BTG Pactual Asset Management US LLC Grows Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

BTG Pactual Asset Management US LLC lifted its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 26.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,744 shares of the company's stock after acquiring an additional 3,058 shares during the period. BTG Pactual Asset Management US LLC's holdings in CrowdStrike were worth $5,099,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in CrowdStrike by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 21,926,011 shares of the company's stock valued at $7,502,204,000 after purchasing an additional 342,294 shares in the last quarter. Jennison Associates LLC lifted its holdings in shares of CrowdStrike by 6.9% in 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 boosted its stake in CrowdStrike by 2.6% during 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 buying an additional 124,984 shares in the last quarter. Norges Bank acquired a new position in CrowdStrike during the fourth quarter worth about $1,111,542,000. Finally, FMR LLC raised its position in CrowdStrike by 15.0% in the fourth quarter. FMR LLC now owns 2,204,171 shares of the company's stock worth $754,179,000 after acquiring an additional 287,960 shares in the last quarter. 71.16% of the stock is currently owned by institutional investors.

CrowdStrike Stock Performance

CRWD stock traded down $4.22 during mid-day trading on Thursday, hitting $375.62. The company had a trading volume of 2,091,665 shares, compared to its average volume of 5,010,647. The stock's fifty day moving average price is $377.97 and its two-hundred day moving average price is $356.41. 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 $455.59. The firm has a market cap of $93.11 billion, a PE ratio of 736.52, a price-to-earnings-growth ratio of 17.86 and a beta of 1.28.

Analysts Set New Price Targets

Several research firms recently commented on CRWD. Scotiabank reissued a "sector perform" rating on shares of CrowdStrike in a research note on Wednesday, February 5th. Stephens started coverage on CrowdStrike in a research report on Tuesday, April 1st. They set an "overweight" rating and a $450.00 price objective for the company. BMO Capital Markets lifted their target price on CrowdStrike from $380.00 to $405.00 and gave the stock an "outperform" rating in a report on Wednesday, March 5th. UBS Group cut their target price on CrowdStrike from $450.00 to $425.00 and set a "buy" rating on the stock in a research report on Wednesday, March 5th. Finally, Piper Sandler set a $347.00 price target on CrowdStrike in a research report on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirty have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, CrowdStrike currently has an average rating of "Moderate Buy" and an average target price of $400.53.

Insider Activity at CrowdStrike

In other news, Director Gerhard Watzinger sold 2,600 shares of the business's stock in a transaction on Monday, April 14th. The shares were sold at an average price of $378.93, for a total transaction of $985,218.00. Following the completion of the transaction, the director now directly owns 60,291 shares in the company, valued at $22,846,068.63. The trade was a 4.13 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Anurag Saha sold 1,496 shares of the business's stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $358.62, for a total value of $536,495.52. Following the transaction, the chief accounting officer now owns 36,165 shares of the company's stock, valued at approximately $12,969,492.30. The trade was a 3.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 119,401 shares of company stock worth $45,119,220. 4.34% of the stock is owned by corporate insiders.

About CrowdStrike

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.