Fmr LLC Has $754.18 Million Stock Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

FMR LLC raised its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 15.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,204,171 shares of the company's stock after purchasing an additional 287,960 shares during the quarter. FMR LLC owned approximately 0.89% of CrowdStrike worth $754,179,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Benchmark Investment Advisors LLC lifted its position in shares of CrowdStrike by 12.0% in the fourth quarter. Benchmark Investment Advisors LLC now owns 5,371 shares of the company's stock worth $1,838,000 after buying an additional 575 shares during the last quarter. Sepio Capital LP boosted its position in shares of CrowdStrike by 3.1% in the fourth quarter. Sepio Capital LP now owns 8,631 shares of the company's stock valued at $2,953,000 after acquiring an additional 259 shares during the period. Waterloo Capital L.P. grew its stake in shares of CrowdStrike by 11.1% in the fourth quarter. Waterloo Capital L.P. now owns 1,451 shares of the company's stock worth $496,000 after acquiring an additional 145 shares during the last quarter. Peapack Gladstone Financial Corp grew its position in CrowdStrike by 8.9% in the 4th quarter. Peapack Gladstone Financial Corp now owns 1,936 shares of the company's stock worth $663,000 after purchasing an additional 158 shares during the last quarter. Finally, Titleist Asset Management LLC raised its position in shares of CrowdStrike by 7.4% during the fourth quarter. Titleist Asset Management LLC now owns 6,651 shares of the company's stock valued at $2,276,000 after buying an additional 456 shares during the last quarter. 71.16% of the stock is owned by institutional investors and hedge funds.

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CrowdStrike Stock Up 1.0 %

NASDAQ CRWD traded up $3.65 during trading hours on Friday, reaching $372.26. 1,414,031 shares of the company's stock were exchanged, compared to its average volume of 4,979,021. 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 one year low of $200.81 and a one year high of $455.59. The company's 50-day moving average is $380.72 and its two-hundred day moving average is $354.19. The company has a market capitalization of $92.27 billion, a price-to-earnings ratio of 730.66, a price-to-earnings-growth ratio of 17.86 and a beta of 1.28.

Insider Transactions at CrowdStrike

In other news, CFO Burt W. Podbere sold 13,529 shares of the company's stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $358.10, for a total transaction of $4,844,734.90. Following the completion of the transaction, the chief financial officer now directly owns 244,739 shares of the company's stock, valued at $87,641,035.90. This represents a 5.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Anurag Saha sold 1,496 shares of CrowdStrike stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $358.62, for a total value of $536,495.52. Following the completion of the sale, the chief accounting officer now directly owns 36,165 shares in the company, valued at approximately $12,969,492.30. This represents a 3.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 120,801 shares of company stock valued at $45,553,642 over the last quarter. Corporate insiders own 4.34% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on CRWD. Guggenheim reaffirmed a "neutral" rating on shares of CrowdStrike in a report on Wednesday, March 5th. BTIG Research upgraded shares of CrowdStrike from a "neutral" rating to a "buy" rating and set a $431.00 price target on the stock in a research note on Tuesday, March 25th. JPMorgan Chase & Co. lifted their target price on shares of CrowdStrike from $418.00 to $450.00 and gave the company an "overweight" rating in a research report on Friday, February 28th. Piper Sandler set a $347.00 price objective on CrowdStrike in a report on Wednesday, March 5th. Finally, Citigroup reiterated a "buy" rating on shares of CrowdStrike in a research note on Wednesday, February 5th. Two 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. According to MarketBeat, CrowdStrike currently has an average rating of "Moderate Buy" and a consensus price target of $400.88.

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.