Daiwa Securities Group Inc. Acquires 77,439 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Daiwa Securities Group Inc. raised its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 10.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 833,390 shares of the company’s stock after acquiring an additional 77,439 shares during the quarter. CrowdStrike makes up approximately 1.3% of Daiwa Securities Group Inc.’s investment portfolio, making the stock its 23rd largest position. Daiwa Securities Group Inc. owned 0.34% of CrowdStrike worth $285,152,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in CRWD. Jacobi Capital Management LLC raised its holdings 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 purchasing an additional 25 shares during the period. Dorsey & Whitney Trust CO LLC increased its position in CrowdStrike by 1.4% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 1,974 shares of the company’s stock valued at $675,000 after buying an additional 27 shares in the last quarter. Synergy Financial Group LTD raised its stake in CrowdStrike by 0.8% during the 3rd quarter. Synergy Financial Group LTD now owns 3,950 shares of the company’s stock worth $1,108,000 after buying an additional 30 shares during the period. M3 Advisory Group LLC boosted its holdings in CrowdStrike by 2.8% in the fourth quarter. M3 Advisory Group LLC now owns 1,188 shares of the company’s stock worth $407,000 after acquiring an additional 32 shares in the last quarter. Finally, Advisor OS LLC boosted its holdings in CrowdStrike by 2.5% in the fourth quarter. Advisor OS LLC now owns 1,312 shares of the company’s stock worth $449,000 after acquiring an additional 32 shares in the last quarter. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,500 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $368.14, for a total value of $1,656,630.00. Following the sale, the insider now owns 115,798 shares of the company’s stock, valued at $42,629,875.72. This trade represents a 3.74 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Anurag Saha sold 1,863 shares of CrowdStrike stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $358.46, for a total value of $667,810.98. Following the sale, the chief accounting officer now owns 41,059 shares of the company’s stock, valued at approximately $14,718,009.14. This trade represents a 4.34 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 100,315 shares of company stock valued at $38,387,254. 4.34% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on CRWD. Oppenheimer upped their target price on CrowdStrike from $365.00 to $410.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. BMO Capital Markets upped their price objective on shares of CrowdStrike from $380.00 to $405.00 and gave the stock an “outperform” rating in a report on Wednesday, March 5th. Guggenheim reiterated a “neutral” rating on shares of CrowdStrike in a report on Wednesday, March 5th. JPMorgan Chase & Co. boosted their target price on shares of CrowdStrike from $418.00 to $450.00 and gave the stock an “overweight” rating in a research report on Friday, February 28th. Finally, Piper Sandler lifted their price target on CrowdStrike from $375.00 to $400.00 and gave the company an “overweight” rating in a research note on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, CrowdStrike presently has an average rating of “Moderate Buy” and a consensus target price of $400.10.

CrowdStrike Stock Performance

Shares of CRWD opened at $333.50 on Monday. 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 stock has a market capitalization of $82.14 billion, a price-to-earnings ratio of 653.93, a price-to-earnings-growth ratio of 17.86 and a beta of 1.19. CrowdStrike Holdings, Inc. has a 52-week low of $200.81 and a 52-week high of $455.59. The stock’s 50-day simple moving average is $387.07 and its 200 day simple moving average is $339.51.

CrowdStrike 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.