owns 286,183 shares of the company’s stock valued at $109,670,000 after purchasing an additional 101,079 shares in the last quarter. Bridges Investment Management Inc. purchased a new position in shares of CrowdStrike during the 2nd quarter valued at about $285,000. AE Wealth Management LLC boosted its position in shares of CrowdStrike by 88.5% in the second quarter. AE Wealth Management LLC now owns 6,951 shares of the company’s stock worth $2,664,000 after purchasing an additional 3,263 shares during the period. Finally, Pacer Advisors Inc. boosted its holdings in CrowdStrike by 32.0% in the 2nd quarter. Pacer Advisors Inc. now owns 37,916 shares of the company’s stock worth $14,529,000 after buying an additional 9,198 shares during the period. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Insider Activity

In related news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction that occurred on Friday, November 15th. The shares were 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 owns 120,298 shares in the company, valued at approximately $40,954,251.12. The trade was a 3.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Sameer K. Gandhi sold 5,036 shares of the business’s stock in a transaction on 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 transaction, the director now 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 110,351 shares of company stock valued at $38,935,113 in the last quarter. Insiders own 4.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on CRWD shares. BMO Capital Markets lifted their price target on shares of CrowdStrike from $315.00 to $380.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. Oppenheimer increased their price target on CrowdStrike from $365.00 to $410.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Wells Fargo & Company upped their target price on shares of CrowdStrike from $350.00 to $400.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. Evercore ISI upped their price objective on shares of CrowdStrike from $325.00 to $400.00 and gave the stock an “outperform” rating in a research note on Monday, November 25th. Finally, Westpark Capital reiterated a “hold” rating on shares of CrowdStrike in a report on Monday, November 25th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $366.38.

CrowdStrike Stock Performance

CrowdStrike stock opened at $357.00 on Monday. The stock has a market cap of $87.93 billion, a price-to-earnings ratio of 700.01, a price-to-earnings-growth ratio of 18.55 and a beta of 1.14. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. The firm has a 50 day simple moving average of $355.86 and a 200-day simple moving average of $312.41. CrowdStrike Holdings, Inc. has a 1-year low of $200.81 and a 1-year high of $398.33.

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.