Candriam S.C.A. Has $62.02 Million Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Candriam S.C.A. lowered its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 4.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 181,249 shares of the company’s stock after selling 9,212 shares during the period. Candriam S.C.A.’s holdings in CrowdStrike were worth $62,016,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Empirical Asset Management LLC acquired a new stake in CrowdStrike in the fourth quarter valued at approximately $11,310,000. Beacon Financial Advisory LLC acquired a new stake in CrowdStrike in the third quarter valued at approximately $955,000. Sumitomo Mitsui Trust Group Inc. grew its stake in CrowdStrike by 10.2% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 846,189 shares of the company’s stock valued at $237,331,000 after acquiring an additional 78,305 shares during the period. Hemenway Trust Co LLC grew its stake in CrowdStrike by 356.8% in the third quarter. Hemenway Trust Co LLC now owns 6,852 shares of the company’s stock valued at $1,922,000 after acquiring an additional 5,352 shares during the period. Finally, Arcadia Investment Management Corp MI grew its stake in CrowdStrike by 30.8% in the fourth quarter. Arcadia Investment Management Corp MI now owns 11,954 shares of the company’s stock valued at $4,090,000 after acquiring an additional 2,814 shares during the period. Institutional investors and hedge funds own 71.16% of the company’s stock.

CrowdStrike Price Performance

CrowdStrike stock opened at $365.44 on Thursday. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week high of $455.59. The business has a 50-day simple moving average of $387.84 and a 200 day simple moving average of $338.02. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. The stock has a market cap of $90.01 billion, a price-to-earnings ratio of 716.56, a PEG ratio of 17.86 and a beta of 1.19.

Insider Buying and Selling

In related news, Director Sameer K. Gandhi sold 6,250 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $345.65, for a total transaction of $2,160,312.50. Following the completion of the transaction, the director now directly owns 811,842 shares in the company, valued at $280,613,187.30. The trade was a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $450.67, for a total value of $1,802,680.00. Following the sale, the insider now directly owns 94,214 shares of the company’s stock, valued at approximately $42,459,423.38. This trade represents a 4.07 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 100,315 shares of company stock worth $38,387,254 over the last ninety days. 4.34% of the stock is owned by corporate insiders.

Analyst Ratings Changes

CRWD has been the subject of a number of research reports. Piper Sandler raised their price objective on CrowdStrike from $375.00 to $400.00 and gave the company an “overweight” rating in a research note on Wednesday. Scotiabank restated a “sector perform” rating on shares of CrowdStrike in a report on Wednesday, February 5th. Truist Financial raised their target price on CrowdStrike from $385.00 to $460.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. BMO Capital Markets raised their target price on CrowdStrike from $380.00 to $405.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, Morgan Stanley raised their target price on CrowdStrike from $390.00 to $429.00 and gave the company an “overweight” rating in a report on Wednesday, February 19th. 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, the company currently has an average rating of “Moderate Buy” and a consensus price target of $400.10.

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.