Sunbelt Securities Inc. Has $408,000 Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Sunbelt Securities Inc. lifted its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 65.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,274 shares of the company’s stock after acquiring an additional 506 shares during the period. Sunbelt Securities Inc.’s holdings in CrowdStrike were worth $408,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. O Shaughnessy Asset Management LLC grew its stake in shares of CrowdStrike by 289.6% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 8,006 shares of the company’s stock valued at $1,340,000 after purchasing an additional 5,951 shares during the period. Tower Research Capital LLC TRC raised its stake in CrowdStrike by 23.2% during the third quarter. Tower Research Capital LLC TRC now owns 17,299 shares of the company’s stock worth $2,896,000 after acquiring an additional 3,257 shares in the last quarter. Bank of Nova Scotia lifted its holdings in shares of CrowdStrike by 123.1% during the third quarter. Bank of Nova Scotia now owns 17,379 shares of the company’s stock valued at $2,909,000 after acquiring an additional 9,589 shares during the period. Gotham Asset Management LLC boosted its stake in shares of CrowdStrike by 17.3% in the 3rd quarter. Gotham Asset Management LLC now owns 45,687 shares of the company’s stock valued at $7,647,000 after purchasing an additional 6,733 shares in the last quarter. Finally, Eventide Asset Management LLC grew its holdings in shares of CrowdStrike by 0.4% in the 3rd quarter. Eventide Asset Management LLC now owns 499,394 shares of the company’s stock worth $83,589,000 after purchasing an additional 2,060 shares during the last quarter. Institutional investors own 71.16% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on CRWD. Macquarie restated an “outperform” rating and issued a $370.00 price target on shares of CrowdStrike in a research report on Tuesday, March 19th. Guggenheim restated a “buy” rating and set a $424.00 price target on shares of CrowdStrike in a research report on Tuesday. FBN Securities upgraded CrowdStrike to a “strong-buy” rating in a research report on Wednesday, June 5th. Mizuho reduced their price objective on CrowdStrike from $390.00 to $370.00 and set a “buy” rating on the stock in a research note on Wednesday, June 5th. Finally, HSBC raised their target price on CrowdStrike from $411.00 to $412.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. One 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 company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $380.62.

CrowdStrike Stock Performance

Shares of CRWD stock opened at $387.29 on Friday. The company has a market capitalization of $94.25 billion, a P/E ratio of 730.75, a price-to-earnings-growth ratio of 19.36 and a beta of 1.08. CrowdStrike Holdings, Inc. has a 52 week low of $139.37 and a 52 week high of $394.64. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.80 and a current ratio of 1.80. The company’s 50 day moving average price is $337.67 and its two-hundred day moving average price is $312.01.

Insider Activity at CrowdStrike

In other CrowdStrike news, CFO Burt W. Podbere sold 64,000 shares of CrowdStrike stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $316.48, for a total value of $20,254,720.00. Following the sale, the chief financial officer now owns 306,508 shares of the company’s stock, valued at approximately $97,003,651.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related 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 transaction of $17,131,890.39. Following the completion of the transaction, the chief executive officer now owns 1,146,048 shares in the company, valued at $348,868,471.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Burt W. Podbere sold 64,000 shares of CrowdStrike stock in a transaction on Monday, April 1st. The shares were sold at an average price of $316.48, for a total transaction of $20,254,720.00. Following the completion of the sale, the chief financial officer now owns 306,508 shares in the company, valued at $97,003,651.84. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 273,675 shares of company stock valued at $92,085,172. 4.34% of the stock is owned by corporate insiders.

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.