10,606 Shares in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Purchased by Oddo BHF Asset Management Sas

Oddo BHF Asset Management Sas purchased a new stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the third quarter, according to the company in its most recent filing with the SEC. The fund purchased 10,606 shares of the company’s stock, valued at approximately $2,975,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CRWD. State Street Corp boosted its stake in shares of CrowdStrike by 2.9% in the 3rd quarter. State Street Corp now owns 9,630,776 shares of the company’s stock worth $2,701,144,000 after buying an additional 275,717 shares during the last quarter. Jennison Associates LLC increased its position in shares of CrowdStrike by 25.0% during the third quarter. Jennison Associates LLC now owns 5,068,800 shares of the company’s stock valued at $1,421,646,000 after acquiring an additional 1,013,161 shares during the last quarter. Geode Capital Management LLC lifted its holdings in CrowdStrike by 2.0% during the third quarter. Geode Capital Management LLC now owns 4,893,457 shares of the company’s stock worth $1,367,505,000 after acquiring an additional 97,990 shares during the period. Legal & General Group Plc boosted its position in CrowdStrike by 3.0% in the second quarter. Legal & General Group Plc now owns 2,049,704 shares of the company’s stock worth $785,425,000 after purchasing an additional 60,607 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its stake in CrowdStrike by 4.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,817,387 shares of the company’s stock valued at $696,471,000 after purchasing an additional 77,100 shares during the period. 71.16% of the stock is owned by institutional investors.

CrowdStrike Stock Performance

CrowdStrike stock opened at $368.02 on Friday. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $398.33. The stock has a market cap of $90.65 billion, a price-to-earnings ratio of 721.61, a PEG ratio of 19.48 and a beta of 1.11. The stock’s 50 day simple moving average is $330.62 and its two-hundred day simple moving average is $314.18. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Westpark Capital reissued a “hold” rating on shares of CrowdStrike in a research report on Monday, November 25th. Morgan Stanley boosted their price target on shares of CrowdStrike from $325.00 to $355.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Bank of America raised their price objective on shares of CrowdStrike from $365.00 to $400.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Stifel Nicolaus upped their price target on CrowdStrike from $300.00 to $375.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Finally, Susquehanna upped their price target on shares of CrowdStrike from $310.00 to $400.00 and gave the stock a “positive” rating in a report on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have given a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $355.80.

Insider Activity

In other CrowdStrike news, Director Sameer K. Gandhi sold 6,250 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $349.34, for a total transaction of $2,183,375.00. Following the completion of the transaction, the director now owns 809,266 shares of the company’s stock, valued at approximately $282,708,984.44. This trade represents a 0.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gerhard Watzinger sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $348.93, for a total value of $10,467,900.00. Following the completion of the sale, the director now directly owns 42,391 shares in the company, valued at approximately $14,791,491.63. This represents a 41.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 144,498 shares of company stock worth $45,116,385 in the last quarter. 4.34% of the stock is owned by company insiders.

CrowdStrike 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.