Rockefeller Capital Management L.P. Acquires 37,498 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Rockefeller Capital Management L.P. grew its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 11.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 376,050 shares of the company's stock after buying an additional 37,498 shares during the period. Rockefeller Capital Management L.P. owned approximately 0.15% of CrowdStrike worth $128,669,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in CrowdStrike by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 21,926,011 shares of the company's stock valued at $7,502,204,000 after purchasing an additional 342,294 shares in the last quarter. Jennison Associates LLC boosted its stake in CrowdStrike by 6.9% during the 4th 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 during the last quarter. Geode Capital Management LLC increased its holdings in CrowdStrike by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 5,018,441 shares of the company's stock worth $1,712,063,000 after purchasing an additional 124,984 shares in the last quarter. Norges Bank purchased a new stake in shares of CrowdStrike in the fourth quarter worth approximately $1,111,542,000. Finally, FMR LLC lifted its holdings in shares of 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 purchasing an additional 287,960 shares in the last quarter. Institutional investors and hedge funds own 71.16% of the company's stock.

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Insider Transactions at CrowdStrike

In related news, CEO George Kurtz sold 22,449 shares of CrowdStrike stock in a transaction on Friday, March 21st. The shares were sold at an average price of $358.68, for a total transaction of $8,052,007.32. Following the transaction, the chief executive officer now owns 2,178,452 shares in the company, valued at approximately $781,367,163.36. The trade was a 1.02 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Shawn Henry sold 4,000 shares of the stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $354.91, for a total value of $1,419,640.00. Following the completion of the sale, the insider now owns 98,214 shares of the company's stock, valued at $34,857,130.74. The trade was a 3.91 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 120,801 shares of company stock worth $45,553,642 in the last three months. Corporate insiders own 4.34% of the company's stock.

CrowdStrike Stock Performance

Shares of NASDAQ:CRWD traded up $0.76 during trading on Monday, hitting $378.66. The company's stock had a trading volume of 3,042,891 shares, compared to its average volume of 5,002,377. The company has a 50-day moving average of $380.13 and a 200-day moving average of $355.34. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. The firm has a market cap of $93.86 billion, a price-to-earnings ratio of 742.49, a P/E/G ratio of 17.86 and a beta of 1.28. CrowdStrike Holdings, Inc. has a 12 month low of $200.81 and a 12 month high of $455.59.

Analyst Ratings Changes

A number of equities analysts recently weighed in on CRWD shares. Susquehanna boosted their price target on shares of CrowdStrike from $400.00 to $425.00 and gave the stock a "positive" rating in a report on Wednesday, March 5th. Barclays reduced their price target on shares of CrowdStrike from $506.00 to $475.00 and set an "overweight" rating for the company in a research report on Wednesday, March 5th. Evercore ISI boosted their target price on CrowdStrike from $400.00 to $450.00 and gave the stock an "outperform" rating in a research report on Wednesday, March 5th. Rosenblatt Securities restated a "buy" rating and issued a $450.00 price objective on shares of CrowdStrike in a research report on Wednesday, March 5th. Finally, Raymond James lowered shares of CrowdStrike from an "outperform" rating to a "cautious" rating in a report on Monday, March 10th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, thirty have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, CrowdStrike has a consensus rating of "Moderate Buy" and an average target price of $400.88.

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.