Whittier Trust Co. of Nevada Inc. Grows Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 6.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,375 shares of the company’s stock after acquiring an additional 611 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in CrowdStrike were worth $3,550,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Daiwa Securities Group Inc. lifted its holdings in shares of CrowdStrike by 1,655.9% during the third quarter. Daiwa Securities Group Inc. now owns 755,951 shares of the company’s stock valued at $212,021,000 after purchasing an additional 712,900 shares during the last quarter. Raymond James Financial Inc. bought a new position in CrowdStrike during the 4th quarter valued at approximately $237,375,000. Amundi raised its stake in CrowdStrike by 41.9% during the fourth quarter. Amundi now owns 1,382,952 shares of the company’s stock valued at $496,093,000 after buying an additional 408,190 shares during the last quarter. Jennison Associates LLC boosted its holdings in CrowdStrike by 6.9% in the fourth quarter. Jennison Associates LLC now owns 5,420,980 shares of the company’s stock worth $1,854,843,000 after acquiring an additional 352,180 shares in the last quarter. Finally, State Street Corp grew its stake in shares of CrowdStrike by 2.9% in the third quarter. State Street Corp now owns 9,630,776 shares of the company’s stock worth $2,701,144,000 after acquiring an additional 275,717 shares during the last quarter. Institutional investors own 71.16% of the company’s stock.

Insider Buying and Selling at CrowdStrike

In other news, CFO Burt W. Podbere sold 11,217 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $358.14, for a total transaction of $4,017,256.38. Following the sale, the chief financial officer now directly owns 290,711 shares of the company’s stock, valued at $104,115,237.54. This represents a 3.72 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Michael Sentonas sold 10,801 shares of the firm’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $358.47, for a total transaction of $3,871,834.47. Following the completion of the transaction, the president now directly owns 389,589 shares of the company’s stock, valued at approximately $139,655,968.83. This trade represents a 2.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 100,315 shares of company stock valued at $38,319,124 in the last 90 days. Insiders own 4.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on CRWD shares. Wells Fargo & Company upped their price target on shares of CrowdStrike from $400.00 to $430.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 5th. JPMorgan Chase & Co. increased their price target on shares of CrowdStrike from $418.00 to $450.00 and gave the company an “overweight” rating in a report on Friday, February 28th. Mizuho boosted their price objective on shares of CrowdStrike from $385.00 to $450.00 and gave the stock an “outperform” rating in a report on Wednesday, February 12th. Jefferies Financial Group cut their target price on CrowdStrike from $450.00 to $425.00 and set a “buy” rating on the stock in a research note on Wednesday, March 5th. Finally, Westpark Capital restated a “hold” rating on shares of CrowdStrike in a research note on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $399.51.

CrowdStrike Price Performance

Shares of NASDAQ:CRWD opened at $362.24 on Friday. The firm has a market cap of $89.79 billion, a price-to-earnings ratio of 710.29, a P/E/G ratio of 17.86 and a beta of 1.19. The firm has a fifty day moving average price of $386.53 and a 200 day moving average price of $344.11. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $455.59. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86.

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.