CIBC Asset Management Inc Acquires 2,945 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

CIBC Asset Management Inc lifted its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 4.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 74,787 shares of the company's stock after buying an additional 2,945 shares during the period. CIBC Asset Management Inc's holdings in CrowdStrike were worth $25,589,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of CRWD. Jennison Associates LLC boosted its stake 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 worth $1,421,646,000 after buying an additional 1,013,161 shares during the last quarter. International Assets Investment Management LLC raised its holdings 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 worth $259,668,000 after acquiring an additional 920,695 shares in the last quarter. Daiwa Securities Group Inc. boosted its position in CrowdStrike by 1,655.9% during the third quarter. Daiwa Securities Group Inc. now owns 755,951 shares of the company's stock valued at $212,021,000 after purchasing an additional 712,900 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in CrowdStrike by 248.6% in the third quarter. Assenagon Asset Management S.A. now owns 521,198 shares of the company's stock valued at $146,180,000 after purchasing an additional 371,695 shares in the last quarter. Finally, State Street Corp increased its position in shares of CrowdStrike by 2.9% during the 3rd quarter. State Street Corp now owns 9,630,776 shares of the company's stock worth $2,701,144,000 after purchasing an additional 275,717 shares during the last quarter. 71.16% of the stock is currently owned by institutional investors.

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Analysts Set New Price Targets

Several equities research analysts have recently commented on CRWD shares. JPMorgan Chase & Co. increased their price objective on CrowdStrike from $372.00 to $418.00 and gave the company an "overweight" rating in a report on Monday, December 16th. Royal Bank of Canada increased their price target on shares of CrowdStrike from $365.00 to $420.00 and gave the company an "outperform" rating in a research note on Friday, January 3rd. Mizuho lifted their price objective on shares of CrowdStrike from $385.00 to $450.00 and gave the company an "outperform" rating in a research report on Wednesday, February 12th. Robert W. Baird reaffirmed a "neutral" rating and issued a $430.00 target price (up from $390.00) on shares of CrowdStrike in a report on Monday, February 3rd. Finally, Truist Financial raised their target price on shares of CrowdStrike from $385.00 to $460.00 and gave the company a "buy" rating in a research note on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have assigned a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $383.08.

Insiders Place Their Bets

In related news, CAO Anurag Saha sold 1,863 shares of CrowdStrike stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $358.46, for a total transaction of $667,810.98. Following the sale, the chief accounting officer now directly owns 41,059 shares of the company's stock, valued at approximately $14,718,009.14. The trade was a 4.34 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $450.67, for a total transaction of $1,802,680.00. Following the transaction, the insider now owns 94,214 shares of the company's stock, valued at approximately $42,459,423.38. This represents a 4.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 136,565 shares of company stock worth $51,038,529 over the last three months. Insiders own 4.34% of the company's stock.

CrowdStrike Price Performance

Shares of CrowdStrike stock traded down $29.53 on Friday, reaching $406.61. 5,588,416 shares of the stock were exchanged, compared to its average volume of 3,224,895. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. The firm has a market cap of $100.15 billion, a PE ratio of 797.30, a P/E/G ratio of 18.44 and a beta of 1.16. The firm's 50 day moving average is $384.76 and its 200-day moving average is $329.67. CrowdStrike Holdings, Inc. has a one year low of $200.81 and a one year high of $455.59.

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.