Covestor Ltd Buys 88 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Covestor Ltd grew its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 19.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 531 shares of the company’s stock after acquiring an additional 88 shares during the quarter. Covestor Ltd’s holdings in CrowdStrike were worth $182,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new position in CrowdStrike during the fourth quarter worth about $1,111,542,000. Raymond James Financial Inc. purchased a new position in shares of CrowdStrike in the 4th quarter worth approximately $237,375,000. Amundi grew its holdings in shares of CrowdStrike by 41.9% in the fourth quarter. Amundi now owns 1,382,952 shares of the company’s stock valued at $496,093,000 after acquiring an additional 408,190 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of CrowdStrike by 2,586.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 418,094 shares of the company’s stock valued at $143,055,000 after acquiring an additional 402,531 shares during the last quarter. Finally, Franklin Resources Inc. lifted its holdings in CrowdStrike by 36.5% during the fourth quarter. Franklin Resources Inc. now owns 1,378,856 shares of the company’s stock worth $471,789,000 after acquiring an additional 368,931 shares during the period. Institutional investors own 71.16% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Stifel Nicolaus reduced their price objective on CrowdStrike from $475.00 to $435.00 and set a “buy” rating for the company in a research note on Wednesday, March 5th. Mizuho raised their price objective on shares of CrowdStrike from $385.00 to $450.00 and gave the stock an “outperform” rating in a report on Wednesday, February 12th. Rosenblatt Securities reiterated a “buy” rating and issued a $450.00 target price on shares of CrowdStrike in a research note on Wednesday, March 5th. Morgan Stanley set a $429.00 price target on shares of CrowdStrike in a research note on Tuesday, March 18th. Finally, Truist Financial dropped their price objective on CrowdStrike from $460.00 to $450.00 and set a “buy” rating on the stock in a research note on Monday, March 31st. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $400.88.

Insider Activity at CrowdStrike

In related news, Director Sameer K. Gandhi sold 6,250 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $412.39, for a total transaction of $2,577,437.50. Following the transaction, the director now directly owns 805,592 shares in the company, valued at $332,218,084.88. This trade represents a 0.77 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the insider now owns 94,214 shares in the company, valued at $42,459,423.38. This represents a 4.07 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 120,801 shares of company stock valued at $45,553,642. Insiders own 4.34% of the company’s stock.

CrowdStrike Stock Down 2.5 %

Shares of NASDAQ CRWD opened at $368.61 on Friday. The stock has a market capitalization of $91.37 billion, a P/E ratio of 722.78, a PEG ratio of 17.86 and a beta of 1.28. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. CrowdStrike Holdings, Inc. has a one year low of $200.81 and a one year high of $455.59. The firm’s 50 day simple moving average is $380.72 and its two-hundred day simple moving average is $354.19.

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.