Sterling Capital Management LLC Boosts Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Sterling Capital Management LLC increased its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 7.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,299 shares of the company's stock after acquiring an additional 1,287 shares during the quarter. Sterling Capital Management LLC's holdings in CrowdStrike were worth $6,603,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Berbice Capital Management LLC acquired a new position in shares of CrowdStrike during the fourth quarter valued at about $27,000. Fortitude Family Office LLC raised its stake in CrowdStrike by 112.8% during the 4th quarter. Fortitude Family Office LLC now owns 83 shares of the company's stock worth $28,000 after buying an additional 44 shares during the period. FPC Investment Advisory Inc. raised its stake in CrowdStrike by 811.1% during the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company's stock worth $28,000 after buying an additional 73 shares during the period. Luken Investment Analytics LLC acquired a new stake in CrowdStrike in the fourth quarter valued at approximately $34,000. Finally, Crowley Wealth Management Inc. acquired a new stake in CrowdStrike in the fourth quarter valued at approximately $34,000. Institutional investors and hedge funds own 71.16% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CRWD. Morgan Stanley set a $429.00 target price on CrowdStrike in a report on Tuesday, March 18th. Jefferies Financial Group decreased their target price on shares of CrowdStrike from $425.00 to $410.00 and set a "buy" rating for the company in a research report on Monday, March 31st. Piper Sandler set a $347.00 price target on shares of CrowdStrike in a research report on Wednesday, March 5th. Royal Bank of Canada reissued an "outperform" rating on shares of CrowdStrike in a report on Wednesday, March 5th. Finally, Guggenheim restated a "neutral" rating on shares of CrowdStrike in a report on Wednesday, March 5th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, thirty have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $400.88.

Remove Ads

Insider Buying and Selling at CrowdStrike

In related news, President Michael Sentonas sold 13,543 shares of the firm's stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $358.62, for a total transaction of $4,856,790.66. Following the transaction, the president now directly owns 405,308 shares in the company, valued at $145,351,554.96. This trade represents a 3.23 % 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, insider Shawn Henry sold 4,000 shares of the business's stock in a transaction that occurred on Wednesday, January 15th. The shares were 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 have sold 120,801 shares of company stock worth $45,553,642 over the last 90 days. Corporate insiders own 4.34% of the company's stock.

CrowdStrike Price Performance

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

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.