Meiji Yasuda Asset Management Co Ltd. Raises Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Meiji Yasuda Asset Management Co Ltd. boosted its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 56.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,816 shares of the company’s stock after purchasing an additional 4,599 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in CrowdStrike were worth $4,385,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Berbice Capital Management LLC bought a new position in CrowdStrike during the 4th quarter valued at approximately $27,000. Fortitude Family Office LLC increased its holdings in shares of CrowdStrike by 112.8% during the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock valued at $28,000 after acquiring an additional 44 shares in the last quarter. FPC Investment Advisory Inc. raised its position in shares of CrowdStrike by 811.1% in the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock worth $28,000 after purchasing an additional 73 shares during the last quarter. Luken Investment Analytics LLC bought a new position in CrowdStrike in the 4th quarter worth about $34,000. Finally, Crowley Wealth Management Inc. purchased a new stake in CrowdStrike during the 4th quarter valued at about $34,000. Institutional investors own 71.16% of the company’s stock.

Insider Buying and Selling at CrowdStrike

In related news, President Michael Sentonas sold 13,543 shares of the 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 transaction, the president now directly owns 405,308 shares of the company’s stock, valued at approximately $145,351,554.96. This represents a 3.23 % decrease in their ownership of the stock. The sale was disclosed in a 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 transaction, the chief accounting officer now owns 38,201 shares of the company’s stock, valued at $13,916,242.29. This represents a 6.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 113,659 shares of company stock valued at $43,133,396 in the last 90 days. Insiders own 4.34% of the company’s stock.

CrowdStrike Price Performance

Shares of NASDAQ:CRWD opened at $384.95 on Wednesday. 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 firm has a market cap of $95.42 billion, a price-to-earnings ratio of 754.82, a P/E/G ratio of 17.86 and a beta of 1.19. The firm has a fifty day moving average price of $387.90 and a 200 day moving average price of $347.04. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $455.59.

Analysts Set New Price Targets

CRWD has been the topic of several analyst reports. Canaccord Genuity Group upped their target price on shares of CrowdStrike from $370.00 to $420.00 and gave the stock a “buy” rating in a research note on Monday, March 3rd. Oppenheimer increased their target price on CrowdStrike from $365.00 to $410.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. The Goldman Sachs Group restated a “buy” rating on shares of CrowdStrike in a research note on Wednesday, March 5th. Barclays dropped their price objective on CrowdStrike from $506.00 to $475.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 5th. Finally, Scotiabank reissued a “sector perform” rating on shares of CrowdStrike in a research report on Wednesday, February 5th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirty have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, CrowdStrike currently has a consensus rating of “Moderate Buy” and a consensus price target of $400.26.

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.