AIA Group Ltd Purchases New Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

AIA Group Ltd acquired a new position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 772 shares of the company’s stock, valued at approximately $264,000.

A number of other institutional investors and hedge funds have also bought and sold shares of CRWD. Jacobi Capital Management LLC increased its stake in shares of CrowdStrike by 1.9% during the fourth quarter. Jacobi Capital Management LLC now owns 1,309 shares of the company’s stock valued at $448,000 after buying an additional 25 shares during the period. Dorsey & Whitney Trust CO LLC grew its holdings in CrowdStrike by 1.4% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 1,974 shares of the company’s stock worth $675,000 after acquiring an additional 27 shares in the last quarter. Wintrust Investments LLC raised its holdings in shares of CrowdStrike by 4.2% in the 4th quarter. Wintrust Investments LLC now owns 719 shares of the company’s stock valued at $246,000 after purchasing an additional 29 shares in the last quarter. Synergy Financial Group LTD lifted its position in shares of CrowdStrike by 0.8% in the 3rd quarter. Synergy Financial Group LTD now owns 3,950 shares of the company’s stock worth $1,108,000 after purchasing an additional 30 shares during the period. Finally, Greenwich Wealth Management LLC boosted its stake in shares of CrowdStrike by 4.0% during the fourth quarter. Greenwich Wealth Management LLC now owns 776 shares of the company’s stock valued at $265,000 after purchasing an additional 30 shares in the last quarter. 71.16% of the stock is owned by institutional investors.

CrowdStrike Price Performance

Shares of CrowdStrike stock opened at $362.38 on Wednesday. The firm has a market cap of $89.82 billion, a PE ratio of 710.56, a P/E/G ratio of 17.86 and a beta of 1.19. The business has a 50-day moving average price of $387.98 and a 200 day moving average price of $350.89. 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 twelve month low of $200.81 and a twelve month high of $455.59.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Evercore ISI upped their target price on CrowdStrike from $400.00 to $450.00 and gave the stock an “outperform” rating in a report on Wednesday, March 5th. Canaccord Genuity Group upped their price objective on CrowdStrike from $370.00 to $420.00 and gave the stock a “buy” rating in a research note on Monday, March 3rd. Morgan Stanley set a $429.00 price objective on CrowdStrike in a research report on Tuesday, March 18th. Jefferies Financial Group reduced their target price on shares of CrowdStrike from $425.00 to $410.00 and set a “buy” rating for the company in a report on Monday. Finally, BMO Capital Markets raised their price target on shares of CrowdStrike from $380.00 to $405.00 and gave the company an “outperform” rating in a report on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $400.88.

Insider Activity

In other news, CEO George Kurtz sold 22,449 shares of the firm’s stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $358.68, for a total value of $8,052,007.32. Following the transaction, the chief executive officer now owns 2,178,452 shares in the company, valued at $781,367,163.36. This trade represents a 1.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Shawn Henry sold 2,547 shares of CrowdStrike stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $365.96, for a total value of $932,100.12. Following the completion of the sale, the insider now directly owns 82,071 shares in the company, valued at $30,034,703.16. This represents a 3.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 110,801 shares of company stock worth $42,092,255 over the last three months. 4.34% of the stock is currently owned by corporate 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.