Modus Advisors LLC Raises Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Modus Advisors LLC lifted its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 42.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,203 shares of the company’s stock after buying an additional 1,253 shares during the quarter. Modus Advisors LLC’s holdings in CrowdStrike were worth $1,347,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of CRWD. Aviva PLC lifted its position in shares of CrowdStrike by 470.6% during the 3rd quarter. Aviva PLC now owns 46,764 shares of the company’s stock worth $7,827,000 after buying an additional 38,569 shares during the last quarter. Kestra Advisory Services LLC lifted its position in shares of CrowdStrike by 12.8% during the 3rd quarter. Kestra Advisory Services LLC now owns 33,466 shares of the company’s stock worth $5,602,000 after buying an additional 3,786 shares during the last quarter. Rafferty Asset Management LLC increased its holdings in shares of CrowdStrike by 6.4% in the 3rd quarter. Rafferty Asset Management LLC now owns 57,345 shares of the company’s stock valued at $9,598,000 after acquiring an additional 3,459 shares during the period. Korea Investment CORP increased its holdings in shares of CrowdStrike by 4.0% in the 3rd quarter. Korea Investment CORP now owns 120,261 shares of the company’s stock valued at $20,129,000 after acquiring an additional 4,630 shares during the period. Finally, QRG Capital Management Inc. acquired a new position in shares of CrowdStrike in the 3rd quarter valued at $6,090,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Analyst Ratings Changes

CRWD has been the topic of a number of recent research reports. The Goldman Sachs Group lifted their target price on shares of CrowdStrike from $222.00 to $370.00 and gave the company a “buy” rating in a report on Wednesday, February 21st. Truist Financial lifted their target price on shares of CrowdStrike from $350.00 to $400.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. FBN Securities raised shares of CrowdStrike to a “strong-buy” rating in a report on Wednesday, June 5th. Wedbush cut their target price on shares of CrowdStrike from $390.00 to $385.00 and set an “outperform” rating on the stock in a report on Wednesday, June 5th. Finally, Macquarie reissued an “outperform” rating and issued a $370.00 price objective on shares of CrowdStrike in a research note on Tuesday, March 19th. One research analyst has rated the stock with a hold rating, thirty-seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, CrowdStrike has a consensus rating of “Buy” and an average price target of $380.62.

CrowdStrike Stock Up 0.5 %

Shares of CRWD traded up $1.85 during mid-day trading on Tuesday, reaching $392.28. 2,776,894 shares of the stock traded hands, compared to its average volume of 3,718,579. The firm has a market cap of $95.47 billion, a price-to-earnings ratio of 739.54, a P/E/G ratio of 19.26 and a beta of 1.08. The stock has a fifty day simple moving average of $326.78 and a 200 day simple moving average of $305.38. CrowdStrike Holdings, Inc. has a 12-month low of $139.37 and a 12-month high of $394.64. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.29.

Insider Activity

In other news, CEO George Kurtz sold 78,080 shares of CrowdStrike stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $326.78, for a total transaction of $25,514,982.40. Following the sale, the chief executive officer now owns 1,148,102 shares in the company, valued at $375,176,771.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO George Kurtz sold 78,080 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $326.78, for a total transaction of $25,514,982.40. Following the completion of the sale, the chief executive officer now owns 1,148,102 shares of the company’s stock, valued at $375,176,771.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Shawn Henry sold 14,815 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $325.85, for a total transaction of $4,827,467.75. Following the sale, the insider now directly owns 235,850 shares of the company’s stock, valued at approximately $76,851,722.50. The disclosure for this sale can be found here. Insiders have sold 321,500 shares of company stock worth $102,952,345 over the last 90 days. Company insiders own 4.34% of the company’s stock.

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.