CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Stake Lifted by Crystal Rock Capital Management

Crystal Rock Capital Management raised its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 33.7% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 6,350 shares of the company’s stock after buying an additional 1,600 shares during the quarter. CrowdStrike makes up about 1.3% of Crystal Rock Capital Management’s investment portfolio, making the stock its 22nd largest holding. Crystal Rock Capital Management’s holdings in CrowdStrike were worth $2,173,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Jennison Associates LLC increased its position in CrowdStrike by 25.0% in the 3rd quarter. Jennison Associates LLC now owns 5,068,800 shares of the company’s stock valued at $1,421,646,000 after acquiring an additional 1,013,161 shares during the period. Daiwa Securities Group Inc. grew its stake in shares of CrowdStrike by 1,655.9% in the third quarter. Daiwa Securities Group Inc. now owns 755,951 shares of the company’s stock worth $212,021,000 after purchasing an additional 712,900 shares in the last quarter. State Street Corp increased its holdings in shares of CrowdStrike by 2.9% during the third quarter. State Street Corp now owns 9,630,776 shares of the company’s stock valued at $2,701,144,000 after purchasing an additional 275,717 shares during the period. Whale Rock Capital Management LLC bought a new stake in shares of CrowdStrike during the third quarter valued at about $69,280,000. Finally, Assenagon Asset Management S.A. lifted its stake in shares of CrowdStrike by 41.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 737,184 shares of the company’s stock worth $252,235,000 after acquiring an additional 215,986 shares during the period. Institutional investors and hedge funds own 71.16% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Susquehanna boosted their target price on CrowdStrike from $310.00 to $400.00 and gave the stock a “positive” rating in a report on Wednesday, November 27th. Wells Fargo & Company boosted their price objective on CrowdStrike from $350.00 to $400.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. Mizuho raised their price objective on shares of CrowdStrike from $385.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday, February 12th. Oppenheimer increased their target price on shares of CrowdStrike from $365.00 to $410.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Finally, Cantor Fitzgerald lifted their price target on shares of CrowdStrike from $350.00 to $370.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have issued a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $387.08.

CrowdStrike Stock Performance

CRWD opened at $394.56 on Thursday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. The company has a market cap of $97.18 billion, a PE ratio of 773.66, a price-to-earnings-growth ratio of 17.86 and a beta of 1.16. The stock has a 50-day moving average of $385.81 and a 200-day moving average of $333.53. CrowdStrike Holdings, Inc. has a 52-week low of $200.81 and a 52-week high of $455.59.

Insiders Place Their Bets

In other CrowdStrike news, Director Gerhard Watzinger sold 30,000 shares of the company’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $348.93, for a total transaction of $10,467,900.00. Following the completion of the sale, the director now directly owns 42,391 shares in the company, valued at $14,791,491.63. This represents a 41.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 completion of the transaction, the insider now owns 94,214 shares in the company, valued at $42,459,423.38. The trade was a 4.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 136,565 shares of company stock valued at $51,038,529 over the last 90 days. 4.34% of the stock is currently owned by company insiders.

CrowdStrike Company 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.