Lord Abbett & CO. LLC Invests $56.71 Million in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Lord Abbett & CO. LLC purchased a new position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 165,730 shares of the company's stock, valued at approximately $56,706,000. Lord Abbett & CO. LLC owned about 0.07% of CrowdStrike at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. 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 acquiring an additional 342,294 shares during the period. Jennison Associates LLC increased its holdings in CrowdStrike by 6.9% in the fourth quarter. Jennison Associates LLC now owns 5,420,980 shares of the company's stock valued at $1,854,843,000 after buying an additional 352,180 shares during the last quarter. Geode Capital Management LLC boosted its stake in CrowdStrike by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 5,018,441 shares of the company's stock valued at $1,712,063,000 after acquiring an additional 124,984 shares in the last quarter. Norges Bank acquired a new position in CrowdStrike in the fourth quarter valued at $1,111,542,000. Finally, FMR LLC boosted its stake in CrowdStrike by 15.0% in the fourth quarter. FMR LLC now owns 2,204,171 shares of the company's stock valued at $754,179,000 after acquiring an additional 287,960 shares in the last quarter. Hedge funds and other institutional investors own 71.16% of the company's stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Canaccord Genuity Group boosted their target price on CrowdStrike from $370.00 to $420.00 and gave the stock a "buy" rating in a research report on Monday, March 3rd. Robert W. Baird dropped their price objective on CrowdStrike from $440.00 to $405.00 and set a "neutral" rating on the stock in a report on Wednesday, March 5th. Westpark Capital reiterated a "hold" rating on shares of CrowdStrike in a research report on Wednesday, March 5th. DA Davidson boosted their target price on CrowdStrike from $395.00 to $415.00 and gave the stock a "buy" rating in a research report on Wednesday, March 5th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $420.00 target price on shares of CrowdStrike in a research report on Wednesday, March 5th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, CrowdStrike currently has a consensus rating of "Moderate Buy" and an average price target of $400.76.

CrowdStrike Stock Down 0.4 %

CRWD traded down $1.80 during trading on Monday, hitting $423.08. The company had a trading volume of 2,793,929 shares, compared to its average volume of 5,056,955. The company has a market cap of $104.87 billion, a PE ratio of 829.58, a P/E/G ratio of 17.86 and a beta of 1.28. The business has a 50-day moving average of $369.96 and a 200-day moving average of $362.11. 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 1-year low of $200.81 and a 1-year high of $455.59.

Insider Activity at CrowdStrike

In other CrowdStrike news, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $412.39, for a total transaction of $2,577,437.50. Following the sale, the director now directly owns 805,592 shares of the company's stock, valued at approximately $332,218,084.88. This represents a 0.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Shawn Henry sold 4,000 shares of the company's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $450.67, for a total transaction of $1,802,680.00. Following the transaction, the insider now owns 94,214 shares of the company's stock, valued at $42,459,423.38. This represents a 4.07 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 122,375 shares of company stock valued at $46,197,236 over the last ninety days. Corporate insiders own 4.34% of the company's stock.

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.