Vanguard Group Inc. Boosts Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Vanguard Group Inc. lifted its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 1.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,926,011 shares of the company’s stock after purchasing an additional 342,294 shares during the quarter. Vanguard Group Inc. owned 0.09% of CrowdStrike worth $7,502,204,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Jacobi Capital Management LLC grew 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 worth $448,000 after purchasing an additional 25 shares in the last quarter. Dorsey & Whitney Trust CO LLC grew its holdings in shares of CrowdStrike by 1.4% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 1,974 shares of the company’s stock worth $675,000 after purchasing an additional 27 shares in the last quarter. Wintrust Investments LLC grew its holdings in shares of CrowdStrike by 4.2% during the fourth quarter. Wintrust Investments LLC now owns 719 shares of the company’s stock worth $246,000 after purchasing an additional 29 shares in the last quarter. Synergy Financial Group LTD grew its holdings in shares of CrowdStrike by 0.8% during the third quarter. Synergy Financial Group LTD now owns 3,950 shares of the company’s stock worth $1,108,000 after purchasing an additional 30 shares in the last quarter. Finally, Greenwich Wealth Management LLC grew its holdings in shares of CrowdStrike by 4.0% during the fourth quarter. Greenwich Wealth Management LLC now owns 776 shares of the company’s stock worth $265,000 after purchasing an additional 30 shares in the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.

CrowdStrike Trading Down 1.8 %

NASDAQ CRWD opened at $362.24 on Monday. CrowdStrike Holdings, Inc. has a 12 month low of $200.81 and a 12 month high of $455.59. The stock has a market cap of $89.79 billion, a P/E ratio of 710.29, a P/E/G ratio of 17.86 and a beta of 1.19. The stock’s fifty day moving average price is $386.53 and its 200-day moving average price is $345.25. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24.

Insider Transactions at CrowdStrike

In other news, Director Sameer K. Gandhi sold 17,120 shares of the stock in a transaction on 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 of the company’s stock, valued at approximately $334,194,852.96. This represents a 2.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Shawn Henry sold 4,500 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $353.00, for a total value of $1,588,500.00. Following the completion of the sale, the insider now directly owns 89,714 shares in the company, valued at approximately $31,669,042. This represents a 4.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 52,858 shares of company stock valued at $21,288,706. Insiders own 4.34% of the company’s stock.

Wall Street Analysts Forecast Growth

CRWD has been the subject of several recent analyst reports. Robert W. Baird cut their price objective on CrowdStrike from $440.00 to $405.00 and set a “neutral” rating for the company in a report on Wednesday, March 5th. Bank of America boosted their price objective on CrowdStrike from $400.00 to $420.00 and gave the stock a “buy” rating in a report on Wednesday, February 26th. BMO Capital Markets boosted their target price on CrowdStrike from $380.00 to $405.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 5th. Royal Bank of Canada restated an “outperform” rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Finally, Baird R W downgraded CrowdStrike from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 3rd. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, CrowdStrike currently has an average rating of “Moderate Buy” and an average price target of $399.51.

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.