Groupe la Francaise lowered its stake in shares of CrowdStrike (NASDAQ:CRWD – Free Report) by 17.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,098 shares of the company’s stock after selling 6,002 shares during the quarter. Groupe la Francaise’s holdings in CrowdStrike were worth $10,692,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently added to or reduced their stakes in CRWD. Nuveen LLC bought a new stake in CrowdStrike during the first quarter valued at about $595,766,000. Jennison Associates LLC boosted its position in CrowdStrike by 21.1% during the first quarter. Jennison Associates LLC now owns 6,565,275 shares of the company’s stock valued at $2,314,785,000 after purchasing an additional 1,144,295 shares in the last quarter. GAMMA Investing LLC boosted its position in CrowdStrike by 50,536.2% during the first quarter. GAMMA Investing LLC now owns 1,086,652 shares of the company’s stock valued at $383,132,000 after purchasing an additional 1,084,506 shares in the last quarter. Pathstone Holdings LLC boosted its position in CrowdStrike by 379.0% during the fourth quarter. Pathstone Holdings LLC now owns 1,286,200 shares of the company’s stock valued at $440,116,000 after purchasing an additional 1,017,678 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in CrowdStrike by 4.1% during the first quarter. Vanguard Group Inc. now owns 22,834,565 shares of the company’s stock valued at $8,051,011,000 after purchasing an additional 908,554 shares in the last quarter. Institutional investors own 71.16% of the company’s stock.
CrowdStrike Trading Up 1.6%
Shares of NASDAQ:CRWD opened at $420.55 on Friday. CrowdStrike has a 52-week low of $242.25 and a 52-week high of $517.98. The stock has a market cap of $104.82 billion, a price-to-earnings ratio of -609.49 and a beta of 1.13. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.21. The business has a 50-day moving average price of $467.34 and a 200-day moving average price of $427.49.
Analyst Ratings Changes
A number of brokerages recently weighed in on CRWD. DZ Bank downgraded CrowdStrike from a “strong-buy” rating to a “strong sell” rating and set a $370.00 price objective on the stock. in a research report on Thursday, May 22nd. Piper Sandler cut CrowdStrike from an “overweight” rating to a “neutral” rating and set a $505.00 price target for the company. in a research note on Monday, July 7th. Morgan Stanley reiterated an “equal weight” rating and issued a $495.00 price target (up from $490.00) on shares of CrowdStrike in a research note on Monday, July 14th. Scotiabank increased their price target on CrowdStrike from $370.00 to $480.00 and gave the company a “sector perform” rating in a research note on Wednesday, June 4th. Finally, Stephens increased their price target on CrowdStrike from $450.00 to $540.00 and gave the company an “overweight” rating in a research note on Wednesday, June 4th. Twenty-six investment analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $460.81.
Get Our Latest Stock Report on CRWD
Insider Activity at CrowdStrike
In related news, CFO Burt W. Podbere sold 11,883 shares of CrowdStrike stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $455.47, for a total transaction of $5,412,350.01. Following the completion of the transaction, the chief financial officer directly owned 231,130 shares in the company, valued at approximately $105,272,781.10. This trade represents a 4.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Denis Oleary sold 15,680 shares of CrowdStrike stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $468.93, for a total value of $7,352,822.40. Following the transaction, the director owned 36,906 shares of the company’s stock, valued at approximately $17,306,330.58. This represents a 29.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 214,414 shares of company stock valued at $101,484,738 in the last 90 days. 3.32% of the stock is currently owned by corporate insiders.
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.
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