Creekmur Asset Management LLC Boosts Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Creekmur Asset Management LLC raised its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 48.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,716 shares of the company's stock after purchasing an additional 890 shares during the quarter. Creekmur Asset Management LLC's holdings in CrowdStrike were worth $929,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in CrowdStrike by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 21,926,011 shares of the company's stock worth $7,502,204,000 after purchasing an additional 342,294 shares during the period. State Street Corp grew 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 buying an additional 275,717 shares in the last quarter. Jennison Associates LLC increased its stake in shares of CrowdStrike by 6.9% during the fourth quarter. Jennison Associates LLC now owns 5,420,980 shares of the company's stock valued at $1,854,843,000 after buying an additional 352,180 shares during the period. Geode Capital Management LLC raised its holdings in shares of CrowdStrike by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 5,018,441 shares of the company's stock valued at $1,712,063,000 after acquiring an additional 124,984 shares in the last quarter. Finally, Norges Bank purchased a new stake in CrowdStrike in the fourth quarter worth about $1,111,542,000. 71.16% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on CRWD shares. Raymond James lowered shares of CrowdStrike from an "outperform" rating to a "cautious" rating in a report on Monday, March 10th. BTIG Research raised shares of CrowdStrike from a "neutral" rating to a "buy" rating and set a $431.00 price objective for the company in a research note on Tuesday, March 25th. Evercore ISI upped their target price on CrowdStrike from $400.00 to $450.00 and gave the stock an "outperform" rating in a 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 report on Friday, February 28th. Finally, Citigroup restated a "buy" rating on shares of CrowdStrike in a research note on Wednesday, February 5th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirty have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, CrowdStrike currently has a consensus rating of "Moderate Buy" and a consensus target price of $400.88.

Insiders Place Their Bets

In related news, CEO George Kurtz sold 22,449 shares of the stock in a transaction on Friday, March 21st. The shares were sold at an average price of $358.68, for a total transaction of $8,052,007.32. Following the sale, the chief executive officer now directly owns 2,178,452 shares of the company's stock, valued at approximately $781,367,163.36. This represents a 1.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $345.65, for a total transaction of $2,160,312.50. Following the completion of the transaction, the director now directly owns 811,842 shares of the company's stock, valued at $280,613,187.30. The trade was a 0.76 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 110,801 shares of company stock worth $42,092,255. Corporate insiders own 4.34% of the company's stock.

CrowdStrike Stock Performance

Shares of CRWD traded up $9.11 during mid-day trading on Wednesday, reaching $371.49. The company had a trading volume of 2,443,358 shares, 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 PEG ratio of 17.86 and a beta of 1.19. CrowdStrike Holdings, Inc. has a 52-week low of $200.81 and a 52-week high of $455.59. The stock has a 50 day moving average of $387.85 and a two-hundred day 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 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.