Spurstone Advisory Services LLC Takes $126,000 Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Spurstone Advisory Services LLC acquired a new stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 369 shares of the company’s stock, valued at approximately $126,000. CrowdStrike makes up approximately 2.4% of Spurstone Advisory Services LLC’s investment portfolio, making the stock its 13th largest holding.

Other hedge funds and other institutional investors have also modified their holdings of the company. Primoris Wealth Advisors LLC acquired a new position in shares of CrowdStrike in the 4th quarter valued at about $2,166,000. Arcadia Investment Management Corp MI lifted its position in CrowdStrike by 30.8% during the 4th quarter. Arcadia Investment Management Corp MI now owns 11,954 shares of the company’s stock worth $4,090,000 after acquiring an additional 2,814 shares in the last quarter. Greenleaf Trust lifted its position in CrowdStrike by 53.4% during the 4th quarter. Greenleaf Trust now owns 2,967 shares of the company’s stock worth $1,015,000 after acquiring an additional 1,033 shares in the last quarter. Trifecta Capital Advisors LLC lifted its position in CrowdStrike by 2,140.3% during the 4th quarter. Trifecta Capital Advisors LLC now owns 8,961 shares of the company’s stock worth $3,066,000 after acquiring an additional 8,561 shares in the last quarter. Finally, Fifth Third Bancorp lifted its position in CrowdStrike by 42.6% during the 4th quarter. Fifth Third Bancorp now owns 44,609 shares of the company’s stock worth $15,263,000 after acquiring an additional 13,323 shares in the last quarter. 71.16% of the stock is owned by institutional investors and hedge funds.

CrowdStrike Price Performance

Shares of CRWD opened at $439.26 on Monday. The company has a market cap of $108.88 billion, a P/E ratio of 861.31, a PEG ratio of 17.86 and a beta of 1.22. The stock has a fifty day moving average price of $385.84 and a 200 day moving average price of $375.26. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. CrowdStrike Holdings, Inc. has a 12 month low of $200.81 and a 12 month high of $455.59.

Insider Buying and Selling

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $450.67, for a total transaction of $1,802,680.00. Following the completion of the transaction, the insider now owns 94,214 shares in the company, valued at approximately $42,459,423.38. The trade was a 4.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Anurag Saha sold 1,496 shares of the business’s stock in a transaction on Friday, March 21st. The stock was sold at an average price of $358.62, for a total value of $536,495.52. Following the transaction, the chief accounting officer now owns 36,165 shares of the company’s stock, valued at $12,969,492.30. This trade represents a 3.97% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 189,431 shares of company stock worth $76,275,228 in the last three months. 3.32% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms recently commented on CRWD. Bank of America boosted their price target on CrowdStrike from $400.00 to $420.00 and gave the stock a “buy” rating in a research report on Wednesday, February 26th. Jefferies Financial Group reissued a “buy” rating on shares of CrowdStrike in a research report on Wednesday, May 7th. Raymond James lowered CrowdStrike from an “outperform” rating to a “cautious” rating in a research report on Monday, March 10th. Roth Capital assumed coverage on CrowdStrike in a research report on Wednesday, April 23rd. They set a “buy” rating and a $410.00 price target on the stock. Finally, Stephens assumed coverage on CrowdStrike in a report on Tuesday, April 1st. They set an “overweight” rating and a $450.00 price objective on the stock. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $403.56.

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.