Geode Capital Management LLC Boosts Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Geode Capital Management LLC raised its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 2.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,018,441 shares of the company's stock after purchasing an additional 124,984 shares during the quarter. Geode Capital Management LLC owned approximately 2.04% of CrowdStrike worth $1,712,063,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Jacobi Capital Management LLC boosted its holdings in shares of CrowdStrike by 1.9% during the 4th quarter. Jacobi Capital Management LLC now owns 1,309 shares of the company's stock worth $448,000 after buying an additional 25 shares during the period. Dorsey & Whitney Trust CO LLC lifted its position in CrowdStrike by 1.4% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 1,974 shares of the company's stock worth $675,000 after acquiring an additional 27 shares during the last quarter. Wintrust Investments LLC boosted its holdings in shares of CrowdStrike by 4.2% during the fourth quarter. Wintrust Investments LLC now owns 719 shares of the company's stock worth $246,000 after acquiring an additional 29 shares during the period. Synergy Financial Group LTD increased its stake in shares of CrowdStrike by 0.8% during the third quarter. Synergy Financial Group LTD now owns 3,950 shares of the company's stock worth $1,108,000 after purchasing an additional 30 shares during the period. Finally, Greenwich Wealth Management LLC lifted its holdings in CrowdStrike by 4.0% during the 4th quarter. Greenwich Wealth Management LLC now owns 776 shares of the company's stock worth $265,000 after purchasing an additional 30 shares during the last quarter. 71.16% of the stock is currently owned by institutional investors and hedge funds.

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CrowdStrike Stock Up 2.5 %

Shares of NASDAQ CRWD traded up $9.11 during mid-day trading on Wednesday, hitting $371.49. 2,443,358 shares of the stock traded hands, compared to its average volume of 4,899,503. 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 stock has a fifty day moving average price of $387.85 and a 200-day moving average price of $351.03. The company has a market cap of $92.08 billion, a price-to-earnings 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.

Insider Transactions at CrowdStrike

In related news, CFO Burt W. Podbere sold 13,529 shares of CrowdStrike stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $358.10, for a total value of $4,844,734.90. Following the completion of the sale, the chief financial officer now directly owns 244,739 shares in the company, valued at approximately $87,641,035.90. This trade represents a 5.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Shawn Henry sold 2,547 shares of the company's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $365.96, for a total transaction of $932,100.12. Following the transaction, the insider now owns 82,071 shares in the company, valued at $30,034,703.16. This represents a 3.01 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 110,801 shares of company stock valued at $42,092,255. Insiders own 4.34% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CRWD. The Goldman Sachs Group reiterated a "buy" rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Truist Financial lowered their price target on shares of CrowdStrike from $460.00 to $450.00 and set a "buy" rating on the stock in a research report on Monday. Evercore ISI boosted their price objective on shares of CrowdStrike from $400.00 to $450.00 and gave the company an "outperform" rating in a report on Wednesday, March 5th. Guggenheim reaffirmed a "neutral" rating on shares of CrowdStrike in a report on Wednesday, March 5th. Finally, UBS Group cut their price target on CrowdStrike from $450.00 to $425.00 and set a "buy" rating for the company in a research note on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, thirty have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $400.88.

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.