Principal Financial Group Inc. Raises Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Principal Financial Group Inc. raised its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 1.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 272,080 shares of the company's stock after acquiring an additional 2,603 shares during the quarter. Principal Financial Group Inc. owned approximately 0.11% of CrowdStrike worth $93,095,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Synergy Financial Group LTD increased its stake in shares of CrowdStrike by 0.8% in the third quarter. Synergy Financial Group LTD now owns 3,950 shares of the company's stock worth $1,108,000 after purchasing an additional 30 shares in the last quarter. M3 Advisory Group LLC raised its holdings in shares of CrowdStrike by 2.8% in the 4th quarter. M3 Advisory Group LLC now owns 1,188 shares of the company's stock valued at $407,000 after acquiring an additional 32 shares in the last quarter. Meridian Financial Partners LLC grew its holdings in shares of CrowdStrike by 0.6% during the fourth quarter. Meridian Financial Partners LLC now owns 5,595 shares of the company's stock worth $1,914,000 after purchasing an additional 33 shares in the last quarter. First Affirmative Financial Network increased its position in shares of CrowdStrike by 4.2% in the fourth quarter. First Affirmative Financial Network now owns 811 shares of the company's stock worth $278,000 after purchasing an additional 33 shares during the last quarter. Finally, Hilltop Holdings Inc. raised its stake in CrowdStrike by 1.8% in the third quarter. Hilltop Holdings Inc. now owns 1,932 shares of the company's stock valued at $542,000 after purchasing an additional 34 shares in the last quarter. 71.16% of the stock is owned by institutional investors.

Remove Ads

CrowdStrike Price Performance

Shares of NASDAQ CRWD traded down $29.53 during midday trading on Friday, reaching $406.61. 5,588,416 shares of the stock traded hands, compared to its average volume of 3,150,410. The company's 50 day moving average is $384.76 and its 200 day moving average is $330.35. CrowdStrike Holdings, Inc. has a one year low of $200.81 and a one year high of $455.59. The stock has a market capitalization of $100.15 billion, a PE ratio of 797.30, a P/E/G ratio of 17.86 and a beta of 1.16. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86.

Analysts Set New Price Targets

CRWD has been the subject of a number of research reports. Cantor Fitzgerald boosted their price target on shares of CrowdStrike from $350.00 to $370.00 and gave the stock an "overweight" rating in a research note on Thursday, November 21st. KeyCorp upped their target price on shares of CrowdStrike from $395.00 to $480.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 11th. Morgan Stanley increased their target price on CrowdStrike from $390.00 to $429.00 and gave the company an "overweight" rating in a research note on Wednesday. Hsbc Global Res lowered CrowdStrike from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, November 27th. Finally, Bank of America lifted their target price on shares of CrowdStrike from $365.00 to $400.00 and gave the company a "buy" rating in a research note on Wednesday, November 27th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-eight have assigned a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, CrowdStrike presently has an average rating of "Moderate Buy" and an average price target of $383.08.

Insider Activity

In related news, Director Gerhard Watzinger sold 30,000 shares of the firm's stock in a transaction on Friday, November 29th. The stock was sold at an average price of $348.93, for a total value of $10,467,900.00. Following the completion of the sale, the director now directly owns 42,391 shares in the company, valued at $14,791,491.63. This trade represents a 41.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Anurag Saha sold 1,863 shares of the business's stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $358.46, for a total transaction of $667,810.98. Following the transaction, the chief accounting officer now owns 41,059 shares in the company, valued at $14,718,009.14. This trade represents a 4.34 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 136,565 shares of company stock worth $51,038,529. 4.34% of the stock is currently owned by corporate insiders.

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.