NorthRock Partners LLC Buys 822 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

NorthRock Partners LLC lifted its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 22.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,560 shares of the company’s stock after acquiring an additional 822 shares during the period. NorthRock Partners LLC’s holdings in CrowdStrike were worth $1,560,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in CRWD. Norges Bank bought a new position in shares of CrowdStrike in the fourth quarter worth $1,111,542,000. Raymond James Financial Inc. purchased a new stake in shares of CrowdStrike in the fourth quarter worth $237,375,000. Voya Investment Management LLC raised its position in shares of CrowdStrike by 43.5% in the fourth quarter. Voya Investment Management LLC now owns 1,920,901 shares of the company’s stock worth $657,106,000 after buying an additional 582,471 shares in the last quarter. Amundi raised its position in shares of CrowdStrike by 41.9% in the fourth quarter. Amundi now owns 1,382,952 shares of the company’s stock worth $496,093,000 after buying an additional 408,190 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in shares of CrowdStrike by 2,586.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 418,094 shares of the company’s stock worth $143,055,000 after buying an additional 402,531 shares in the last quarter. 71.16% of the stock is owned by institutional investors.

CrowdStrike Price Performance

Shares of NASDAQ CRWD opened at $435.94 on Thursday. CrowdStrike Holdings, Inc. has a twelve month low of $200.81 and a twelve month high of $455.59. The firm has a market cap of $108.06 billion, a P/E ratio of 854.80, a PEG ratio of 17.86 and a beta of 1.22. The company has a 50 day moving average of $381.19 and a 200 day moving average of $372.47. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24.

Insider Buying and Selling

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 value of $536,495.52. Following the completion of the sale, the chief accounting officer now owns 36,165 shares of the company’s stock, valued at approximately $12,969,492.30. The trade was a 3.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Michael Sentonas sold 13,543 shares of CrowdStrike stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $358.62, for a total transaction of $4,856,790.66. Following the completion of the sale, the president now directly owns 405,308 shares of the company’s stock, valued at approximately $145,351,554.96. This trade represents a 3.23% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 189,431 shares of company stock worth $76,275,228 in the last three months. Insiders own 3.32% of the company’s stock.

Analyst Ratings Changes

CRWD has been the topic of a number of recent analyst reports. Rosenblatt Securities reiterated a “buy” rating and issued a $450.00 price objective on shares of CrowdStrike in a research report on Thursday, May 8th. BTIG Research upgraded CrowdStrike from a “neutral” rating to a “buy” rating and set a $431.00 price objective on the stock in a research report on Tuesday, March 25th. Needham & Company LLC reiterated a “buy” rating and issued a $420.00 price objective on shares of CrowdStrike in a research report on Wednesday, March 5th. Susquehanna increased their price objective on CrowdStrike from $400.00 to $425.00 and gave the stock a “positive” rating in a research report on Wednesday, March 5th. Finally, BMO Capital Markets raised their price target on CrowdStrike from $380.00 to $405.00 and gave the company an “outperform” rating in a research report on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, thirty have issued a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $403.20.

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.