Ballentine Partners LLC Raises Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Ballentine Partners LLC lifted its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 25.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,772 shares of the company’s stock after buying an additional 354 shares during the period. Ballentine Partners LLC’s holdings in CrowdStrike were worth $568,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Unique Wealth LLC purchased a new position in shares of CrowdStrike in the 1st quarter worth approximately $208,000. International Assets Investment Management LLC grew its position in shares of CrowdStrike by 61.6% in the 1st quarter. International Assets Investment Management LLC now owns 4,647 shares of the company’s stock worth $1,485,000 after buying an additional 1,771 shares during the last quarter. &PARTNERS grew its position in shares of CrowdStrike by 118.9% in the 1st quarter. &PARTNERS now owns 1,834 shares of the company’s stock worth $588,000 after buying an additional 996 shares during the last quarter. GSG Advisors LLC purchased a new position in shares of CrowdStrike in the 1st quarter worth approximately $207,000. Finally, Tuttle Capital Management LLC purchased a new position in shares of CrowdStrike in the 1st quarter worth approximately $216,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

CrowdStrike Price Performance

NASDAQ:CRWD traded up $0.46 during trading hours on Monday, reaching $381.09. 886,275 shares of the company were exchanged, compared to its average volume of 4,143,344. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.29. The stock’s 50-day moving average is $332.62 and its 200-day moving average is $309.54. The firm has a market cap of $92.74 billion, a PE ratio of 718.18, a price-to-earnings-growth ratio of 19.09 and a beta of 1.08. CrowdStrike Holdings, Inc. has a twelve month low of $139.37 and a twelve month high of $394.64.

Insiders Place Their Bets

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $308.79, for a total transaction of $1,235,160.00. Following the completion of the transaction, the insider now directly owns 208,961 shares in the company, valued at $64,525,067.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $308.79, for a total transaction of $1,235,160.00. Following the completion of the sale, the insider now owns 208,961 shares of the company’s stock, valued at $64,525,067.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Sameer K. Gandhi sold 15,000 shares of the company’s stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $316.82, for a total transaction of $4,752,300.00. Following the sale, the director now directly owns 839,234 shares of the company’s stock, valued at approximately $265,886,115.88. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 182,742 shares of company stock worth $57,672,688. Company insiders own 4.34% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on CRWD. Susquehanna boosted their target price on shares of CrowdStrike from $330.00 to $410.00 and gave the stock a “positive” rating in a research report on Thursday, March 7th. Robert W. Baird boosted their target price on shares of CrowdStrike from $281.00 to $350.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 6th. Macquarie reissued an “outperform” rating and set a $370.00 target price on shares of CrowdStrike in a research report on Tuesday, March 19th. Citigroup boosted their target price on shares of CrowdStrike from $320.00 to $425.00 and gave the stock a “buy” rating in a research report on Thursday, March 7th. Finally, BTIG Research dropped their target price on shares of CrowdStrike from $432.00 to $402.00 and set a “buy” rating on the stock in a research report on Wednesday, June 5th. One research analyst has rated the stock with a hold rating, thirty-seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $380.62.

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.