Envestnet Asset Management Inc. Has $120.11 Million Stock Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Envestnet Asset Management Inc. decreased its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 0.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 351,038 shares of the company's stock after selling 1,062 shares during the period. Envestnet Asset Management Inc. owned about 0.14% of CrowdStrike worth $120,111,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Perennial Investment Advisors LLC grew its holdings in shares of CrowdStrike by 1.4% in the 4th quarter. Perennial Investment Advisors LLC now owns 3,600 shares of the company's stock valued at $1,232,000 after buying an additional 50 shares during the period. Aviva PLC increased its position in shares of CrowdStrike by 57.3% in the fourth quarter. Aviva PLC now owns 51,411 shares of the company's stock valued at $17,591,000 after acquiring an additional 18,724 shares during the last quarter. Resona Asset Management Co. Ltd. bought a new stake in CrowdStrike during the fourth quarter worth $22,976,000. Wells Fargo & Company MN boosted its stake in shares of CrowdStrike by 3.0% during the 4th quarter. Wells Fargo & Company MN now owns 1,277,807 shares of the company's stock worth $437,214,000 after acquiring an additional 36,904 shares during the period. Finally, Somerville Kurt F acquired a new position in CrowdStrike in the 4th quarter valued at about $964,000. Institutional investors own 71.16% of the company's stock.

CrowdStrike Stock Up 1.3 %

Shares of CRWD traded up $4.74 during trading hours on Friday, hitting $373.35. 1,414,031 shares of the company were exchanged, compared to its average volume of 4,978,976. 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 company has a market cap of $92.54 billion, a PE ratio of 730.66, a PEG ratio of 17.86 and a beta of 1.28. The firm's 50 day moving average is $380.72 and its 200-day moving average is $354.19. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week high of $455.59.

Remove Ads

Insiders Place Their Bets

In other CrowdStrike news, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $324.16, for a total value of $2,026,000.00. Following the transaction, the director now directly owns 768,092 shares of the company's stock, valued at $248,984,702.72. The trade was a 0.81 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Shawn Henry sold 4,000 shares of the firm's 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 completion of the sale, the insider now owns 98,214 shares in the company, valued at approximately $34,857,130.74. The trade was a 3.91 % 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 90 days. 4.34% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on CRWD shares. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $440.00 price objective on shares of CrowdStrike in a research report on Wednesday, March 5th. Evercore ISI upped their target price on CrowdStrike from $400.00 to $450.00 and gave the company an "outperform" rating in a report on Wednesday, March 5th. DA Davidson increased their price target on CrowdStrike from $395.00 to $415.00 and gave the stock a "buy" rating in a report on Wednesday, March 5th. Westpark Capital restated a "hold" rating on shares of CrowdStrike in a report on Wednesday, March 5th. Finally, Canaccord Genuity Group increased their target price on CrowdStrike from $370.00 to $420.00 and gave the stock a "buy" rating in a report on Monday, March 3rd. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, CrowdStrike presently has an average rating of "Moderate Buy" and a consensus target price 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.