Renaissance Investment Group LLC Increases Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Renaissance Investment Group LLC lifted its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 7.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,324 shares of the company's stock after purchasing an additional 1,524 shares during the quarter. CrowdStrike comprises 1.7% of Renaissance Investment Group LLC's investment portfolio, making the stock its 28th biggest holding. Renaissance Investment Group LLC's holdings in CrowdStrike were worth $7,981,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently made changes to their positions in CRWD. Abich Financial Wealth Management LLC bought a new stake in shares of CrowdStrike during the second quarter worth about $25,000. Oakworth Capital Inc. acquired a new position in CrowdStrike during the 3rd quarter valued at about $28,000. Fortitude Family Office LLC increased its holdings in CrowdStrike by 112.8% during the 4th quarter. Fortitude Family Office LLC now owns 83 shares of the company's stock worth $28,000 after purchasing an additional 44 shares in the last quarter. Tsfg LLC raised its stake in shares of CrowdStrike by 593.3% in the third quarter. Tsfg LLC now owns 104 shares of the company's stock worth $29,000 after purchasing an additional 89 shares during the last quarter. Finally, Castleview Partners LLC purchased a new position in shares of CrowdStrike during the third quarter valued at approximately $32,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CRWD has been the topic of several recent analyst reports. Cantor Fitzgerald raised their price objective on CrowdStrike from $350.00 to $370.00 and gave the company an "overweight" rating in a research note on Thursday, November 21st. JPMorgan Chase & Co. boosted their price target on shares of CrowdStrike from $372.00 to $418.00 and gave the stock an "overweight" rating in a report on Monday, December 16th. CICC Research started coverage on shares of CrowdStrike in a research report on Monday, November 18th. They set a "market perform" rating and a $295.00 target price on the stock. Needham & Company LLC upped their target price on CrowdStrike from $360.00 to $420.00 and gave the company a "buy" rating in a report on Wednesday, November 27th. Finally, Stifel Nicolaus lifted their price target on CrowdStrike from $375.00 to $400.00 and gave the stock a "buy" rating in a report on Wednesday, December 18th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, CrowdStrike currently has a consensus rating of "Moderate Buy" and a consensus price target of $366.38.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,500 shares of the business's stock in a transaction on Monday, December 16th. The shares were sold at an average price of $368.14, for a total value of $1,656,630.00. Following the completion of the sale, the insider now directly owns 115,798 shares of the company's stock, valued at $42,629,875.72. The trade was a 3.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Sameer K. Gandhi sold 5,036 shares of the firm's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $320.48, for a total value of $1,613,937.28. Following the transaction, the director now directly owns 816,730 shares in the company, valued at $261,745,630.40. This trade represents a 0.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 110,351 shares of company stock worth $38,935,113 over the last ninety days. Insiders own 4.34% of the company's stock.

CrowdStrike Price Performance

Shares of CrowdStrike stock traded down $6.38 during trading on Friday, hitting $357.00. 5,025,151 shares of the stock traded hands, compared to its average volume of 2,670,549. The stock has a market cap of $87.93 billion, a price-to-earnings ratio of 700.01, a PEG ratio of 18.55 and a beta of 1.14. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week high of $398.33. The firm's fifty day moving average is $355.86 and its 200-day moving average is $312.41.

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.