Murphy & Mullick Capital Management Corp Buys New Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Murphy & Mullick Capital Management Corp purchased a new position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 605 shares of the company’s stock, valued at approximately $207,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Raymond James Financial Inc. bought a new stake in shares of CrowdStrike during the 4th quarter worth about $237,375,000. Amundi increased its stake in shares of CrowdStrike by 41.9% during the fourth quarter. Amundi now owns 1,382,952 shares of the company’s stock valued at $496,093,000 after acquiring an additional 408,190 shares during the period. Jennison Associates LLC raised its holdings in CrowdStrike by 6.9% during the fourth quarter. Jennison Associates LLC now owns 5,420,980 shares of the company’s stock worth $1,854,843,000 after purchasing an additional 352,180 shares in the last quarter. Vanguard Group Inc. lifted its position in CrowdStrike by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 21,926,011 shares of the company’s stock worth $7,502,204,000 after purchasing an additional 342,294 shares during the period. Finally, State Street Corp boosted its stake in CrowdStrike by 2.9% during the 3rd quarter. State Street Corp now owns 9,630,776 shares of the company’s stock valued at $2,701,144,000 after purchasing an additional 275,717 shares in the last quarter. Institutional investors own 71.16% of the company’s stock.

Insider Activity at CrowdStrike

In other news, CAO Anurag Saha sold 1,496 shares of CrowdStrike stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $358.62, for a total transaction of $536,495.52. Following the sale, the chief accounting officer now directly owns 36,165 shares in the company, valued at approximately $12,969,492.30. The trade was a 3.97 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Shawn Henry sold 2,547 shares of the stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $365.96, for a total transaction of $932,100.12. Following the completion of the transaction, the insider now directly owns 82,071 shares of the company’s stock, valued at $30,034,703.16. This trade represents a 3.01 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 110,801 shares of company stock worth $42,092,255. Company insiders own 4.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Rosenblatt Securities reaffirmed a “buy” rating and set a $450.00 target price on shares of CrowdStrike in a research note on Wednesday, March 5th. Wells Fargo & Company lifted their price objective on shares of CrowdStrike from $400.00 to $430.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 5th. Jefferies Financial Group cut their target price on shares of CrowdStrike from $450.00 to $425.00 and set a “buy” rating for the company in a research note on Wednesday, March 5th. Scotiabank restated a “sector perform” rating on shares of CrowdStrike in a research report on Wednesday, February 5th. Finally, Royal Bank of Canada reissued an “outperform” rating on shares of CrowdStrike in a research note on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $400.26.

CrowdStrike Price Performance

Shares of CrowdStrike stock opened at $371.41 on Thursday. The firm has a fifty day moving average price of $388.08 and a two-hundred day moving average price of $347.22. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $455.59. 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 market cap of $92.06 billion, a PE ratio of 728.27, a price-to-earnings-growth ratio of 17.86 and a beta of 1.19.

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.