CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Bought by Franklin Resources Inc.

Franklin Resources Inc. increased its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 36.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 1,378,856 shares of the company’s stock after buying an additional 368,931 shares during the period. Franklin Resources Inc.’s holdings in CrowdStrike were worth $471,789,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Glenmede Trust Co. NA boosted its position in CrowdStrike by 119.1% during the 3rd quarter. Glenmede Trust Co. NA now owns 2,927 shares of the company’s stock worth $821,000 after acquiring an additional 1,591 shares during the period. Caisse DE Depot ET Placement DU Quebec lifted its stake in shares of CrowdStrike by 20.5% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 139,602 shares of the company’s stock valued at $39,154,000 after purchasing an additional 23,715 shares during the last quarter. Cobblestone Capital Advisors LLC NY bought a new stake in shares of CrowdStrike during the 3rd quarter worth about $298,000. FSA Wealth Management LLC acquired a new position in CrowdStrike during the third quarter valued at approximately $57,000. Finally, Kestra Investment Management LLC acquired a new position in CrowdStrike in the 3rd quarter valued at $592,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

Insider Activity at CrowdStrike

In related news, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $345.65, for a total value of $2,160,312.50. Following the sale, the director now owns 811,842 shares of the company’s stock, valued at approximately $280,613,187.30. The trade was a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Anurag Saha sold 2,141 shares of the stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $371.79, for a total value of $796,002.39. Following the completion of the sale, the chief accounting officer now directly owns 34,024 shares of the company’s stock, valued at approximately $12,649,782.96. The trade was a 5.92 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 110,801 shares of company stock valued at $42,092,255. 4.34% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. JPMorgan Chase & Co. lifted their price target on CrowdStrike from $418.00 to $450.00 and gave the stock an “overweight” rating in a research report on Friday, February 28th. Susquehanna lifted their price objective on CrowdStrike from $400.00 to $425.00 and gave the company a “positive” rating in a report on Wednesday, March 5th. Raymond James lowered shares of CrowdStrike from an “outperform” rating to a “cautious” rating in a report on Monday, March 10th. Mizuho lifted their price objective on CrowdStrike from $385.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday, February 12th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $440.00 target price on shares of CrowdStrike in a research note on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $399.62.

CrowdStrike Stock Performance

Shares of CrowdStrike stock opened at $352.58 on Tuesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. The firm has a market cap of $87.40 billion, a price-to-earnings ratio of 691.35, a price-to-earnings-growth ratio of 17.86 and a beta of 1.19. The stock’s 50-day moving average is $388.06 and its 200-day moving average is $350.16. CrowdStrike Holdings, Inc. has a one year low of $200.81 and a one year high of $455.59.

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.