Aviva PLC Acquires 18,724 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Aviva PLC increased its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 57.3% during the fourth quarter, Holdings Channel reports. The firm owned 51,411 shares of the company’s stock after acquiring an additional 18,724 shares during the period. Aviva PLC’s holdings in CrowdStrike were worth $17,591,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Kovitz Investment Group Partners LLC grew its stake in shares of CrowdStrike by 216.5% during the third quarter. Kovitz Investment Group Partners LLC now owns 3,905 shares of the company’s stock worth $1,095,000 after buying an additional 2,671 shares during the last quarter. Headinvest LLC acquired a new position in shares of CrowdStrike in the third quarter valued at approximately $229,000. MML Investors Services LLC raised its holdings in CrowdStrike by 5.5% in the 3rd quarter. MML Investors Services LLC now owns 61,789 shares of the company’s stock valued at $17,330,000 after buying an additional 3,247 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in CrowdStrike by 3.1% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 101,161 shares of the company’s stock worth $28,373,000 after buying an additional 3,080 shares during the period. Finally, Continuum Advisory LLC grew its holdings in CrowdStrike by 235.0% during the 3rd quarter. Continuum Advisory LLC now owns 717 shares of the company’s stock worth $201,000 after acquiring an additional 503 shares during the last quarter. 71.16% of the stock is currently owned by institutional investors and hedge funds.

CrowdStrike Stock Up 0.8 %

Shares of NASDAQ:CRWD opened at $324.36 on Tuesday. The business’s 50 day moving average is $385.19 and its 200 day moving average is $352.89. CrowdStrike Holdings, Inc. has a 12-month low of $200.81 and a 12-month high of $455.59. The stock has a market cap of $80.40 billion, a price-to-earnings ratio of 636.01, a PEG ratio of 17.86 and a beta of 1.28. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24.

Analyst Ratings Changes

A number of brokerages have recently commented on CRWD. Rosenblatt Securities reiterated a “buy” rating and set a $450.00 price target on shares of CrowdStrike in a report on Wednesday, March 5th. Scotiabank reiterated a “sector perform” rating on shares of CrowdStrike in a research report on Wednesday, February 5th. Stephens started coverage on CrowdStrike in a research report on Tuesday, April 1st. They set an “overweight” rating and a $450.00 price objective for the company. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $440.00 price objective on shares of CrowdStrike in a research note on Wednesday, March 5th. Finally, Truist Financial decreased their target price on shares of CrowdStrike from $460.00 to $450.00 and set a “buy” rating for the company in a research report on Monday, March 31st. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirty have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $400.88.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 1,496 shares of CrowdStrike stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $358.62, for a total transaction of $536,495.52. Following the transaction, the chief accounting officer now owns 36,165 shares of the company’s stock, valued at $12,969,492.30. This trade represents a 3.97 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO George Kurtz sold 22,449 shares of the stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $358.68, for a total value of $8,052,007.32. Following the sale, the chief executive officer now directly owns 2,178,452 shares of the company’s stock, valued at $781,367,163.36. The trade was a 1.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 114,551 shares of company stock worth $43,527,642. Corporate 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.