Commerzbank Aktiengesellschaft FI Purchases 621 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Commerzbank Aktiengesellschaft FI grew its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 71.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,495 shares of the company’s stock after acquiring an additional 621 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in CrowdStrike were worth $523,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Empirical Asset Management LLC bought a new stake in shares of CrowdStrike in the 4th quarter worth approximately $11,310,000. Beacon Financial Advisory LLC bought a new position in shares of CrowdStrike during the 3rd quarter worth approximately $955,000. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of CrowdStrike by 10.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 846,189 shares of the company’s stock worth $237,331,000 after buying an additional 78,305 shares during the period. Hemenway Trust Co LLC lifted its position in shares of CrowdStrike by 356.8% during the 3rd quarter. Hemenway Trust Co LLC now owns 6,852 shares of the company’s stock worth $1,922,000 after buying an additional 5,352 shares during the period. Finally, Arcadia Investment Management Corp MI lifted its position in shares of CrowdStrike by 30.8% during the 4th quarter. Arcadia Investment Management Corp MI now owns 11,954 shares of the company’s stock worth $4,090,000 after buying an additional 2,814 shares during the period. Institutional investors own 71.16% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. The Goldman Sachs Group raised their target price on CrowdStrike from $372.00 to $415.00 and gave the stock a “buy” rating in a research report on Tuesday, December 24th. Morgan Stanley raised their target price on CrowdStrike from $390.00 to $429.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 19th. KeyCorp cut their target price on CrowdStrike from $480.00 to $450.00 and set an “overweight” rating for the company in a research report on Wednesday. Royal Bank of Canada lifted their price objective on CrowdStrike from $365.00 to $420.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Finally, Citigroup reiterated a “buy” rating on shares of CrowdStrike in a research report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $400.10.

Insider Buying and Selling at CrowdStrike

In other news, Director Sameer K. Gandhi sold 17,120 shares of the business’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $428.13, for a total value of $7,329,585.60. Following the sale, the director now directly owns 780,592 shares in the company, valued at $334,194,852.96. The trade was a 2.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $450.67, for a total value of $1,802,680.00. Following the completion of the sale, the insider now owns 94,214 shares in the company, valued at approximately $42,459,423.38. This trade represents a 4.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 100,315 shares of company stock valued at $38,387,254. Company insiders own 4.34% of the company’s stock.

CrowdStrike Stock Down 6.3 %

NASDAQ:CRWD opened at $365.44 on Thursday. CrowdStrike Holdings, Inc. has a 1 year low of $200.81 and a 1 year high of $455.59. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. The stock has a market cap of $90.01 billion, a price-to-earnings ratio of 716.56, a PEG ratio of 17.86 and a beta of 1.19. The stock has a 50-day moving average price of $387.84 and a two-hundred day moving average price of $338.02.

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.