Scotia Capital Inc. Grows Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Scotia Capital Inc. boosted its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 8.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 56,460 shares of the company's stock after buying an additional 4,201 shares during the period. Scotia Capital Inc.'s holdings in CrowdStrike were worth $19,319,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Kovitz Investment Group Partners LLC lifted its stake in CrowdStrike by 216.5% during the third quarter. Kovitz Investment Group Partners LLC now owns 3,905 shares of the company's stock worth $1,095,000 after purchasing an additional 2,671 shares during the last quarter. Continuum Advisory LLC boosted its stake in CrowdStrike by 235.0% in the third quarter. Continuum Advisory LLC now owns 717 shares of the company's stock valued at $201,000 after buying an additional 503 shares in the last quarter. Coldstream Capital Management Inc. grew its position in CrowdStrike by 104.2% in the third quarter. Coldstream Capital Management Inc. now owns 3,482 shares of the company's stock valued at $1,038,000 after acquiring an additional 1,777 shares during the last quarter. Toronto Dominion Bank raised its stake in CrowdStrike by 11.4% during the third quarter. Toronto Dominion Bank now owns 88,836 shares of the company's stock worth $24,916,000 after acquiring an additional 9,114 shares in the last quarter. Finally, Sunbelt Securities Inc. lifted its holdings in shares of CrowdStrike by 42.4% in the third quarter. Sunbelt Securities Inc. now owns 1,814 shares of the company's stock worth $509,000 after acquiring an additional 540 shares during the last quarter. 71.16% of the stock is owned by institutional investors.

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Insider Buying and Selling at CrowdStrike

In other news, Director Sameer K. Gandhi sold 6,250 shares of the firm's stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $324.16, for a total value of $2,026,000.00. Following the transaction, the director now owns 768,092 shares in the company, valued at $248,984,702.72. This trade represents a 0.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gerhard Watzinger sold 10,000 shares of CrowdStrike stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $359.57, for a total value of $3,595,700.00. Following the transaction, the director now directly owns 62,891 shares in the company, valued at approximately $22,613,716.87. The trade was a 13.72 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 120,801 shares of company stock worth $45,553,642. Insiders own 4.34% of the company's stock.

Wall Street Analyst Weigh In

CRWD has been the subject of a number of research analyst reports. Rosenblatt Securities reiterated a "buy" rating and set a $450.00 price objective on shares of CrowdStrike in a research report on Wednesday, March 5th. The Goldman Sachs Group reiterated a "buy" rating on shares of CrowdStrike in a report on Wednesday, March 5th. Cantor Fitzgerald reissued an "overweight" rating and set a $440.00 price objective on shares of CrowdStrike in a report on Wednesday, March 5th. Stifel Nicolaus dropped their target price on CrowdStrike from $475.00 to $435.00 and set a "buy" rating for the company in a research report on Wednesday, March 5th. Finally, Truist Financial dropped their price objective on shares of CrowdStrike from $460.00 to $450.00 and set a "buy" rating for the company in a report on Monday, March 31st. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $400.88.

CrowdStrike Stock Up 0.8 %

Shares of NASDAQ CRWD traded up $3.06 during mid-day trading on Monday, reaching $380.96. 2,264,356 shares of the company's stock traded hands, compared to its average volume of 5,002,247. 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 business has a 50-day simple moving average of $380.13 and a 200 day simple moving average of $355.34. The stock has a market cap of $94.43 billion, a P/E ratio of 747.00, a PEG ratio of 17.86 and a beta of 1.28. CrowdStrike Holdings, Inc. has a 1-year low of $200.81 and a 1-year high of $455.59.

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.