Financial Engines Advisors L.L.C. Makes New Investment in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Financial Engines Advisors L.L.C. acquired a new stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 830 shares of the company's stock, valued at approximately $284,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Raymond James Financial Inc. acquired a new position in shares of CrowdStrike in the fourth quarter worth approximately $237,375,000. Amundi lifted its position in shares of CrowdStrike by 41.9% in the 4th quarter. Amundi now owns 1,382,952 shares of the company's stock worth $496,093,000 after purchasing an additional 408,190 shares during the period. Jennison Associates LLC boosted its stake in shares of CrowdStrike by 6.9% in the 4th quarter. Jennison Associates LLC now owns 5,420,980 shares of the company's stock valued at $1,854,843,000 after purchasing an additional 352,180 shares during the last quarter. Vanguard Group Inc. increased its position in shares of CrowdStrike by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 21,926,011 shares of the company's stock worth $7,502,204,000 after buying an additional 342,294 shares during the period. Finally, State Street Corp lifted 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 buying an additional 275,717 shares during the period. Institutional investors own 71.16% of the company's stock.

Insider Activity

In related news, Director Sameer K. Gandhi sold 6,250 shares of the company's stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $345.65, for a total value of $2,160,312.50. Following the transaction, the director now directly owns 811,842 shares in the company, valued at approximately $280,613,187.30. This represents a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Anurag Saha sold 1,496 shares of the company's stock in a transaction on Friday, March 21st. The stock was 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 of the company's stock, valued at $12,969,492.30. This trade represents a 3.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 110,801 shares of company stock worth $42,092,255. 4.34% of the stock is owned by corporate insiders.

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Wall Street Analysts Forecast Growth

CRWD has been the subject of several research analyst reports. BTIG Research raised CrowdStrike from a "neutral" rating to a "buy" rating and set a $431.00 price objective for the company in a research report on Tuesday, March 25th. Barclays dropped their price target on CrowdStrike from $506.00 to $475.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 5th. Canaccord Genuity Group raised their price objective on shares of CrowdStrike from $370.00 to $420.00 and gave the stock a "buy" rating in a research report on Monday, March 3rd. Wells Fargo & Company lifted their price objective on shares of CrowdStrike from $400.00 to $430.00 and gave the company an "overweight" rating in a research note on Wednesday, March 5th. Finally, UBS Group reduced their price target on shares of CrowdStrike from $450.00 to $425.00 and set a "buy" rating for the company in a report on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $400.00.

CrowdStrike Stock Performance

NASDAQ CRWD traded down $6.07 during trading on Monday, hitting $351.04. 1,871,594 shares of the company's stock traded hands, compared to its average volume of 4,889,330. CrowdStrike Holdings, Inc. has a 12-month low of $200.81 and a 12-month high of $455.59. The stock has a market capitalization of $87.01 billion, a price-to-earnings ratio of 687.09, a PEG ratio of 17.86 and a beta of 1.19. 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 business has a 50 day moving average of $388.15 and a 200-day moving average of $349.49.

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.