Legal & General Group Plc cut its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 14.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,879,422 shares of the company's stock after selling 329,981 shares during the period. Legal & General Group Plc owned 0.76% of CrowdStrike worth $643,063,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of CrowdStrike by 1.6% in 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 raised its holdings in 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 lifted its position 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 purchased a new stake in CrowdStrike during the 4th quarter worth $1,111,542,000. Finally, FMR LLC grew its stake in shares of CrowdStrike by 15.0% in the fourth quarter. FMR LLC now owns 2,204,171 shares of the company's stock valued at $754,179,000 after buying an additional 287,960 shares in the last quarter. 71.16% of the stock is currently owned by institutional investors and hedge funds.
CrowdStrike Price Performance
Shares of NASDAQ CRWD traded down $7.24 during mid-day trading on Thursday, reaching $370.77. 2,680,465 shares of the company traded hands, compared to its average volume of 4,973,864. The firm has a market cap of $91.90 billion, a PE ratio of 728.89, a price-to-earnings-growth ratio of 17.86 and a beta of 1.28. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $455.59. The stock has a fifty day simple moving average of $381.30 and a 200-day simple moving average of $353.63.
Wall Street Analysts Forecast Growth
A number of brokerages have commented on CRWD. Evercore ISI boosted their price objective on shares of CrowdStrike from $400.00 to $450.00 and gave the stock an "outperform" rating in a report on Wednesday, March 5th. Baird R W lowered CrowdStrike from a "strong-buy" rating to a "hold" rating in a research note on Monday, February 3rd. Morgan Stanley set a $429.00 target price on CrowdStrike in a research report on Tuesday, March 18th. Westpark Capital reissued a "hold" rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Finally, Raymond James cut shares of CrowdStrike from an "outperform" rating to a "cautious" rating in a report on Monday, March 10th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $400.88.
Get Our Latest Stock Analysis on CRWD
Insider Activity
In other news, CAO Anurag Saha sold 1,496 shares of the firm's stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $358.62, for a total transaction of $536,495.52. Following the completion of the transaction, the chief accounting officer now owns 36,165 shares in the company, valued at approximately $12,969,492.30. This trade represents a 3.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Shawn Henry sold 4,000 shares of the business's stock in a transaction that occurred 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 completion of the sale, the insider now owns 98,214 shares in the company, valued at $34,857,130.74. The trade was a 3.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 120,801 shares of company stock worth $45,553,642. 4.34% of the stock is owned by company insiders.
CrowdStrike Company Profile
(
Free Report)
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.
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