Kayne Anderson Rudnick Investment Management LLC Has $62,000 Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Kayne Anderson Rudnick Investment Management LLC boosted its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 757.1% during the 4th quarter, Holdings Channel reports. The fund owned 180 shares of the company’s stock after buying an additional 159 shares during the period. Kayne Anderson Rudnick Investment Management LLC’s holdings in CrowdStrike were worth $62,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Empirical Asset Management LLC acquired a new position in CrowdStrike during the fourth quarter worth $11,310,000. Primoris Wealth Advisors LLC acquired a new stake in shares of CrowdStrike in the 4th quarter worth about $2,166,000. Arcadia Investment Management Corp MI raised its holdings in shares of CrowdStrike by 30.8% in 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 during the last quarter. Greenleaf Trust lifted its position in CrowdStrike by 53.4% in the 4th quarter. Greenleaf Trust now owns 2,967 shares of the company’s stock valued at $1,015,000 after acquiring an additional 1,033 shares in the last quarter. Finally, Trifecta Capital Advisors LLC boosted its stake in CrowdStrike by 2,140.3% during the 4th quarter. Trifecta Capital Advisors LLC now owns 8,961 shares of the company’s stock valued at $3,066,000 after purchasing an additional 8,561 shares during the last quarter. Institutional investors and hedge funds own 71.16% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on CRWD shares. Susquehanna raised their target price on CrowdStrike from $400.00 to $425.00 and gave the company a “positive” rating in a report on Wednesday, March 5th. Stifel Nicolaus dropped their price objective on CrowdStrike from $475.00 to $435.00 and set a “buy” rating on the stock in a research note on Wednesday, March 5th. Guggenheim reiterated a “neutral” rating on shares of CrowdStrike in a research note on Wednesday, March 5th. Morgan Stanley dropped their price target on shares of CrowdStrike from $429.00 to $415.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th. Finally, Baird R W downgraded shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 3rd. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirty-one have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $400.76.

CrowdStrike Trading Up 4.8 %

CrowdStrike stock opened at $386.07 on Thursday. CrowdStrike Holdings, Inc. has a 1 year low of $200.81 and a 1 year high of $455.59. The firm’s 50 day moving average price is $371.32 and its 200-day moving average price is $359.55. 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 stock has a market cap of $95.70 billion, a P/E ratio of 757.02, a PEG ratio of 17.86 and a beta of 1.28.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $412.39, for a total value of $2,577,437.50. Following the completion of the transaction, the director now directly owns 805,592 shares of the company’s stock, valued at $332,218,084.88. This trade represents a 0.77 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, President Michael Sentonas sold 13,543 shares of the business’s stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $358.62, for a total transaction of $4,856,790.66. Following the completion of the sale, the president now owns 405,308 shares in the company, valued at approximately $145,351,554.96. This trade represents a 3.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 122,375 shares of company stock valued at $46,197,236 in the last 90 days. 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.