Investment Management Corp of Ontario Purchases 2,500 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Investment Management Corp of Ontario increased its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 48.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,673 shares of the company’s stock after acquiring an additional 2,500 shares during the period. Investment Management Corp of Ontario’s holdings in CrowdStrike were worth $2,152,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Jennison Associates LLC increased its holdings in CrowdStrike by 25.0% during the 3rd quarter. Jennison Associates LLC now owns 5,068,800 shares of the company’s stock worth $1,421,646,000 after acquiring an additional 1,013,161 shares during the period. Legal & General Group Plc increased its holdings in shares of CrowdStrike by 3.0% in the 2nd quarter. Legal & General Group Plc now owns 2,049,704 shares of the company’s stock worth $785,425,000 after buying an additional 60,607 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of CrowdStrike by 4.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,817,387 shares of the company’s stock worth $696,471,000 after buying an additional 77,100 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of CrowdStrike by 47.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,753,252 shares of the company’s stock worth $671,828,000 after buying an additional 564,662 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of CrowdStrike by 12.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,570,440 shares of the company’s stock worth $440,461,000 after buying an additional 171,861 shares during the last quarter. Institutional investors own 71.16% of the company’s stock.

Analyst Ratings Changes

CRWD has been the topic of a number of research analyst reports. Raymond James decreased their price target on shares of CrowdStrike from $380.00 to $275.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. UBS Group decreased their price target on shares of CrowdStrike from $330.00 to $310.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. Oppenheimer increased their price target on shares of CrowdStrike from $365.00 to $410.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Citigroup upped their price objective on shares of CrowdStrike from $300.00 to $400.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Finally, HSBC cut shares of CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 price objective for the company. in a research note on Wednesday, November 27th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $355.80.

CrowdStrike Stock Up 4.1 %

Shares of CrowdStrike stock opened at $364.16 on Thursday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.90. The company has a 50-day moving average of $319.66 and a 200 day moving average of $313.31. The firm has a market cap of $89.27 billion, a price-to-earnings ratio of 714.04, a PEG ratio of 18.62 and a beta of 1.11. CrowdStrike Holdings, Inc. has a 1 year low of $200.81 and a 1 year high of $398.33.

Insider Buying and Selling

In other CrowdStrike news, CAO Anurag Saha sold 1,683 shares of the firm’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $297.28, for a total transaction of $500,322.24. Following the completion of the sale, the chief accounting officer now directly owns 38,962 shares in the company, valued at approximately $11,582,623.36. This trade represents a 4.14 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Shawn Henry sold 4,500 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $260.73, for a total transaction of $1,173,285.00. Following the sale, the insider now owns 174,591 shares of the company’s stock, valued at approximately $45,521,111.43. This represents a 2.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 144,498 shares of company stock worth $45,116,385 in the last three months. 4.34% of the stock is owned by corporate insiders.

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.