Sykon Capital LLC Acquires 124 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Sykon Capital LLC grew its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 3.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,007 shares of the company’s stock after acquiring an additional 124 shares during the period. Sykon Capital LLC’s holdings in CrowdStrike were worth $1,371,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Jacobi Capital Management LLC lifted its stake in shares of CrowdStrike by 1.9% in the fourth quarter. Jacobi Capital Management LLC now owns 1,309 shares of the company’s stock worth $448,000 after buying an additional 25 shares during the last quarter. Dorsey & Whitney Trust CO LLC raised its stake in CrowdStrike by 1.4% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 1,974 shares of the company’s stock valued at $675,000 after purchasing an additional 27 shares during the last quarter. Wintrust Investments LLC raised its stake in CrowdStrike by 4.2% during the 4th quarter. Wintrust Investments LLC now owns 719 shares of the company’s stock valued at $246,000 after purchasing an additional 29 shares during the last quarter. Synergy Financial Group LTD raised its stake in CrowdStrike by 0.8% during the 3rd quarter. Synergy Financial Group LTD now owns 3,950 shares of the company’s stock valued at $1,108,000 after purchasing an additional 30 shares during the last quarter. Finally, Greenwich Wealth Management LLC raised its stake in CrowdStrike by 4.0% during the 4th quarter. Greenwich Wealth Management LLC now owns 776 shares of the company’s stock valued at $265,000 after purchasing an additional 30 shares during the last quarter. 71.16% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on CRWD. Scotiabank reiterated a “sector perform” rating on shares of CrowdStrike in a research note on Wednesday, February 5th. Truist Financial increased their price objective on shares of CrowdStrike from $385.00 to $460.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. Susquehanna increased their price objective on shares of CrowdStrike from $400.00 to $425.00 and gave the company a “positive” rating in a research note on Wednesday, March 5th. Raymond James lowered shares of CrowdStrike from an “outperform” rating to a “cautious” rating in a report on Monday, March 10th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating on shares of CrowdStrike in a report on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $399.51.

Insider Transactions at CrowdStrike

In other news, CEO George Kurtz sold 18,071 shares of CrowdStrike stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $359.70, for a total transaction of $6,500,138.70. Following the completion of the sale, the chief executive officer now owns 2,159,935 shares of the company’s stock, valued at approximately $776,928,619.50. This trade represents a 0.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Shawn Henry sold 4,500 shares of the business’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $353.00, for a total value of $1,588,500.00. Following the completion of the transaction, the insider now directly owns 89,714 shares of the company’s stock, valued at approximately $31,669,042. This trade represents a 4.78 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 100,315 shares of company stock valued at $38,319,124. 4.34% of the stock is currently owned by corporate insiders.

CrowdStrike Trading Down 1.8 %

CRWD stock opened at $362.24 on Friday. 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 company has a fifty day moving average price of $386.53 and a two-hundred day moving average price of $344.11. CrowdStrike Holdings, Inc. has a one year low of $200.81 and a one year high of $455.59. The stock has a market cap of $89.79 billion, a price-to-earnings ratio of 710.29, a price-to-earnings-growth ratio of 17.86 and a beta of 1.19.

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.