CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Purchased by Davis R M Inc.

Davis R M Inc. raised its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 15.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,030 shares of the company’s stock after acquiring an additional 134 shares during the period. Davis R M Inc.’s holdings in CrowdStrike were worth $352,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. State Street Corp lifted its holdings in CrowdStrike by 2.9% in the third 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 last quarter. Jennison Associates LLC raised its position in CrowdStrike by 6.9% in the fourth quarter. Jennison Associates LLC now owns 5,420,980 shares of the company’s stock valued at $1,854,843,000 after purchasing an additional 352,180 shares during the period. Geode Capital Management LLC lifted its stake in shares of CrowdStrike by 2.0% in 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 purchasing an additional 97,990 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of 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 worth $440,461,000 after purchasing an additional 171,861 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in shares of CrowdStrike by 4.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,419,075 shares of the company’s stock worth $485,551,000 after purchasing an additional 64,581 shares during the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Insider Activity at CrowdStrike

In related news, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $345.65, for a total transaction of $2,160,312.50. Following the completion of the sale, the director now owns 811,842 shares in the company, valued at $280,613,187.30. This represents a 0.76 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Shawn Henry sold 4,500 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $368.14, for a total transaction of $1,656,630.00. Following the transaction, the insider now directly owns 115,798 shares in the company, valued at $42,629,875.72. The trade was a 3.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 100,315 shares of company stock valued at $38,387,254 in the last three months. 4.34% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Truist Financial upped their target price on shares of CrowdStrike from $385.00 to $460.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. DA Davidson upped their price objective on shares of CrowdStrike from $395.00 to $415.00 and gave the stock a “buy” rating in a report on Wednesday, March 5th. Raymond James downgraded shares of CrowdStrike from an “outperform” rating to a “cautious” rating in a report on Monday. Wedbush upped their price target on CrowdStrike from $390.00 to $395.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 5th. Finally, CICC Research assumed coverage on CrowdStrike in a research report on Monday, November 18th. They set a “market perform” rating and a $295.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, thirty have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, CrowdStrike has a consensus rating of “Moderate Buy” and a consensus target price of $398.78.

CrowdStrike Stock Performance

Shares of CRWD stock opened at $329.75 on Wednesday. The stock’s 50-day moving average is $386.01 and its two-hundred day moving average is $340.21. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. CrowdStrike Holdings, Inc. has a 1 year low of $200.81 and a 1 year high of $455.59. The firm has a market cap of $81.22 billion, a price-to-earnings ratio of 646.58, a PEG ratio of 17.86 and a beta of 1.19.

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.