First National Bank of Hutchinson Raises Stock Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

First National Bank of Hutchinson lifted its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 68.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,085 shares of the company's stock after buying an additional 1,252 shares during the period. First National Bank of Hutchinson's holdings in CrowdStrike were worth $1,056,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Jennison Associates LLC boosted its holdings in shares of CrowdStrike by 25.0% in the third quarter. Jennison Associates LLC now owns 5,068,800 shares of the company's stock worth $1,421,646,000 after buying an additional 1,013,161 shares during the period. Daiwa Securities Group Inc. grew its holdings in shares of CrowdStrike by 1,655.9% during the third quarter. Daiwa Securities Group Inc. now owns 755,951 shares of the company's stock valued at $212,021,000 after buying an additional 712,900 shares in the last quarter. Raymond James Financial Inc. purchased a new position in CrowdStrike during the fourth quarter valued at approximately $237,375,000. Amundi increased its position in 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 last quarter. Finally, State Street Corp increased its position in CrowdStrike by 2.9% during the third quarter. State Street Corp now owns 9,630,776 shares of the company's stock worth $2,701,144,000 after buying an additional 275,717 shares during the last quarter. 71.16% of the stock is currently owned by institutional investors.

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Insider Activity

In related news, CAO Anurag Saha sold 1,863 shares of CrowdStrike stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $358.46, for a total transaction of $667,810.98. Following the completion of the transaction, the chief accounting officer now directly owns 41,059 shares in the company, valued at $14,718,009.14. The trade was a 4.34 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO George Kurtz sold 18,071 shares of the stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $359.70, for a total value of $6,500,138.70. Following the sale, the chief executive officer now directly owns 2,159,935 shares in the company, valued at approximately $776,928,619.50. The trade was a 0.83 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 100,315 shares of company stock valued at $38,319,124. 4.34% of the stock is currently owned by company insiders.

CrowdStrike Stock Down 1.8 %

Shares of NASDAQ CRWD traded down $6.79 during midday trading on Friday, hitting $362.24. 8,116,345 shares of the company's stock were exchanged, compared to its average volume of 4,770,828. CrowdStrike Holdings, Inc. has a twelve month low of $200.81 and a twelve month high of $455.59. The company has a market cap of $89.79 billion, a PE ratio of 710.29, a P/E/G ratio of 17.86 and a beta of 1.19. 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 firm's fifty day simple moving average is $386.53 and its 200-day simple moving average is $344.65.

Analysts Set New Price Targets

CRWD has been the subject of several analyst reports. Piper Sandler set a $347.00 target price on CrowdStrike in a research report on Wednesday, March 5th. Cantor Fitzgerald restated an "overweight" rating and issued a $440.00 target price on shares of CrowdStrike in a research note on Wednesday, March 5th. Guggenheim reissued a "neutral" rating on shares of CrowdStrike in a report on Wednesday, March 5th. Bank of America boosted their target price on shares of CrowdStrike from $400.00 to $420.00 and gave the stock a "buy" rating in a research note on Wednesday, February 26th. Finally, JPMorgan Chase & Co. increased their price target on CrowdStrike from $418.00 to $450.00 and gave the company an "overweight" rating in a research note on Friday, February 28th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $399.51.

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.