CANADA LIFE ASSURANCE Co Increases Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

CANADA LIFE ASSURANCE Co grew its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 4.0% during the fourth quarter, HoldingsChannel reports. The fund owned 262,576 shares of the company’s stock after purchasing an additional 10,194 shares during the period. CANADA LIFE ASSURANCE Co’s holdings in CrowdStrike were worth $89,770,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of CrowdStrike by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 21,926,011 shares of the company’s stock worth $7,502,204,000 after purchasing an additional 342,294 shares during the last quarter. Jennison Associates LLC grew its stake in CrowdStrike by 6.9% during the 4th quarter. Jennison Associates LLC now owns 5,420,980 shares of the company’s stock worth $1,854,843,000 after buying an additional 352,180 shares during the last quarter. Geode Capital Management LLC increased its position in 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 buying an additional 124,984 shares during the period. Norges Bank purchased a new stake in CrowdStrike in the fourth quarter valued at approximately $1,111,542,000. Finally, FMR LLC boosted its holdings in shares of CrowdStrike by 15.0% in the fourth quarter. FMR LLC now owns 2,204,171 shares of the company’s stock valued at $754,179,000 after acquiring an additional 287,960 shares during the period. Institutional investors and hedge funds own 71.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CRWD. Stephens assumed coverage on shares of CrowdStrike in a research report on Tuesday, April 1st. They issued an “overweight” rating and a $450.00 price target for the company. JPMorgan Chase & Co. increased their target price on shares of CrowdStrike from $418.00 to $450.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. Westpark Capital restated a “hold” rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Wedbush increased their price objective on CrowdStrike from $390.00 to $395.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 5th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $440.00 target price on shares of CrowdStrike in a report on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, thirty have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $400.53.

Insider Activity

In other news, President Michael Sentonas sold 13,543 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 transaction of $4,856,790.66. Following the sale, the president now owns 405,308 shares in the company, valued at $145,351,554.96. This trade 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 available through this link. Also, CEO George Kurtz sold 22,449 shares of the stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $358.68, for a total value of $8,052,007.32. Following the transaction, the chief executive officer now owns 2,178,452 shares in the company, valued at $781,367,163.36. This trade represents a 1.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 119,401 shares of company stock valued at $45,119,220 over the last 90 days. Insiders own 4.34% of the company’s stock.

CrowdStrike Trading Down 1.1 %

Shares of CRWD stock opened at $375.62 on Friday. CrowdStrike Holdings, Inc. has a twelve month low of $200.81 and a twelve month high of $455.59. The company has a market capitalization of $93.11 billion, a price-to-earnings ratio of 736.52, a PEG ratio of 17.86 and a beta of 1.28. The firm has a 50-day moving average price of $376.90 and a 200 day moving average price of $357.06. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24.

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.