Key Client Fiduciary Advisors LLC Invests $211,000 in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Key Client Fiduciary Advisors LLC purchased a new position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 658 shares of the company’s stock, valued at approximately $211,000.

Other large investors have also modified their holdings of the company. Morgan Stanley lifted its holdings in CrowdStrike by 124.4% in the third quarter. Morgan Stanley now owns 4,973,809 shares of the company’s stock worth $832,516,000 after acquiring an additional 2,757,251 shares during the last quarter. Norges Bank acquired a new stake in shares of CrowdStrike in the fourth quarter valued at approximately $683,336,000. Pathstone Holdings LLC acquired a new stake in shares of CrowdStrike in the fourth quarter valued at approximately $450,418,000. Jennison Associates LLC increased its stake in shares of CrowdStrike by 33.2% in the fourth quarter. Jennison Associates LLC now owns 6,340,819 shares of the company’s stock valued at $1,618,938,000 after purchasing an additional 1,581,796 shares during the period. Finally, Vanguard Group Inc. increased its stake in shares of CrowdStrike by 7.0% in the fourth quarter. Vanguard Group Inc. now owns 15,746,120 shares of the company’s stock valued at $4,020,299,000 after purchasing an additional 1,028,405 shares during the period. Institutional investors own 71.16% of the company’s stock.

CrowdStrike Price Performance

CRWD opened at $387.29 on Friday. CrowdStrike Holdings, Inc. has a one year low of $139.37 and a one year high of $394.64. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.80 and a quick ratio of 1.80. The company’s 50 day simple moving average is $337.67 and its 200-day simple moving average is $312.01. The stock has a market capitalization of $94.25 billion, a P/E ratio of 730.75, a price-to-earnings-growth ratio of 19.04 and a beta of 1.08.

Wall Street Analyst Weigh In

CRWD has been the topic of several analyst reports. Evercore ISI raised their price target on shares of CrowdStrike from $255.00 to $405.00 and gave the company an “outperform” rating in a research note on Wednesday, March 6th. Royal Bank of Canada restated an “outperform” rating and issued a $420.00 price target on shares of CrowdStrike in a research note on Wednesday, June 5th. Cantor Fitzgerald reiterated an “overweight” rating and set a $400.00 price objective on shares of CrowdStrike in a research note on Friday, June 21st. Robert W. Baird boosted their target price on CrowdStrike from $281.00 to $350.00 and gave the stock an “outperform” rating in a report on Wednesday, March 6th. Finally, BTIG Research dropped their target price on CrowdStrike from $432.00 to $402.00 and set a “buy” rating on the stock in a report on Wednesday, June 5th. One investment analyst has rated the stock with a hold rating, thirty-seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $380.62.

Insider Activity at CrowdStrike

In related news, CAO Anurag Saha sold 1,662 shares of the stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $380.63, for a total value of $632,607.06. Following the transaction, the chief accounting officer now directly owns 40,645 shares in the company, valued at $15,470,706.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other CrowdStrike news, CEO George Kurtz sold 56,279 shares of the stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $304.41, for a total value of $17,131,890.39. Following the sale, the chief executive officer now directly owns 1,146,048 shares in the company, valued at $348,868,471.68. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Anurag Saha sold 1,662 shares of the stock in a transaction on Friday, June 21st. The stock was sold at an average price of $380.63, for a total transaction of $632,607.06. Following the completion of the sale, the chief accounting officer now owns 40,645 shares in the company, valued at $15,470,706.35. The disclosure for this sale can be found here. Insiders have sold 273,675 shares of company stock worth $92,085,172 over the last ninety days. Company insiders own 4.34% of the company’s stock.

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.