Intech Investment Management LLC Has $2.37 Million Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Intech Investment Management LLC grew its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 47.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,915 shares of the company's stock after buying an additional 2,240 shares during the quarter. Intech Investment Management LLC's holdings in CrowdStrike were worth $2,366,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Berbice Capital Management LLC bought a new position in shares of CrowdStrike in the fourth quarter worth about $27,000. Fortitude Family Office LLC boosted its holdings in CrowdStrike by 112.8% in the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company's stock valued at $28,000 after acquiring an additional 44 shares during the last quarter. FPC Investment Advisory Inc. increased its position in CrowdStrike by 811.1% in the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company's stock worth $28,000 after purchasing an additional 73 shares during the period. Luken Investment Analytics LLC bought a new stake in CrowdStrike during the 4th quarter worth about $34,000. Finally, Halbert Hargrove Global Advisors LLC acquired a new position in CrowdStrike during the 4th quarter valued at about $42,000. Institutional investors and hedge funds own 71.16% of the company's stock.

Analyst Upgrades and Downgrades

CRWD has been the topic of several analyst reports. Royal Bank of Canada restated an "outperform" rating on shares of CrowdStrike in a report on Wednesday, March 5th. UBS Group dropped their price objective on shares of CrowdStrike from $450.00 to $425.00 and set a "buy" rating on the stock in a report on Wednesday, March 5th. JPMorgan Chase & Co. upped their target price on shares of CrowdStrike from $418.00 to $450.00 and gave the stock an "overweight" rating in a research note on Friday, February 28th. KeyCorp cut their price target on CrowdStrike from $480.00 to $450.00 and set an "overweight" rating on the stock in a report on Wednesday, March 5th. Finally, Canaccord Genuity Group increased their price objective 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, eleven have assigned a hold rating, twenty-nine 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 has a consensus rating of "Moderate Buy" and a consensus target price of $399.51.

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CrowdStrike Trading Up 2.9 %

NASDAQ CRWD traded up $10.40 during mid-day trading on Monday, hitting $372.64. The company's stock had a trading volume of 4,144,121 shares, compared to its average volume of 4,768,323. The firm has a market capitalization of $92.37 billion, a P/E ratio of 730.68, a price-to-earnings-growth ratio of 17.86 and a beta of 1.19. The stock's fifty day simple moving average is $386.53 and its two-hundred day simple moving average is $345.25. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. CrowdStrike Holdings, Inc. has a 52-week low of $200.81 and a 52-week high of $455.59.

Insiders Place Their Bets

In other news, CAO Anurag Saha sold 2,858 shares of CrowdStrike stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $364.29, for a total value of $1,041,140.82. Following the transaction, the chief accounting officer now directly owns 38,201 shares of the company's stock, valued at $13,916,242.29. This trade represents a 6.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $345.65, for a total value of $2,160,312.50. Following the completion of the sale, the director now directly owns 811,842 shares of the company's stock, valued at approximately $280,613,187.30. This represents a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 52,858 shares of company stock valued at $21,288,706 over 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.