Schear Investment Advisers LLC Raises Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Schear Investment Advisers LLC lifted its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 13.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,367 shares of the company's stock after acquiring an additional 764 shares during the period. CrowdStrike makes up approximately 1.2% of Schear Investment Advisers LLC's investment portfolio, making the stock its 21st largest position. Schear Investment Advisers LLC's holdings in CrowdStrike were worth $2,179,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of CRWD. State Street Corp grew its stake in CrowdStrike by 2.9% during the third quarter. State Street Corp now owns 9,630,776 shares of the company's stock worth $2,701,144,000 after buying an additional 275,717 shares in the last quarter. Jennison Associates LLC grew its stake in CrowdStrike by 6.9% during the fourth quarter. Jennison Associates LLC now owns 5,420,980 shares of the company's stock worth $1,854,843,000 after buying an additional 352,180 shares in the last quarter. Geode Capital Management LLC grew its stake in CrowdStrike by 2.0% during the third quarter. Geode Capital Management LLC now owns 4,893,457 shares of the company's stock worth $1,367,505,000 after buying an additional 97,990 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in CrowdStrike by 12.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,570,440 shares of the company's stock worth $440,461,000 after buying an additional 171,861 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in CrowdStrike by 1.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,354,494 shares of the company's stock worth $379,895,000 after buying an additional 20,899 shares in the last quarter. 71.16% of the stock is currently owned by institutional investors and hedge funds.

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CrowdStrike Stock Down 0.4 %

CRWD stock traded down $2.03 during midday trading on Friday, reaching $451.74. 2,842,359 shares of the company's stock traded hands, compared to its average volume of 3,201,230. The company has a market cap of $111.27 billion, a price-to-earnings ratio of 885.78, a P/E/G ratio of 17.22 and a beta of 1.16. The firm's fifty day moving average price is $376.70 and its 200-day moving average price is $322.24. 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 $454.13.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Evercore ISI increased their target price on shares of CrowdStrike from $325.00 to $400.00 and gave the stock an "outperform" rating in a report on Monday, November 25th. Royal Bank of Canada increased their target price on shares of CrowdStrike from $365.00 to $420.00 and gave the stock an "outperform" rating in a report on Friday, January 3rd. Wells Fargo & Company increased their target price on shares of CrowdStrike from $350.00 to $400.00 and gave the stock an "overweight" rating in a report on Wednesday, November 27th. Barclays increased their target price on shares of CrowdStrike from $295.00 to $372.00 and gave the stock an "overweight" rating in a report on Monday, November 18th. Finally, Citigroup increased their target price on shares of CrowdStrike from $400.00 to $420.00 and gave the stock a "buy" rating in a report on Friday, January 17th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $376.00.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, Director Sameer K. Gandhi sold 17,120 shares of CrowdStrike stock in a transaction on Monday, February 10th. The shares were sold at an average price of $428.13, for a total transaction of $7,329,585.60. Following the transaction, the director now directly owns 780,592 shares of the company's stock, valued at $334,194,852.96. The trade was a 2.15 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Anurag Saha sold 1,863 shares of CrowdStrike stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $358.46, for a total transaction of $667,810.98. Following the transaction, the chief accounting officer now directly owns 41,059 shares in the company, valued at $14,718,009.14. This represents a 4.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 132,565 shares of company stock worth $49,235,849. 4.34% of the stock is owned by corporate insiders.

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.