Royal London Asset Management Ltd. Acquires 4,632 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Royal London Asset Management Ltd. boosted its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 5.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 91,284 shares of the company's stock after purchasing an additional 4,632 shares during the quarter. Royal London Asset Management Ltd.'s holdings in CrowdStrike were worth $25,602,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Abich Financial Wealth Management LLC bought a new position in shares of CrowdStrike in the second quarter worth about $25,000. Family Firm Inc. acquired a new position in shares of CrowdStrike during the second quarter worth approximately $30,000. Itau Unibanco Holding S.A. bought a new stake in shares of CrowdStrike in the second quarter valued at approximately $33,000. Unique Wealth Strategies LLC acquired a new stake in shares of CrowdStrike in the second quarter worth $36,000. Finally, Hobbs Group Advisors LLC bought a new position in CrowdStrike during the second quarter worth $38,000. Institutional investors and hedge funds own 71.16% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on CRWD shares. Sanford C. Bernstein decreased their price target on shares of CrowdStrike from $334.00 to $327.00 and set an "outperform" rating on the stock in a research report on Thursday, September 5th. BMO Capital Markets lifted their target price on CrowdStrike from $315.00 to $380.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 27th. Robert W. Baird boosted their price target on shares of CrowdStrike from $375.00 to $390.00 and gave the company an "outperform" rating in a report on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of CrowdStrike from $350.00 to $275.00 and set a "hold" rating for the company in a report on Monday, August 26th. Finally, Canaccord Genuity Group reissued a "buy" rating and issued a $330.00 target price on shares of CrowdStrike in a research note on Monday, September 30th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have issued a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, CrowdStrike presently has a consensus rating of "Moderate Buy" and an average target price of $355.80.

Insiders Place Their Bets

In related news, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $349.34, for a total value of $2,183,375.00. Following the sale, the director now directly owns 809,266 shares in the company, valued at $282,708,984.44. This trade represents a 0.77 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Gerhard Watzinger sold 30,000 shares of CrowdStrike stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $348.93, for a total transaction of $10,467,900.00. Following the transaction, the director now directly owns 42,391 shares in the company, valued at $14,791,491.63. The trade was a 41.44 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 144,498 shares of company stock valued at $45,116,385. Company insiders own 4.34% of the company's stock.

CrowdStrike Trading Up 0.2 %

Shares of CRWD traded up $0.81 on Friday, reaching $365.65. 3,235,691 shares of the company's stock were exchanged, compared to its average volume of 3,955,477. The business has a 50 day moving average price of $321.32 and a two-hundred day moving average price of $313.67. CrowdStrike Holdings, Inc. has a 12 month low of $200.81 and a 12 month high of $398.33. The stock has a market capitalization of $90.06 billion, a P/E ratio of 716.97, a price-to-earnings-growth ratio of 19.55 and a beta of 1.11. The company has a current ratio of 1.86, a quick ratio of 1.90 and a debt-to-equity ratio of 0.24.

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.