Zevenbergen Capital Investments LLC Raises Stock Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Zevenbergen Capital Investments LLC increased its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 2.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 296,342 shares of the company’s stock after purchasing an additional 7,722 shares during the quarter. CrowdStrike accounts for 2.1% of Zevenbergen Capital Investments LLC’s holdings, making the stock its 15th biggest holding. Zevenbergen Capital Investments LLC owned approximately 0.12% of CrowdStrike worth $101,396,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of CRWD. Berbice Capital Management LLC purchased a new stake in shares of CrowdStrike during the 4th quarter worth $27,000. FPC Investment Advisory Inc. increased its position in shares of CrowdStrike by 811.1% during the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock worth $28,000 after purchasing an additional 73 shares in the last quarter. Fortitude Family Office LLC boosted its stake in CrowdStrike by 112.8% during the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock worth $28,000 after buying an additional 44 shares during the last quarter. Crowley Wealth Management Inc. acquired a new position in CrowdStrike during the fourth quarter worth $34,000. Finally, Luken Investment Analytics LLC acquired a new position in shares of CrowdStrike in the 4th quarter valued at $34,000. 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 firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $345.65, for a total value of $2,160,312.50. Following the transaction, the director now directly owns 811,842 shares of the company’s stock, valued at approximately $280,613,187.30. This trade represents a 0.76 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Anurag Saha sold 2,858 shares of the firm’s stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $364.29, for a total value of $1,041,140.82. Following the completion of the sale, the chief accounting officer now directly owns 38,201 shares in the company, valued at $13,916,242.29. This trade represents a 6.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 52,858 shares of company stock valued at $21,288,706 over the last 90 days. 4.34% of the stock is currently owned by corporate insiders.

CrowdStrike Stock Down 1.8 %

NASDAQ CRWD opened at $362.24 on Monday. The stock has a market cap of $89.79 billion, a PE ratio of 710.29, a P/E/G ratio of 17.86 and a beta of 1.19. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $455.59. The business has a 50 day moving average price of $386.53 and a two-hundred day moving average price of $345.25. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on CRWD shares. Jefferies Financial Group cut their price target on CrowdStrike from $450.00 to $425.00 and set a “buy” rating on the stock in a report on Wednesday, March 5th. KeyCorp reduced their price target on CrowdStrike from $480.00 to $450.00 and set an “overweight” rating for the company in a report on Wednesday, March 5th. Royal Bank of Canada reissued an “outperform” rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Guggenheim restated a “neutral” rating on shares of CrowdStrike in a report on Wednesday, March 5th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $440.00 target price on shares of CrowdStrike in a report on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $399.51.

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.