Pinebridge Investments L.P. Increases Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Pinebridge Investments L.P. raised its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 11.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 161,779 shares of the company's stock after purchasing an additional 16,679 shares during the period. Pinebridge Investments L.P. owned about 0.07% of CrowdStrike worth $55,354,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in CRWD. Vanguard Group Inc. lifted its stake in CrowdStrike by 1.6% in 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 boosted its stake in shares of CrowdStrike by 6.9% during the fourth quarter. Jennison Associates LLC now owns 5,420,980 shares of the company's stock valued at $1,854,843,000 after purchasing an additional 352,180 shares in the last quarter. Geode Capital Management LLC increased its holdings in CrowdStrike by 2.6% during 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 buying an additional 124,984 shares during the period. Norges Bank bought a new position in CrowdStrike in the fourth quarter worth approximately $1,111,542,000. Finally, FMR LLC lifted its holdings in CrowdStrike by 15.0% during the fourth quarter. FMR LLC now owns 2,204,171 shares of the company's stock worth $754,179,000 after buying an additional 287,960 shares during the period. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at CrowdStrike

In other news, Director Sameer K. Gandhi sold 6,250 shares of the company's stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $412.39, for a total value of $2,577,437.50. Following the transaction, the director now directly owns 805,592 shares in the company, valued at approximately $332,218,084.88. This represents a 0.77 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Johanna Flower sold 2,974 shares of CrowdStrike stock in a transaction that occurred on Monday, April 21st. The shares were sold at an average price of $362.48, for a total transaction of $1,078,015.52. Following the completion of the sale, the director now owns 82,875 shares of the company's stock, valued at $30,040,530. This trade represents a 3.46 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 122,375 shares of company stock worth $46,197,236 in the last quarter. Company insiders own 4.34% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently commented on CRWD. Royal Bank of Canada reissued an "outperform" rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Mizuho raised their price target on shares of CrowdStrike from $385.00 to $450.00 and gave the company an "outperform" rating in a report on Wednesday, February 12th. Truist Financial reduced their price objective on shares of CrowdStrike from $460.00 to $450.00 and set a "buy" rating for the company in a research note on Monday, March 31st. Jefferies Financial Group decreased their price objective on CrowdStrike from $425.00 to $410.00 and set a "buy" rating for the company in a report on Monday, March 31st. Finally, Susquehanna boosted their price target on CrowdStrike from $400.00 to $425.00 and gave the stock a "positive" rating in a research note on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty have given a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $400.76.

CrowdStrike Price Performance

CRWD traded up $10.83 on Friday, reaching $424.88. 3,330,958 shares of the company's stock were exchanged, compared to its average volume of 5,041,712. The stock has a market cap of $105.32 billion, a PE ratio of 833.11, a P/E/G ratio of 17.86 and a beta of 1.28. The stock's fifty day moving average price is $370.57 and its 200-day moving average price is $360.43. CrowdStrike Holdings, Inc. has a twelve month low of $200.81 and a twelve month high of $455.59. 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 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.