CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Stake Increased by Park Avenue Securities LLC

Park Avenue Securities LLC lifted its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 23.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,197 shares of the company's stock after purchasing an additional 2,339 shares during the period. Park Avenue Securities LLC's holdings in CrowdStrike were worth $4,173,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in CRWD. Jennison Associates LLC increased its holdings in 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 purchasing an additional 1,013,161 shares during the last quarter. International Assets Investment Management LLC raised its holdings in CrowdStrike by 17,926.3% in the third quarter. International Assets Investment Management LLC now owns 925,831 shares of the company's stock valued at $259,668,000 after acquiring an additional 920,695 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in CrowdStrike by 1,655.9% during the 3rd quarter. Daiwa Securities Group Inc. now owns 755,951 shares of the company's stock valued at $212,021,000 after acquiring an additional 712,900 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in CrowdStrike by 248.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 521,198 shares of the company's stock worth $146,180,000 after acquiring an additional 371,695 shares in the last quarter. Finally, State Street Corp increased its position in shares of CrowdStrike by 2.9% in 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 hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Robert W. Baird increased their price target on shares of CrowdStrike from $375.00 to $390.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 27th. Wedbush set a $330.00 target price on CrowdStrike in a report on Thursday, October 17th. Royal Bank of Canada boosted their price target on CrowdStrike from $365.00 to $420.00 and gave the company an "outperform" rating in a report on Friday, January 3rd. Truist Financial raised their price objective on CrowdStrike from $375.00 to $385.00 and gave the stock a "buy" rating in a research note on Tuesday, January 7th. Finally, Citigroup lifted their price objective on shares of CrowdStrike from $400.00 to $420.00 and gave the stock a "buy" rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $366.38.

CrowdStrike Price Performance

Shares of CRWD traded down $6.38 during midday trading on Friday, reaching $357.00. The stock had a trading volume of 5,025,151 shares, compared to its average volume of 2,957,510. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. The company has a market capitalization of $87.93 billion, a P/E ratio of 700.01, a P/E/G ratio of 18.55 and a beta of 1.14. The firm's 50 day moving average price is $355.33 and its 200-day moving average price is $313.16. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week high of $398.33.

Insider Buying and Selling

In other news, insider Shawn Henry sold 4,000 shares of the business's stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $354.91, for a total transaction of $1,419,640.00. Following the sale, the insider now directly owns 98,214 shares of the company's stock, valued at $34,857,130.74. The trade was a 3.91 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Sameer K. Gandhi sold 6,250 shares of the company's stock in a transaction 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 sale, the director now directly owns 811,842 shares of the company's stock, valued at approximately $280,613,187.30. This represents a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 110,351 shares of company stock worth $38,935,113 in the last ninety days. 4.34% of the stock is currently owned by corporate insiders.

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.