CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Acquired by Titleist Asset Management LLC

Titleist Asset Management LLC boosted its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 7.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,651 shares of the company’s stock after purchasing an additional 456 shares during the quarter. Titleist Asset Management LLC’s holdings in CrowdStrike were worth $2,276,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in CRWD. Vanguard Group Inc. grew its position in shares of CrowdStrike by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 21,926,011 shares of the company’s stock valued at $7,502,204,000 after buying an additional 342,294 shares during the last quarter. Jennison Associates LLC boosted its stake in CrowdStrike by 6.9% in the fourth quarter. Jennison Associates LLC now owns 5,420,980 shares of the company’s stock valued at $1,854,843,000 after acquiring an additional 352,180 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of CrowdStrike by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 5,018,441 shares of the company’s stock worth $1,712,063,000 after purchasing an additional 124,984 shares during the last quarter. Norges Bank acquired a new stake in shares of CrowdStrike during the fourth quarter worth about $1,111,542,000. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of CrowdStrike by 4.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,419,075 shares of the company’s stock valued at $485,551,000 after purchasing an additional 64,581 shares during the period. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CRWD has been the topic of a number of research reports. Wedbush raised their price target on CrowdStrike from $390.00 to $395.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 5th. DA Davidson raised their target price on shares of CrowdStrike from $395.00 to $415.00 and gave the stock a “buy” rating in a research report on Wednesday, March 5th. Bank of America increased their price target on shares of CrowdStrike from $400.00 to $420.00 and gave the stock a “buy” rating in a research note on Wednesday, February 26th. Canaccord Genuity Group lifted their price objective on shares of CrowdStrike from $370.00 to $420.00 and gave the company a “buy” rating in a research note on Monday, March 3rd. Finally, Mizuho increased their target price on shares of CrowdStrike from $385.00 to $450.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 12th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $400.88.

Insider Activity

In other news, Director Sameer K. Gandhi sold 6,250 shares of the company’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $412.39, for a total value of $2,577,437.50. Following the sale, the director now directly owns 805,592 shares in the company, valued at $332,218,084.88. This represents a 0.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $354.91, for a total value of $1,419,640.00. Following the sale, the insider now owns 98,214 shares of the company’s stock, valued at approximately $34,857,130.74. This represents a 3.91 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 114,551 shares of company stock worth $43,527,642 over the last ninety days. 4.34% of the stock is currently owned by insiders.

CrowdStrike Price Performance

Shares of NASDAQ CRWD opened at $321.63 on Friday. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. The stock has a market cap of $79.72 billion, a price-to-earnings ratio of 630.66, a PEG ratio of 17.86 and a beta of 1.28. The company’s 50-day moving average price is $386.18 and its 200 day moving average price is $351.96. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week 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.