Advisory Services Network LLC Buys 6,174 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Advisory Services Network LLC lifted its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 17.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 41,557 shares of the company's stock after acquiring an additional 6,174 shares during the quarter. Advisory Services Network LLC's holdings in CrowdStrike were worth $14,219,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of CrowdStrike during the fourth quarter worth $1,111,542,000. Raymond James Financial Inc. purchased a new stake in CrowdStrike during the 4th quarter worth about $237,375,000. Amundi lifted its holdings in shares of CrowdStrike by 41.9% in the fourth quarter. Amundi now owns 1,382,952 shares of the company's stock worth $496,093,000 after buying an additional 408,190 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in CrowdStrike by 2,586.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 418,094 shares of the company's stock valued at $143,055,000 after acquiring an additional 402,531 shares in the last quarter. Finally, Franklin Resources Inc. increased its holdings in CrowdStrike by 36.5% during the 4th quarter. Franklin Resources Inc. now owns 1,378,856 shares of the company's stock worth $471,789,000 after acquiring an additional 368,931 shares during the period. Hedge funds and other institutional investors own 71.16% of the company's stock.

Insiders Place Their Bets

In other news, CAO Anurag Saha sold 1,496 shares of the firm'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 $536,495.52. Following the completion of the transaction, the chief accounting officer now owns 36,165 shares in the company, valued at $12,969,492.30. This trade represents a 3.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $324.16, for a total value of $2,026,000.00. Following the sale, the director now owns 768,092 shares in the company, valued at $248,984,702.72. This represents a 0.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 120,801 shares of company stock worth $45,553,642 over the last three months. Company insiders own 4.34% of the company's stock.

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Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Royal Bank of Canada reissued an "outperform" rating on shares of CrowdStrike in a report on Wednesday, March 5th. Wedbush boosted their target price on CrowdStrike from $390.00 to $395.00 and gave the stock an "outperform" rating in a research report on Wednesday, March 5th. JPMorgan Chase & Co. lifted their price target on CrowdStrike from $418.00 to $450.00 and gave the company an "overweight" rating in a research report on Friday, February 28th. Wells Fargo & Company upped their price objective on shares of CrowdStrike from $400.00 to $430.00 and gave the stock an "overweight" rating in a research report on Wednesday, March 5th. Finally, Stifel Nicolaus lowered their target price on shares of CrowdStrike from $475.00 to $435.00 and set a "buy" rating on the stock in a research note on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirty have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $400.88.

CrowdStrike Trading Up 2.5 %

Shares of CRWD traded up $9.29 during trading hours on Friday, reaching $377.90. 3,378,070 shares of the company traded hands, compared to its average volume of 4,998,906. CrowdStrike Holdings, Inc. has a 12 month low of $200.81 and a 12 month high of $455.59. 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's fifty day moving average price is $380.13 and its two-hundred day moving average price is $354.82. The company has a market capitalization of $93.67 billion, a price-to-earnings ratio of 740.99, a price-to-earnings-growth ratio of 17.86 and a beta of 1.28.

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.