CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Stock Position Lifted by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. lifted its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 21.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 111,105 shares of the company's stock after purchasing an additional 19,821 shares during the quarter. Royal London Asset Management Ltd.'s holdings in CrowdStrike were worth $38,016,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Empirical Asset Management LLC bought a new position in CrowdStrike during the 4th quarter worth about $11,310,000. Arcadia Investment Management Corp MI grew its holdings in shares of CrowdStrike by 30.8% during the fourth quarter. Arcadia Investment Management Corp MI now owns 11,954 shares of the company's stock worth $4,090,000 after buying an additional 2,814 shares in the last quarter. Greenleaf Trust raised its position in CrowdStrike by 53.4% in the 4th quarter. Greenleaf Trust now owns 2,967 shares of the company's stock valued at $1,015,000 after buying an additional 1,033 shares during the last quarter. Trifecta Capital Advisors LLC boosted its position in CrowdStrike by 2,140.3% during the 4th quarter. Trifecta Capital Advisors LLC now owns 8,961 shares of the company's stock worth $3,066,000 after acquiring an additional 8,561 shares during the last quarter. Finally, Fifth Third Bancorp grew its stake in shares of CrowdStrike by 42.6% during the 4th quarter. Fifth Third Bancorp now owns 44,609 shares of the company's stock worth $15,263,000 after acquiring an additional 13,323 shares in the last quarter. Institutional investors own 71.16% of the company's stock.

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Insider Activity

In other news, CAO Anurag Saha sold 2,858 shares of the firm's stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $364.29, for a total value of $1,041,140.82. Following the transaction, the chief accounting officer now owns 38,201 shares of the company's stock, valued at approximately $13,916,242.29. This trade represents a 6.96 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Shawn Henry sold 4,000 shares of the company's stock in a transaction that occurred 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 transaction, the insider now owns 98,214 shares of the company's stock, valued at approximately $34,857,130.74. This represents a 3.91 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 52,858 shares of company stock worth $21,288,706 over the last ninety days. 4.34% of the stock is currently owned by insiders.

CrowdStrike Stock Performance

NASDAQ CRWD traded up $10.40 on Monday, reaching $372.64. The stock had a trading volume of 4,144,121 shares, compared to its average volume of 4,768,325. The business's 50-day moving average price is $386.53 and its 200 day moving average price is $345.25. The stock has a market cap of $92.37 billion, a P/E ratio of 730.68, a price-to-earnings-growth ratio of 17.86 and a beta of 1.19. CrowdStrike Holdings, Inc. has a 12-month low of $200.81 and a 12-month high of $455.59. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86.

Wall Street Analyst Weigh In

Several research firms have weighed in on CRWD. Guggenheim reaffirmed a "neutral" rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Needham & Company LLC reiterated a "buy" rating and issued a $420.00 price target on shares of CrowdStrike in a research note on Wednesday, March 5th. Truist Financial lifted their price objective on shares of CrowdStrike from $385.00 to $460.00 and gave the company a "buy" rating in a research report on Wednesday, February 12th. Oppenheimer upped their price objective on shares of CrowdStrike from $365.00 to $410.00 and gave the company an "outperform" rating in a report on Wednesday, November 27th. Finally, Cantor Fitzgerald reiterated an "overweight" rating and set a $440.00 target price on shares of CrowdStrike in a research note on Wednesday, March 5th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, CrowdStrike presently has a consensus rating of "Moderate Buy" and an average target price of $399.51.

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.