Florida Financial Advisors LLC Invests $333,000 in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Florida Financial Advisors LLC bought a new stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 972 shares of the company’s stock, valued at approximately $333,000.

Other hedge funds have also recently bought and sold shares of the company. Meiji Yasuda Asset Management Co Ltd. lifted its holdings in CrowdStrike by 56.0% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 12,816 shares of the company’s stock valued at $4,385,000 after acquiring an additional 4,599 shares during the last quarter. PKS Advisory Services LLC bought a new stake in shares of CrowdStrike in the 4th quarter worth approximately $233,000. Signature Estate & Investment Advisors LLC lifted its stake in CrowdStrike by 1.9% during the fourth quarter. Signature Estate & Investment Advisors LLC now owns 59,828 shares of the company’s stock valued at $20,471,000 after purchasing an additional 1,100 shares during the last quarter. TIAA Trust National Association boosted its holdings in CrowdStrike by 2.7% during the fourth quarter. TIAA Trust National Association now owns 96,562 shares of the company’s stock worth $33,040,000 after buying an additional 2,584 shares in the last quarter. Finally, FineMark National Bank & Trust grew its position in CrowdStrike by 27.9% in the fourth quarter. FineMark National Bank & Trust now owns 2,278 shares of the company’s stock worth $779,000 after buying an additional 497 shares during the last quarter. 71.16% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently commented on CRWD. Hsbc Global Res downgraded CrowdStrike from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Canaccord Genuity Group upped their target price on CrowdStrike from $370.00 to $420.00 and gave the company a “buy” rating in a report on Monday, March 3rd. JPMorgan Chase & Co. lifted their price target on CrowdStrike from $418.00 to $450.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. Baird R W lowered shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 3rd. Finally, Guggenheim reissued a “neutral” rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $400.26.

CrowdStrike Price Performance

Shares of CrowdStrike stock opened at $384.95 on Wednesday. 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 firm has a fifty day simple moving average of $387.90 and a 200-day simple moving average of $347.04. The stock has a market capitalization of $95.42 billion, a price-to-earnings ratio of 754.82, a PEG ratio of 17.86 and a beta of 1.19. CrowdStrike Holdings, Inc. has a 1-year low of $200.81 and a 1-year high of $455.59.

Insider Buying and Selling

In other news, Director Sameer K. Gandhi sold 6,250 shares of the firm’s 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 sale, the director now directly owns 811,842 shares of the company’s stock, valued at approximately $280,613,187.30. This trade represents a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, 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 stock was sold at an average price of $353.00, for a total value of $1,588,500.00. Following the transaction, the insider now directly owns 89,714 shares of the company’s stock, valued at $31,669,042. This represents a 4.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 113,659 shares of company stock worth $43,133,396 in the last quarter. 4.34% of the stock is currently owned by company insiders.

CrowdStrike Company 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.