Tower Research Capital LLC TRC Buys 18,378 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Tower Research Capital LLC TRC lifted its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 120.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 33,690 shares of the company's stock after purchasing an additional 18,378 shares during the period. Tower Research Capital LLC TRC's holdings in CrowdStrike were worth $11,527,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in CrowdStrike by 1.6% during the fourth 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 during the period. Jennison Associates LLC increased 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 worth $1,854,843,000 after acquiring an additional 352,180 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of CrowdStrike by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 5,018,441 shares of the company's stock valued at $1,712,063,000 after purchasing an additional 124,984 shares in the last quarter. Norges Bank bought a new stake in CrowdStrike during the 4th quarter worth approximately $1,111,542,000. Finally, FMR LLC raised its holdings in CrowdStrike by 15.0% during the 4th quarter. FMR LLC now owns 2,204,171 shares of the company's stock worth $754,179,000 after buying an additional 287,960 shares during the period. Institutional investors and hedge funds own 71.16% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CRWD. Westpark Capital restated a "hold" rating on shares of CrowdStrike in a report on Wednesday, March 5th. Robert W. Baird cut their price target on CrowdStrike from $440.00 to $405.00 and set a "neutral" rating on the stock in a report on Wednesday, March 5th. Scotiabank reiterated a "sector perform" rating on shares of CrowdStrike in a report on Wednesday, February 5th. Truist Financial decreased their price target on shares of CrowdStrike from $460.00 to $450.00 and set a "buy" rating for the company in a research note on Monday, March 31st. Finally, Evercore ISI increased their target price on shares of CrowdStrike from $400.00 to $450.00 and gave the stock an "outperform" rating in a report on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirty have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $400.76.

CrowdStrike Price Performance

CrowdStrike stock traded up $28.37 during midday trading on Thursday, reaching $414.12. 2,863,952 shares of the stock were exchanged, compared to its average volume of 4,082,005. The company's fifty day moving average is $371.32 and its 200-day moving average is $359.55. 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 52 week low of $200.81 and a 52 week high of $455.59. The firm has a market cap of $102.65 billion, a PE ratio of 812.02, a PEG ratio of 17.86 and a beta of 1.28.

Insider Buying and Selling

In other news, Director Sameer K. Gandhi sold 6,250 shares of the company's stock in a transaction on Friday, April 4th. The shares were sold at an average price of $324.16, for a total value of $2,026,000.00. Following the completion of the sale, the director now owns 768,092 shares of the company's stock, valued at approximately $248,984,702.72. This represents a 0.81 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Shawn Henry sold 4,000 shares of the firm's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $450.67, for a total value of $1,802,680.00. Following the transaction, the insider now directly owns 94,214 shares in the company, valued at $42,459,423.38. This trade represents a 4.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 122,375 shares of company stock worth $46,197,236 over the last ninety days. 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.