Huntington National Bank Grows Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Huntington National Bank raised its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 14.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 95,443 shares of the company's stock after acquiring an additional 12,148 shares during the period. Huntington National Bank's holdings in CrowdStrike were worth $32,657,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Empirical Asset Management LLC bought a new stake in CrowdStrike in the fourth quarter worth $11,310,000. Arcadia Investment Management Corp MI raised its position in shares of CrowdStrike by 30.8% during the 4th quarter. Arcadia Investment Management Corp MI now owns 11,954 shares of the company's stock valued at $4,090,000 after buying an additional 2,814 shares in the last quarter. Greenleaf Trust lifted its holdings in shares of CrowdStrike by 53.4% in the 4th quarter. Greenleaf Trust now owns 2,967 shares of the company's stock valued at $1,015,000 after acquiring an additional 1,033 shares during the last quarter. Trifecta Capital Advisors LLC grew its position in CrowdStrike by 2,140.3% in the fourth quarter. Trifecta Capital Advisors LLC now owns 8,961 shares of the company's stock worth $3,066,000 after acquiring an additional 8,561 shares in the last quarter. Finally, Fifth Third Bancorp increased its stake in CrowdStrike by 42.6% during the fourth quarter. Fifth Third Bancorp now owns 44,609 shares of the company's stock worth $15,263,000 after acquiring an additional 13,323 shares during the last quarter. Hedge funds and other institutional investors own 71.16% of the company's stock.

CrowdStrike Price Performance

Shares of CrowdStrike stock traded up $9.11 during mid-day trading on Wednesday, reaching $371.49. 2,443,358 shares of the stock traded hands, compared to its average volume of 4,899,503. The stock has a market capitalization of $92.08 billion, a PE ratio of 728.43, a PEG ratio of 17.86 and a beta of 1.19. The business has a 50-day moving average of $387.85 and a 200 day moving average of $351.03. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $455.59. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24.

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Wall Street Analysts Forecast Growth

CRWD has been the subject of a number of recent research reports. Truist Financial dropped their target price on CrowdStrike from $460.00 to $450.00 and set a "buy" rating for the company in a report on Monday. KeyCorp reduced their target price on shares of CrowdStrike from $480.00 to $450.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 5th. Robert W. Baird lowered their target price on shares of CrowdStrike from $440.00 to $405.00 and set a "neutral" rating for the company in a report on Wednesday, March 5th. Westpark Capital reiterated a "hold" rating on shares of CrowdStrike in a report on Wednesday, March 5th. Finally, Royal Bank of Canada reissued an "outperform" rating on shares of CrowdStrike in a research note 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 two have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $400.88.

Insider Transactions at CrowdStrike

In related news, insider Shawn Henry sold 2,547 shares of the company's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $365.96, for a total value of $932,100.12. Following the transaction, the insider now directly owns 82,071 shares in the company, valued at approximately $30,034,703.16. This represents a 3.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Anurag Saha sold 2,141 shares of the firm's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $371.79, for a total value of $796,002.39. Following the sale, the chief accounting officer now directly owns 34,024 shares of the company's stock, valued at approximately $12,649,782.96. This trade represents a 5.92 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 110,801 shares of company stock valued at $42,092,255. Corporate insiders own 4.34% of the company's stock.

About CrowdStrike

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.