Orion Portfolio Solutions LLC Has $3.35 Million Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Orion Portfolio Solutions LLC grew its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 70.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 9,798 shares of the company’s stock after purchasing an additional 4,044 shares during the period. Orion Portfolio Solutions LLC’s holdings in CrowdStrike were worth $3,353,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Nomura Asset Management Co. Ltd. increased its holdings in CrowdStrike by 1.2% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 75,381 shares of the company’s stock valued at $25,792,000 after purchasing an additional 930 shares during the period. Boussard & Gavaudan Investment Management LLP bought a new stake in shares of CrowdStrike in the 4th quarter valued at about $19,210,000. Norges Bank acquired a new stake in shares of CrowdStrike in the fourth quarter valued at about $1,111,542,000. Blair William & Co. IL raised its position in shares of CrowdStrike by 28.9% during the fourth quarter. Blair William & Co. IL now owns 154,585 shares of the company’s stock worth $52,893,000 after acquiring an additional 34,646 shares during the last quarter. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd lifted its stake in shares of CrowdStrike by 6.5% in the fourth quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 17,312 shares of the company’s stock worth $5,923,000 after acquiring an additional 1,060 shares during the period. 71.16% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, President Michael Sentonas sold 13,543 shares of the company’s stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $358.62, for a total value of $4,856,790.66. Following the transaction, the president now owns 405,308 shares in the company, valued at approximately $145,351,554.96. This represents a 3.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Anurag Saha sold 1,496 shares of the firm’s stock in a transaction on Friday, March 21st. The stock was sold at an average price of $358.62, for a total value of $536,495.52. Following the completion of the sale, the chief accounting officer now directly owns 36,165 shares of the company’s stock, valued at $12,969,492.30. This represents a 3.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 110,801 shares of company stock valued at $42,092,255. Insiders own 4.34% of the company’s stock.

CrowdStrike Price Performance

Shares of NASDAQ CRWD opened at $352.58 on Tuesday. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $87.40 billion, a PE ratio of 691.35, a PEG ratio of 17.86 and a beta of 1.19. The stock’s 50 day moving average price is $388.06 and its 200-day moving average price is $350.16. CrowdStrike Holdings, Inc. has a twelve month low of $200.81 and a twelve month high of $455.59.

Wall Street Analysts Forecast Growth

CRWD has been the subject of several analyst reports. Royal Bank of Canada restated an “outperform” rating on shares of CrowdStrike in a report on Wednesday, March 5th. Barclays lowered their target price on shares of CrowdStrike from $506.00 to $475.00 and set an “overweight” rating for the company in a research note on Wednesday, March 5th. Robert W. Baird cut their price target on shares of CrowdStrike from $440.00 to $405.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 5th. Truist Financial lowered their price objective on CrowdStrike from $460.00 to $450.00 and set a “buy” rating for the company in a research report on Monday. Finally, Wells Fargo & Company upped their target price on CrowdStrike from $400.00 to $430.00 and gave the company an “overweight” rating in a research report on Wednesday, March 5th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, CrowdStrike has a consensus rating of “Moderate Buy” and a consensus target price of $399.62.

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.