O Shaughnessy Asset Management LLC Purchases 2,702 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

O Shaughnessy Asset Management LLC grew its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 15.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,056 shares of the company's stock after acquiring an additional 2,702 shares during the quarter. O Shaughnessy Asset Management LLC's holdings in CrowdStrike were worth $6,862,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of CRWD. Norges Bank acquired a new position in CrowdStrike in the fourth quarter valued at about $1,111,542,000. Raymond James Financial Inc. bought a new position in shares of CrowdStrike during the 4th quarter valued at about $237,375,000. Amundi grew 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 valued at $496,093,000 after purchasing an additional 408,190 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in CrowdStrike by 2,586.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 418,094 shares of the company's stock worth $143,055,000 after purchasing an additional 402,531 shares in the last quarter. Finally, Jennison Associates LLC raised its holdings in CrowdStrike by 6.9% during the 4th quarter. Jennison Associates LLC now owns 5,420,980 shares of the company's stock worth $1,854,843,000 after buying an additional 352,180 shares during the period. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at CrowdStrike

In related news, insider Shawn Henry sold 4,000 shares of the business's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $450.67, for a total value of $1,802,680.00. Following the transaction, the insider now owns 94,214 shares in the company, valued at $42,459,423.38. The trade was a 4.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Burt W. Podbere sold 13,529 shares of the business's stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $358.10, for a total value of $4,844,734.90. Following the completion of the sale, the chief financial officer now directly owns 244,739 shares of the company's stock, valued at $87,641,035.90. The trade was a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 110,801 shares of company stock valued at $42,092,255. 4.34% of the stock is currently owned by insiders.

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Analyst Ratings Changes

Several analysts have issued reports on the company. Scotiabank reissued a "sector perform" rating on shares of CrowdStrike in a research note on Wednesday, February 5th. Piper Sandler set a $347.00 target price on shares of CrowdStrike in a research note on Wednesday, March 5th. Jefferies Financial Group lowered their price objective on CrowdStrike from $425.00 to $410.00 and set a "buy" rating on the stock in a research report on Monday. UBS Group decreased their target price on shares of CrowdStrike from $450.00 to $425.00 and set a "buy" rating on the stock in a research report on Wednesday, March 5th. Finally, Barclays reduced their target price on CrowdStrike from $506.00 to $475.00 and set an "overweight" rating on the stock in a report on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, thirty have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $400.88.

CrowdStrike Stock Performance

CRWD traded up $9.11 during trading on Wednesday, hitting $371.49. The stock had a trading volume of 2,443,358 shares, compared to its average volume of 4,899,503. CrowdStrike Holdings, Inc. has a one year low of $200.81 and a one year high of $455.59. The firm has a market cap of $92.08 billion, a price-to-earnings ratio of 728.43, a P/E/G ratio of 17.86 and a beta of 1.19. The company has a 50 day moving average price of $387.85 and a 200-day moving average price of $351.03. 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 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.