Allianz SE Takes $2.59 Million Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Allianz SE acquired a new position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 7,405 shares of the company’s stock, valued at approximately $2,587,000.

Several other large investors have also made changes to their positions in the business. WealthTrak Capital Management LLC acquired a new position in shares of CrowdStrike during the fourth quarter worth approximately $39,000. Allstate Corp bought a new position in CrowdStrike during the fourth quarter worth $2,353,000. Maridea Wealth Management LLC acquired a new position in CrowdStrike during the 4th quarter valued at $544,000. Brown Brothers Harriman & Co. boosted its holdings in CrowdStrike by 200.4% in the 4th quarter. Brown Brothers Harriman & Co. now owns 763 shares of the company’s stock valued at $261,000 after purchasing an additional 509 shares during the period. Finally, Level Four Advisory Services LLC grew its position in CrowdStrike by 24.9% in the 4th quarter. Level Four Advisory Services LLC now owns 2,792 shares of the company’s stock worth $955,000 after purchasing an additional 557 shares during the last quarter. Institutional investors and hedge funds own 71.16% of the company’s stock.

CrowdStrike Stock Performance

Shares of CRWD stock opened at $357.11 on Friday. The stock has a market cap of $88.52 billion, a PE ratio of 700.23, a price-to-earnings-growth ratio of 17.86 and a beta of 1.19. The stock has a 50-day moving average of $388.15 and a 200-day moving average of $348.82. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. CrowdStrike Holdings, Inc. has a one year low of $200.81 and a one year high of $455.59.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CRWD. Morgan Stanley set a $429.00 price objective on shares of CrowdStrike in a research report on Tuesday, March 18th. UBS Group reduced their price objective on CrowdStrike from $450.00 to $425.00 and set a “buy” rating for the company in a research report on Wednesday, March 5th. Canaccord Genuity Group boosted their price objective on CrowdStrike from $370.00 to $420.00 and gave the company a “buy” rating in a research report on Monday, March 3rd. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $440.00 target price on shares of CrowdStrike in a research report on Wednesday, March 5th. Finally, Jefferies Financial Group lowered their price target on shares of CrowdStrike from $450.00 to $425.00 and set a “buy” rating on the stock in a report on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, CrowdStrike has an average rating of “Moderate Buy” and a consensus target price of $400.26.

Insider Buying and Selling at CrowdStrike

In related news, Director Sameer K. Gandhi sold 6,250 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $345.65, for a total value of $2,160,312.50. Following the completion of the sale, the director now owns 811,842 shares in the company, valued at $280,613,187.30. This represents a 0.76 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Shawn Henry sold 4,500 shares of CrowdStrike stock in a transaction dated 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 transaction, the insider now 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 90 days, insiders sold 110,801 shares of company stock valued at $42,092,255. Corporate insiders own 4.34% of the company’s stock.

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.