M3 Advisory Group LLC Raises Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

M3 Advisory Group LLC increased its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 2.8% during the 4th quarter, HoldingsChannel reports. The fund owned 1,188 shares of the company’s stock after buying an additional 32 shares during the period. M3 Advisory Group LLC’s holdings in CrowdStrike were worth $407,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in CRWD. Empirical Asset Management LLC bought a new position in CrowdStrike during the 4th quarter valued at approximately $11,310,000. Beacon Financial Advisory LLC purchased a new stake in shares of CrowdStrike in the third quarter worth $955,000. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of CrowdStrike by 10.2% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 846,189 shares of the company’s stock valued at $237,331,000 after acquiring an additional 78,305 shares in the last quarter. Doliver Advisors LP raised its position in shares of CrowdStrike by 223.2% in the 3rd quarter. Doliver Advisors LP now owns 6,754 shares of the company’s stock worth $1,894,000 after purchasing an additional 4,664 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its stake in CrowdStrike by 0.7% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 439,865 shares of the company’s stock worth $124,644,000 after purchasing an additional 2,863 shares in the last quarter. Institutional investors own 71.16% of the company’s stock.

CrowdStrike Stock Down 0.7 %

CRWD opened at $374.92 on Friday. 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 Holdings, Inc. has a 52 week low of $200.81 and a 52 week high of $398.33. The firm has a 50-day simple moving average of $358.65 and a two-hundred day simple moving average of $312.32. The company has a market capitalization of $92.35 billion, a PE ratio of 735.15, a price-to-earnings-growth ratio of 20.07 and a beta of 1.14.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CRWD. BMO Capital Markets raised their price objective on shares of CrowdStrike from $315.00 to $380.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Jefferies Financial Group boosted their price objective on shares of CrowdStrike from $415.00 to $450.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Evercore ISI increased their target price on CrowdStrike from $325.00 to $400.00 and gave the company an “outperform” rating in a research note on Monday, November 25th. Citigroup boosted their price target on CrowdStrike from $400.00 to $420.00 and gave the stock a “buy” rating in a research note on Friday, January 17th. Finally, Hsbc Global Res cut CrowdStrike from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 27th. One research 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 stock. According to data from MarketBeat.com, CrowdStrike currently has an average rating of “Moderate Buy” and a consensus price target of $369.00.

Insider Activity

In other news, insider Shawn Henry sold 4,500 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $368.14, for a total transaction of $1,656,630.00. Following the sale, the insider now directly owns 115,798 shares in the company, valued at approximately $42,629,875.72. This represents a 3.74 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike 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 transaction, the director now owns 811,842 shares of the company’s stock, valued at approximately $280,613,187.30. This represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 110,351 shares of company stock worth $38,935,113. 4.34% of the stock is currently owned by insiders.

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.