David J Yvars Group Invests $3.71 Million in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

David J Yvars Group acquired a new stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWDFree Report) during the first quarter, HoldingsChannel.com reports. The fund acquired 11,572 shares of the company’s stock, valued at approximately $3,710,000. CrowdStrike comprises about 2.5% of David J Yvars Group’s investment portfolio, making the stock its 14th largest position.

A number of other institutional investors have also made changes to their positions in CRWD. Vanguard Group Inc. raised its position in shares of CrowdStrike by 7.0% in the fourth quarter. Vanguard Group Inc. now owns 15,746,120 shares of the company’s stock valued at $4,020,299,000 after purchasing an additional 1,028,405 shares during the period. Jennison Associates LLC grew its stake in CrowdStrike by 33.2% in the 4th quarter. Jennison Associates LLC now owns 6,340,819 shares of the company’s stock valued at $1,618,938,000 after buying an additional 1,581,796 shares during the last quarter. Morgan Stanley raised its holdings in CrowdStrike by 124.4% in the 3rd quarter. Morgan Stanley now owns 4,973,809 shares of the company’s stock worth $832,516,000 after acquiring an additional 2,757,251 shares during the period. Ameriprise Financial Inc. lifted its position in CrowdStrike by 17.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,768,332 shares of the company’s stock worth $463,482,000 after acquiring an additional 419,619 shares during the last quarter. Finally, Norges Bank bought a new stake in CrowdStrike during the fourth quarter valued at about $683,336,000. 71.16% of the stock is owned by institutional investors.

CrowdStrike Price Performance

Shares of NASDAQ CRWD traded down $1.51 during mid-day trading on Friday, hitting $380.63. 54,077,448 shares of the stock were exchanged, compared to its average volume of 5,469,505. CrowdStrike Holdings, Inc. has a twelve month low of $139.37 and a twelve month high of $394.64. The stock’s fifty day simple moving average is $332.62 and its two-hundred day simple moving average is $309.05. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.80 and a current ratio of 1.80. The company has a market cap of $92.63 billion, a P/E ratio of 718.17, a PEG ratio of 19.09 and a beta of 1.08.

Insider Activity at CrowdStrike

In related news, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $308.79, for a total transaction of $1,235,160.00. Following the transaction, the insider now owns 208,961 shares in the company, valued at approximately $64,525,067.19. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director Sameer K. Gandhi sold 15,000 shares of the business’s stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $316.82, for a total transaction of $4,752,300.00. Following the completion of the sale, the director now owns 839,234 shares in the company, valued at $265,886,115.88. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $308.79, for a total value of $1,235,160.00. Following the completion of the transaction, the insider now owns 208,961 shares in the company, valued at approximately $64,525,067.19. The disclosure for this sale can be found here. Insiders sold 182,742 shares of company stock valued at $57,672,688 in the last three months. Corporate insiders own 4.34% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CRWD. Truist Financial boosted their price objective on CrowdStrike from $350.00 to $400.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. FBN Securities raised CrowdStrike to a “strong-buy” rating in a research report on Wednesday, June 5th. HSBC boosted their target price on shares of CrowdStrike from $411.00 to $412.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Cantor Fitzgerald reissued an “overweight” rating and issued a $400.00 price target on shares of CrowdStrike in a report on Friday. Finally, BTIG Research decreased their price target on shares of CrowdStrike from $432.00 to $402.00 and set a “buy” rating on the stock in a research report on Wednesday, June 5th. One equities research analyst has rated the stock with a hold rating, thirty-seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, CrowdStrike presently has a consensus rating of “Buy” and a consensus target price of $380.62.

Read Our Latest Stock Analysis on CRWD

CrowdStrike Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding CRWD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CrowdStrike Holdings, Inc. (NASDAQ:CRWDFree Report).

Institutional Ownership by Quarter for CrowdStrike (NASDAQ:CRWD)

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