Firethorn Wealth Partners LLC Invests $204,000 in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Firethorn Wealth Partners LLC acquired a new stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 595 shares of the company’s stock, valued at approximately $204,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Empirical Asset Management LLC acquired a new position in shares of CrowdStrike during the fourth quarter worth approximately $11,310,000. Beacon Financial Advisory LLC bought a new stake in shares of CrowdStrike during the third quarter valued at about $955,000. Sumitomo Mitsui Trust Group Inc. lifted its holdings in CrowdStrike by 10.2% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 846,189 shares of the company’s stock worth $237,331,000 after purchasing an additional 78,305 shares during the period. Doliver Advisors LP grew its position in CrowdStrike by 223.2% in the 3rd quarter. Doliver Advisors LP now owns 6,754 shares of the company’s stock valued at $1,894,000 after buying an additional 4,664 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale raised its position in shares of CrowdStrike by 0.7% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 439,865 shares of the company’s stock worth $124,644,000 after buying an additional 2,863 shares in the last quarter. 71.16% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at CrowdStrike

In related news, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $345.65, for a total transaction of $2,160,312.50. Following the completion of the transaction, the director now directly owns 811,842 shares of the company’s stock, valued at approximately $280,613,187.30. This represents a 0.76 % 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, insider Shawn Henry sold 4,500 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $368.14, for a total value of $1,656,630.00. Following the completion of the sale, the insider now directly owns 115,798 shares of the company’s stock, valued at approximately $42,629,875.72. The trade was a 3.74 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 110,351 shares of company stock valued at $38,935,113. Company insiders own 4.34% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CRWD. Evercore ISI lifted their price target on CrowdStrike from $325.00 to $400.00 and gave the company an “outperform” rating in a research report on Monday, November 25th. CICC Research began coverage on CrowdStrike in a report on Monday, November 18th. They set a “market perform” rating and a $295.00 target price on the stock. Barclays upped their price target on shares of CrowdStrike from $295.00 to $372.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Rosenblatt Securities boosted their target price on shares of CrowdStrike from $325.00 to $385.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Finally, Jefferies Financial Group increased their target price on shares of CrowdStrike from $415.00 to $450.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $369.00.

CrowdStrike Stock Performance

NASDAQ:CRWD opened at $374.92 on Friday. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $92.35 billion, a P/E ratio of 735.15, a price-to-earnings-growth ratio of 20.07 and a beta of 1.14. The firm has a 50 day moving average of $358.65 and a 200-day moving average of $312.32. 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.