PNC Financial Services Group Inc. Raises Stock Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

PNC Financial Services Group Inc. grew its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 17.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 89,766 shares of the company’s stock after buying an additional 13,188 shares during the quarter. PNC Financial Services Group Inc.’s holdings in CrowdStrike were worth $30,714,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Berbice Capital Management LLC purchased a new position in shares of CrowdStrike in the fourth quarter valued at approximately $27,000. FPC Investment Advisory Inc. lifted its position in shares of CrowdStrike by 811.1% in the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock valued at $28,000 after acquiring an additional 73 shares in the last quarter. Fortitude Family Office LLC lifted its position in shares of CrowdStrike by 112.8% in the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock valued at $28,000 after acquiring an additional 44 shares in the last quarter. Luken Investment Analytics LLC purchased a new position in shares of CrowdStrike in the fourth quarter valued at approximately $34,000. Finally, Halbert Hargrove Global Advisors LLC purchased a new position in shares of CrowdStrike in the fourth quarter valued at approximately $42,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

CrowdStrike Stock Down 4.1 %

CRWD opened at $333.50 on Monday. The business’s 50-day simple moving average is $387.07 and its 200-day simple moving average is $339.51. 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 Holdings, Inc. has a one year low of $200.81 and a one year high of $455.59. The stock has a market capitalization of $82.14 billion, a P/E ratio of 653.93, a price-to-earnings-growth ratio of 17.86 and a beta of 1.19.

Insider Transactions at CrowdStrike

In related news, Director Sameer K. Gandhi sold 17,120 shares of the business’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $428.13, for a total value of $7,329,585.60. Following the transaction, the director now owns 780,592 shares in the company, valued at $334,194,852.96. The trade was a 2.15 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $450.67, for a total value of $1,802,680.00. Following the completion of the transaction, the insider now owns 94,214 shares in the company, valued at $42,459,423.38. This trade represents a 4.07 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 100,315 shares of company stock worth $38,387,254. Corporate insiders own 4.34% of the company’s stock.

Wall Street Analysts Forecast Growth

CRWD has been the subject of several recent research reports. BMO Capital Markets increased their price target on CrowdStrike from $380.00 to $405.00 and gave the company an “outperform” rating in a report on Wednesday, March 5th. Cantor Fitzgerald reissued an “overweight” rating and set a $440.00 target price on shares of CrowdStrike in a research note on Wednesday, March 5th. Robert W. Baird dropped their price objective on CrowdStrike from $440.00 to $405.00 and set a “neutral” rating for the company in a research note on Wednesday, March 5th. Oppenheimer lifted their price objective on CrowdStrike from $365.00 to $410.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Finally, Evercore ISI lifted their price objective on CrowdStrike from $400.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, CrowdStrike presently has a consensus rating of “Moderate Buy” and a consensus target price of $400.10.

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.