Assenagon Asset Management S.A. Increases Stock Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Assenagon Asset Management S.A. lifted its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 41.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 737,184 shares of the company's stock after buying an additional 215,986 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.30% of CrowdStrike worth $252,235,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of CRWD. Abich Financial Wealth Management LLC purchased a new stake in CrowdStrike in the second quarter worth about $25,000. Oakworth Capital Inc. purchased a new stake in shares of CrowdStrike in the 3rd quarter worth approximately $28,000. Fortitude Family Office LLC increased its position in CrowdStrike by 112.8% during the 4th quarter. Fortitude Family Office LLC now owns 83 shares of the company's stock valued at $28,000 after buying an additional 44 shares in the last quarter. Tsfg LLC raised its stake in CrowdStrike by 593.3% during the third quarter. Tsfg LLC now owns 104 shares of the company's stock valued at $29,000 after buying an additional 89 shares during the last quarter. Finally, Castleview Partners LLC bought a new stake in CrowdStrike in the third quarter worth $32,000. 71.16% of the stock is currently owned by institutional investors.

CrowdStrike Price Performance

CRWD traded up $13.98 during trading on Wednesday, reaching $362.02. 2,876,194 shares of the company traded hands, compared to its average volume of 2,783,851. The company has a market cap of $89.17 billion, a P/E ratio of 709.86, a PEG ratio of 19.75 and a beta of 1.11. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. CrowdStrike Holdings, Inc. has a 12-month low of $200.81 and a 12-month high of $398.33. The firm has a fifty day simple moving average of $353.83 and a 200 day simple moving average of $312.46.

Insider Activity at CrowdStrike

In related news, CAO Anurag Saha sold 1,863 shares of the business's stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $358.46, for a total value of $667,810.98. Following the sale, the chief accounting officer now owns 41,059 shares in the company, valued at approximately $14,718,009.14. The trade was a 4.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Shawn Henry sold 4,500 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $368.14, for a total transaction of $1,656,630.00. Following the transaction, the insider now owns 115,798 shares of the company's stock, valued at $42,629,875.72. This trade represents a 3.74 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 106,351 shares of company stock valued at $37,515,473. Corporate insiders own 4.34% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on CRWD shares. Jefferies Financial Group raised their price target on CrowdStrike from $415.00 to $450.00 and gave the company a "buy" rating in a report on Thursday, December 19th. Piper Sandler lifted their target price on shares of CrowdStrike from $290.00 to $375.00 and gave the stock an "overweight" rating in a report on Wednesday, November 27th. Evercore ISI upped their target price on shares of CrowdStrike from $325.00 to $400.00 and gave the stock an "outperform" rating in a research note on Monday, November 25th. Morgan Stanley raised 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. Finally, Barclays upped their price objective on CrowdStrike from $295.00 to $372.00 and gave the company an "overweight" rating in a research report on Monday, November 18th. One analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $365.88.

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.