Empirical Asset Management LLC Purchases New Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Empirical Asset Management LLC purchased a new stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 33,055 shares of the company's stock, valued at approximately $11,310,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Jennison Associates LLC boosted its holdings in shares of CrowdStrike by 25.0% during the 3rd 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. International Assets Investment Management LLC lifted its position in CrowdStrike by 17,926.3% during the third quarter. International Assets Investment Management LLC now owns 925,831 shares of the company's stock valued at $259,668,000 after purchasing an additional 920,695 shares during the period. Daiwa Securities Group Inc. boosted its holdings in CrowdStrike by 1,655.9% in the third quarter. Daiwa Securities Group Inc. now owns 755,951 shares of the company's stock worth $212,021,000 after purchasing an additional 712,900 shares during the last quarter. Assenagon Asset Management S.A. grew its position in CrowdStrike by 248.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 521,198 shares of the company's stock worth $146,180,000 after purchasing an additional 371,695 shares during the period. Finally, State Street Corp raised its stake in CrowdStrike by 2.9% during the 3rd quarter. State Street Corp now owns 9,630,776 shares of the company's stock valued at $2,701,144,000 after buying an additional 275,717 shares during the last quarter. Institutional investors own 71.16% of the company's stock.

Insider Buying and Selling

In other CrowdStrike news, President Michael Sentonas sold 10,801 shares of the stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $358.47, for a total value of $3,871,834.47. Following the sale, the president now owns 389,589 shares in the company, valued at $139,655,968.83. This trade represents a 2.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Gerhard Watzinger sold 30,000 shares of CrowdStrike stock in a transaction 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 sale, the director now owns 42,391 shares of the company's stock, valued at approximately $14,791,491.63. This trade represents a 41.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 110,351 shares of company stock valued at $38,935,113 in the last ninety days. 4.34% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently commented on CRWD. Needham & Company LLC lifted their price objective on CrowdStrike from $360.00 to $420.00 and gave the stock a "buy" rating in a report on Wednesday, November 27th. The Goldman Sachs Group boosted their price target on CrowdStrike from $372.00 to $415.00 and gave the company a "buy" rating in a research note on Tuesday, December 24th. Rosenblatt Securities increased their price objective on shares of CrowdStrike from $325.00 to $385.00 and gave the stock a "buy" rating in a research note on Monday, November 25th. Hsbc Global Res lowered shares of CrowdStrike from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, November 27th. Finally, Bank of America increased their price target on shares of CrowdStrike from $365.00 to $400.00 and gave the stock a "buy" rating in a research report on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, CrowdStrike presently has a consensus rating of "Moderate Buy" and an average target price of $366.38.

CrowdStrike Trading Down 1.8 %

Shares of CRWD traded down $6.38 during midday trading on Friday, hitting $357.00. The stock had a trading volume of 5,025,151 shares, compared to its average volume of 2,957,510. The stock's 50 day moving average is $355.33 and its 200 day moving average is $313.16. The firm has a market cap of $87.93 billion, a PE ratio of 700.01, a price-to-earnings-growth ratio of 18.55 and a beta of 1.14. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. CrowdStrike Holdings, Inc. has a 1 year low of $200.81 and a 1 year high of $398.33.

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.