Meiji Yasuda Asset Management Co Ltd. Raises Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Meiji Yasuda Asset Management Co Ltd. increased its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 56.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 12,816 shares of the company’s stock after acquiring an additional 4,599 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in CrowdStrike were worth $4,385,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. PKS Advisory Services LLC bought a new position in CrowdStrike during the fourth quarter worth about $233,000. Signature Estate & Investment Advisors LLC lifted its stake in shares of CrowdStrike by 1.9% during the 4th quarter. Signature Estate & Investment Advisors LLC now owns 59,828 shares of the company’s stock valued at $20,471,000 after buying an additional 1,100 shares in the last quarter. TIAA Trust National Association boosted its holdings in CrowdStrike by 2.7% in the 4th quarter. TIAA Trust National Association now owns 96,562 shares of the company’s stock worth $33,040,000 after buying an additional 2,584 shares during the period. FineMark National Bank & Trust grew its stake in CrowdStrike by 27.9% in the 4th quarter. FineMark National Bank & Trust now owns 2,278 shares of the company’s stock valued at $779,000 after buying an additional 497 shares in the last quarter. Finally, Princeton Capital Management LLC raised its holdings in CrowdStrike by 1.9% during the 4th quarter. Princeton Capital Management LLC now owns 35,889 shares of the company’s stock valued at $12,280,000 after acquiring an additional 663 shares during the period. 71.16% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Stifel Nicolaus reduced their price target on CrowdStrike from $475.00 to $435.00 and set a “buy” rating for the company in a research report on Wednesday, March 5th. JPMorgan Chase & Co. upped their price target on CrowdStrike from $418.00 to $450.00 and gave the company an “overweight” rating in a research report on Friday, February 28th. Jefferies Financial Group cut their price objective on shares of CrowdStrike from $450.00 to $425.00 and set a “buy” rating for the company in a research report on Wednesday, March 5th. Scotiabank reaffirmed a “sector perform” rating on shares of CrowdStrike in a report on Wednesday, February 5th. Finally, Westpark Capital reissued a “hold” rating on shares of CrowdStrike in a report on Wednesday, March 5th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $400.26.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 2,141 shares of the company’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $371.79, for a total value of $796,002.39. Following the completion of the transaction, the chief accounting officer now directly owns 34,024 shares in the company, valued at approximately $12,649,782.96. This represents a 5.92 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction dated 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 sale, the insider now directly owns 94,214 shares of the company’s stock, valued at approximately $42,459,423.38. This represents a 4.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 113,659 shares of company stock valued at $43,133,396 in the last 90 days. Insiders own 4.34% of the company’s stock.

CrowdStrike Stock Performance

Shares of NASDAQ:CRWD opened at $384.95 on Wednesday. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. The company has a 50-day moving average price of $387.90 and a 200-day moving average price of $347.04. The company has a market cap of $95.42 billion, a price-to-earnings ratio of 754.82, a price-to-earnings-growth ratio of 17.86 and a beta of 1.19. CrowdStrike Holdings, Inc. has a 12 month low of $200.81 and a 12 month high of $455.59.

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.