AIA Group Ltd Buys Shares of 772 CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

AIA Group Ltd bought a new position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 772 shares of the company's stock, valued at approximately $264,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Berbice Capital Management LLC bought a new position in CrowdStrike in the 4th quarter valued at approximately $27,000. Fortitude Family Office LLC raised its position in CrowdStrike by 112.8% in the 4th quarter. Fortitude Family Office LLC now owns 83 shares of the company's stock worth $28,000 after buying an additional 44 shares during the last quarter. FPC Investment Advisory Inc. lifted its stake in CrowdStrike by 811.1% during the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company's stock valued at $28,000 after acquiring an additional 73 shares during the period. Luken Investment Analytics LLC purchased a new stake in shares of CrowdStrike during the 4th quarter valued at about $34,000. Finally, Crowley Wealth Management Inc. bought a new stake in shares of CrowdStrike in the fourth quarter worth approximately $34,000. 71.16% of the stock is currently owned by institutional investors.

Insider Transactions at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $450.67, for a total value of $1,802,680.00. Following the sale, the insider now owns 94,214 shares of the company's stock, valued at approximately $42,459,423.38. The trade was a 4.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $345.65, for a total value of $2,160,312.50. Following the completion of the sale, the director now owns 811,842 shares in the company, valued at approximately $280,613,187.30. This trade represents a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 110,801 shares of company stock worth $42,092,255. Insiders own 4.34% of the company's stock.

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Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CRWD. Stephens initiated coverage on CrowdStrike in a report on Tuesday. They set an "overweight" rating and a $450.00 price target on the stock. Wedbush upped their price target on shares of CrowdStrike from $390.00 to $395.00 and gave the company an "outperform" rating in a research report on Wednesday, March 5th. JPMorgan Chase & Co. upped their target price on shares of CrowdStrike from $418.00 to $450.00 and gave the company an "overweight" rating in a report on Friday, February 28th. Wells Fargo & Company boosted their price objective on shares of CrowdStrike from $400.00 to $430.00 and gave the company an "overweight" rating in a research report on Wednesday, March 5th. Finally, Citigroup reaffirmed a "buy" rating on shares of CrowdStrike in a research report on Wednesday, February 5th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $400.88.

CrowdStrike Stock Performance

NASDAQ:CRWD traded up $9.11 during mid-day trading on Wednesday, reaching $371.49. 2,443,358 shares of the stock were exchanged, compared to its average volume of 4,899,503. The stock has a market capitalization of $92.08 billion, a P/E ratio of 728.43, a P/E/G ratio of 17.86 and a beta of 1.19. CrowdStrike Holdings, Inc. has a 1 year low of $200.81 and a 1 year high of $455.59. The company has a 50 day simple moving average of $387.85 and a 200-day simple moving average of $351.03. The company has a quick ratio of 1.86, a current 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.