Fifth Third Bancorp Acquires 13,323 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Fifth Third Bancorp lifted its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 42.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 44,609 shares of the company's stock after buying an additional 13,323 shares during the period. Fifth Third Bancorp's holdings in CrowdStrike were worth $15,263,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of CRWD. State Street Corp boosted its holdings in CrowdStrike by 2.9% in the third quarter. State Street Corp now owns 9,630,776 shares of the company's stock valued at $2,701,144,000 after acquiring an additional 275,717 shares during the last quarter. Jennison Associates LLC increased its holdings in CrowdStrike by 25.0% in the third quarter. Jennison Associates LLC now owns 5,068,800 shares of the company's stock valued at $1,421,646,000 after purchasing an additional 1,013,161 shares during the last quarter. Geode Capital Management LLC lifted its stake in CrowdStrike by 2.0% in the third quarter. Geode Capital Management LLC now owns 4,893,457 shares of the company's stock valued at $1,367,505,000 after buying an additional 97,990 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of CrowdStrike by 12.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,570,440 shares of the company's stock worth $440,461,000 after buying an additional 171,861 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in CrowdStrike by 1.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,354,494 shares of the company's stock valued at $379,895,000 after purchasing an additional 20,899 shares during the period. Institutional investors and hedge funds own 71.16% of the company's stock.

CrowdStrike Trading Down 0.7 %

NASDAQ:CRWD traded down $2.78 during trading hours on Friday, hitting $374.92. The company had a trading volume of 2,280,506 shares, compared to its average volume of 2,397,682. The stock has a 50-day moving average price of $358.65 and a 200 day moving average price of $311.81. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. The company has a market capitalization of $92.35 billion, a PE ratio of 735.15, a price-to-earnings-growth ratio of 20.07 and a beta of 1.14. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week high of $398.33.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on CRWD shares. BNP Paribas assumed coverage on shares of CrowdStrike in a research report on Tuesday, October 8th. They issued a "neutral" rating and a $285.00 price objective for the company. Needham & Company LLC increased their price objective on shares of CrowdStrike from $360.00 to $420.00 and gave the stock a "buy" rating in a research report on Wednesday, November 27th. Royal Bank of Canada increased their target price on shares of CrowdStrike from $365.00 to $420.00 and gave the stock an "outperform" rating in a report on Friday, January 3rd. Citigroup lifted their target price on CrowdStrike from $400.00 to $420.00 and gave the company a "buy" rating in a research report on Friday, January 17th. Finally, The Goldman Sachs Group increased their price target on CrowdStrike from $372.00 to $415.00 and gave the company a "buy" rating in a research report on Tuesday, December 24th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $369.00.

Insider Activity at CrowdStrike

In other news, insider Shawn Henry sold 4,000 shares of the stock in a transaction 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 transaction, the insider now directly owns 98,214 shares of the company's stock, valued at $34,857,130.74. This represents a 3.91 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Sameer K. Gandhi sold 5,036 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $320.48, for a total value of $1,613,937.28. Following the completion of the transaction, the director now directly owns 816,730 shares in the company, valued at approximately $261,745,630.40. This represents a 0.61 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 110,351 shares of company stock valued at $38,935,113 in the last three months. Company insiders own 4.34% of the company's stock.

CrowdStrike Company 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.