TCV Trust & Wealth Management Inc. Purchases Shares of 675 CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

TCV Trust & Wealth Management Inc. acquired a new stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 675 shares of the company’s stock, valued at approximately $231,000.

A number of other hedge funds have also recently made changes to their positions in CRWD. State Street Corp lifted its holdings in CrowdStrike by 2.9% in the 3rd quarter. State Street Corp now owns 9,630,776 shares of the company’s stock worth $2,701,144,000 after purchasing an additional 275,717 shares in the last quarter. Jennison Associates LLC lifted its holdings in shares of CrowdStrike by 6.9% in the fourth quarter. Jennison Associates LLC now owns 5,420,980 shares of the company’s stock worth $1,854,843,000 after buying an additional 352,180 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of CrowdStrike by 2.0% during the third quarter. Geode Capital Management LLC now owns 4,893,457 shares of the company’s stock worth $1,367,505,000 after acquiring an additional 97,990 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of CrowdStrike by 12.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,570,440 shares of the company’s stock worth $440,461,000 after acquiring an additional 171,861 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in CrowdStrike by 1.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,354,494 shares of the company’s stock valued at $379,895,000 after acquiring an additional 20,899 shares in the last quarter. Institutional investors own 71.16% of the company’s stock.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $340.44, for a total transaction of $1,361,760.00. Following the transaction, the insider now owns 120,298 shares of the company’s stock, valued at approximately $40,954,251.12. This trade represents a 3.22 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Michael Sentonas sold 10,801 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $358.47, for a total transaction of $3,871,834.47. Following the completion of the sale, the president now directly owns 389,589 shares of the company’s stock, valued at $139,655,968.83. The trade was a 2.70 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 136,565 shares of company stock valued at $50,597,609 in the last ninety days. Corporate insiders own 4.34% of the company’s stock.

Wall Street Analysts Forecast Growth

CRWD has been the subject of several research reports. Rosenblatt Securities increased their price objective on shares of CrowdStrike from $325.00 to $385.00 and gave the company a “buy” rating in a report on Monday, November 25th. Oppenheimer increased their price target on CrowdStrike from $365.00 to $410.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Susquehanna lifted their price objective on CrowdStrike from $310.00 to $400.00 and gave the stock a “positive” rating in a research note on Wednesday, November 27th. JMP Securities reaffirmed a “market outperform” rating and set a $400.00 price objective on shares of CrowdStrike in a report on Monday, November 4th. Finally, Scotiabank raised their target price on shares of CrowdStrike from $300.00 to $370.00 and gave the company a “sector perform” rating in a report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $372.13.

CrowdStrike Stock Up 0.6 %

Shares of NASDAQ CRWD opened at $431.64 on Wednesday. CrowdStrike Holdings, Inc. has a 52-week low of $200.81 and a 52-week high of $434.78. The firm has a market capitalization of $106.32 billion, a price-to-earnings ratio of 846.37, a PEG ratio of 17.22 and a beta of 1.16. The stock has a 50 day moving average price of $370.16 and a 200 day moving average price of $317.93. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86.

CrowdStrike Company 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.