TCV Trust & Wealth Management Inc. Buys Shares of 675 CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

TCV Trust & Wealth Management Inc. acquired a new position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 675 shares of the company's stock, valued at approximately $231,000.

Other hedge funds also recently added to or reduced their stakes in the company. State Street Corp lifted its position in shares of CrowdStrike by 2.9% in the 3rd 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 during the last quarter. Jennison Associates LLC lifted its position in shares of CrowdStrike by 6.9% in the 4th 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 during the last quarter. Geode Capital Management LLC lifted its position in shares of CrowdStrike by 2.0% in the 3rd 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 during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of CrowdStrike by 12.3% in the 3rd 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 during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of CrowdStrike by 1.6% in the 3rd 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 during the last quarter. 71.16% of the stock is owned by institutional investors and hedge funds.

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CrowdStrike Trading Down 0.4 %

Shares of CrowdStrike stock traded down $2.03 during trading on Friday, hitting $451.74. The stock had a trading volume of 2,842,359 shares, compared to its average volume of 3,201,230. The stock has a 50 day simple moving average of $376.70 and a 200 day simple moving average of $322.24. The company has a market capitalization of $111.27 billion, a PE ratio of 885.78, a P/E/G ratio of 17.22 and a beta of 1.16. 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 1 year low of $200.81 and a 1 year high of $454.13.

Analysts Set New Price Targets

CRWD has been the topic of a number of recent research reports. Citigroup raised their price target on shares of CrowdStrike from $400.00 to $420.00 and gave the stock a "buy" rating in a research report on Friday, January 17th. Susquehanna raised their price target on shares of CrowdStrike from $310.00 to $400.00 and gave the stock a "positive" rating in a research report on Wednesday, November 27th. Needham & Company LLC lifted their price objective on shares of CrowdStrike from $360.00 to $420.00 and gave the company a "buy" rating in a research report on Wednesday, November 27th. Piper Sandler lifted their price objective on shares of CrowdStrike from $290.00 to $375.00 and gave the company an "overweight" rating in a research report on Wednesday, November 27th. Finally, Mizuho lifted their price objective on shares of CrowdStrike from $385.00 to $450.00 and gave the company an "outperform" rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $376.00.

Insider Transactions at CrowdStrike

In related news, CAO Anurag Saha sold 1,863 shares of the firm's stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $358.46, for a total transaction of $667,810.98. Following the completion of the sale, the chief accounting officer now directly owns 41,059 shares in the company, valued at approximately $14,718,009.14. This trade represents a 4.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Sameer K. Gandhi sold 17,120 shares of the firm's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $428.13, for a total transaction of $7,329,585.60. Following the sale, the director now owns 780,592 shares of the company's stock, valued at approximately $334,194,852.96. This represents a 2.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 132,565 shares of company stock valued at $49,235,849 over the last ninety days. Corporate insiders own 4.34% of the company's stock.

About CrowdStrike

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.