SVB Wealth LLC Invests $1.35 Million in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

SVB Wealth LLC purchased a new stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 3,934 shares of the company’s stock, valued at approximately $1,346,000.

A number of other large investors also recently bought and sold shares of the business. State Street Corp lifted its position in CrowdStrike by 2.9% during the 3rd quarter. State Street Corp now owns 9,630,776 shares of the company’s stock valued at $2,701,144,000 after acquiring an additional 275,717 shares during the period. Jennison Associates LLC lifted its position in CrowdStrike by 6.9% during the 4th quarter. Jennison Associates LLC now owns 5,420,980 shares of the company’s stock valued at $1,854,843,000 after acquiring an additional 352,180 shares during the period. Geode Capital Management LLC lifted its position in CrowdStrike by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 4,893,457 shares of the company’s stock valued at $1,367,505,000 after acquiring an additional 97,990 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in CrowdStrike by 12.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,570,440 shares of the company’s stock valued at $440,461,000 after acquiring an additional 171,861 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in CrowdStrike by 1.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,354,494 shares of the company’s stock valued at $379,895,000 after acquiring an additional 20,899 shares during the period. 71.16% of the stock is owned by hedge funds and other institutional investors.

CrowdStrike Price Performance

CrowdStrike stock opened at $389.66 on Monday. The company has a market cap of $95.98 billion, a price-to-earnings ratio of 764.05, a PEG ratio of 17.86 and a beta of 1.16. The firm’s fifty day moving average is $386.94 and its 200 day moving average is $336.06. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. CrowdStrike Holdings, Inc. has a 52-week low of $200.81 and a 52-week high of $455.59.

Insider Activity at CrowdStrike

In related news, insider Shawn Henry sold 4,500 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $368.14, for a total transaction of $1,656,630.00. Following the sale, the insider now owns 115,798 shares of the company’s stock, valued at $42,629,875.72. This represents a 3.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Sameer K. Gandhi sold 17,120 shares of the company’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $428.13, for a total transaction of $7,329,585.60. Following the sale, the director now directly owns 780,592 shares in the company, valued at approximately $334,194,852.96. The trade was a 2.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 106,565 shares of company stock valued at $40,570,629 over the last 90 days. 4.34% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

CRWD has been the subject of a number of recent research reports. Scotiabank reissued a “sector perform” rating on shares of CrowdStrike in a research report on Wednesday, February 5th. Rosenblatt Securities lifted their target price on shares of CrowdStrike from $385.00 to $450.00 and gave the stock a “buy” rating in a report on Thursday. Robert W. Baird reaffirmed a “neutral” rating and issued a $430.00 target price (up from $390.00) on shares of CrowdStrike in a report on Monday, February 3rd. Needham & Company LLC lifted their target price on shares of CrowdStrike from $360.00 to $420.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Finally, Cantor Fitzgerald lifted their target price on shares of CrowdStrike from $350.00 to $370.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $389.50.

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.