Argent Trust Co Raises Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Argent Trust Co raised its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 15.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,105 shares of the company’s stock after buying an additional 413 shares during the period. Argent Trust Co’s holdings in CrowdStrike were worth $426,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Coppell Advisory Solutions Corp. purchased a new position in CrowdStrike in the 4th quarter worth approximately $25,000. Freedom Wealth Alliance LLC bought a new stake in CrowdStrike during the 4th quarter valued at $32,000. WealthPLAN Partners LLC purchased a new stake in CrowdStrike during the 1st quarter valued at $38,000. Rise Advisors LLC grew its holdings in CrowdStrike by 41.7% in the 1st quarter. Rise Advisors LLC now owns 326 shares of the company’s stock worth $45,000 after acquiring an additional 96 shares during the last quarter. Finally, Householder Group Estate & Retirement Specialist LLC increased its position in shares of CrowdStrike by 68.5% in the first quarter. Householder Group Estate & Retirement Specialist LLC now owns 337 shares of the company’s stock valued at $46,000 after acquiring an additional 137 shares during the period. 63.53% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO George Kurtz sold 178,000 shares of the company’s stock in a transaction on Thursday, July 13th. The shares were sold at an average price of $151.04, for a total transaction of $26,885,120.00. Following the completion of the transaction, the chief executive officer now owns 1,119,971 shares in the company, valued at $169,160,419.84. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CAO Anurag Saha sold 815 shares of the stock in a transaction that occurred on Wednesday, June 21st. The stock was sold at an average price of $150.48, for a total transaction of $122,641.20. Following the completion of the transaction, the chief accounting officer now directly owns 31,852 shares of the company’s stock, valued at $4,793,088.96. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO George Kurtz sold 178,000 shares of CrowdStrike stock in a transaction that occurred on Thursday, July 13th. The stock was sold at an average price of $151.04, for a total value of $26,885,120.00. Following the completion of the sale, the chief executive officer now directly owns 1,119,971 shares in the company, valued at approximately $169,160,419.84. The disclosure for this sale can be found here. Insiders have sold a total of 342,479 shares of company stock worth $51,344,648 over the last quarter. Insiders own 5.68% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CRWD. Morgan Stanley cut CrowdStrike from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $178.00 to $167.00 in a research note on Monday, August 28th. Needham & Company LLC boosted their target price on CrowdStrike from $170.00 to $200.00 in a research note on Thursday, August 31st. Guggenheim reaffirmed a “buy” rating and issued a $162.00 price target on shares of CrowdStrike in a research note on Wednesday, August 23rd. Wedbush upped their price objective on shares of CrowdStrike from $145.00 to $170.00 in a report on Wednesday, May 31st. Finally, Wells Fargo & Company lifted their target price on shares of CrowdStrike from $175.00 to $200.00 and gave the company an “overweight” rating in a research note on Monday, August 28th. Five equities research analysts have rated the stock with a hold rating and thirty-six have given a buy rating to the stock. According to MarketBeat.com, CrowdStrike presently has a consensus rating of “Moderate Buy” and an average price target of $182.51.

CrowdStrike Stock Up 0.2 %

CRWD opened at $166.64 on Friday. CrowdStrike Holdings, Inc. has a 1-year low of $92.25 and a 1-year high of $195.29. The company has a current ratio of 1.82, a quick ratio of 1.78 and a debt-to-equity ratio of 0.40. The firm’s 50 day simple moving average is $151.89 and its two-hundred day simple moving average is $141.04.

CrowdStrike Company Profile

CrowdStrike Holdings, Inc provides cloud-delivered protection across endpoints and cloud workloads, identity, and data. It offers corporate workload security, security and vulnerability management, managed security services, IT operations management, threat intelligence services, identity protection, and log management.