Thurston Springer Miller Herd & Titak Inc. Boosts Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Thurston Springer Miller Herd & Titak Inc. grew its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 42.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 495 shares of the company’s stock after acquiring an additional 148 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in CrowdStrike were worth $169,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Abich Financial Wealth Management LLC bought a new position in CrowdStrike in the second quarter worth about $25,000. Oakworth Capital Inc. purchased a new position in shares of CrowdStrike in the 3rd quarter worth approximately $28,000. Fortitude Family Office LLC raised its stake in shares of CrowdStrike by 112.8% during the 4th quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock worth $28,000 after acquiring an additional 44 shares in the last quarter. Tsfg LLC lifted its position in CrowdStrike by 593.3% during the third quarter. Tsfg LLC now owns 104 shares of the company’s stock valued at $29,000 after acquiring an additional 89 shares during the last quarter. Finally, Castleview Partners LLC acquired a new stake in CrowdStrike in the third quarter valued at approximately $32,000. 71.16% of the stock is owned by institutional investors.

Insider Activity

In other CrowdStrike news, CAO Anurag Saha sold 1,863 shares of the stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $358.46, for a total value of $667,810.98. Following the completion of the sale, the chief accounting officer now owns 41,059 shares in the company, valued at approximately $14,718,009.14. This represents a 4.34 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Shawn Henry sold 4,500 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $368.14, for a total value of $1,656,630.00. Following the transaction, the insider now owns 115,798 shares in the company, valued at approximately $42,629,875.72. This represents a 3.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 110,351 shares of company stock worth $38,935,113 over the last quarter. 4.34% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently commented on CRWD shares. CICC Research began coverage on CrowdStrike in a report on Monday, November 18th. They set a “market perform” rating and a $295.00 price objective for the company. BMO Capital Markets raised their price target on CrowdStrike from $315.00 to $380.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Morgan Stanley upped their price objective on shares of CrowdStrike from $325.00 to $355.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Hsbc Global Res cut shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Finally, Robert W. Baird upped their price target on shares of CrowdStrike from $375.00 to $390.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. One 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. According to data from MarketBeat, CrowdStrike currently has an average rating of “Moderate Buy” and a consensus target price of $365.88.

CrowdStrike Trading Up 0.4 %

CRWD stock opened at $363.38 on Friday. CrowdStrike Holdings, Inc. has a 12-month low of $200.81 and a 12-month high of $398.33. The business’s 50-day moving average is $354.67 and its 200 day moving average is $312.81. 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 cap of $89.50 billion, a price-to-earnings ratio of 712.52, a PEG ratio of 18.55 and a beta of 1.14.

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.