Truist Financial Corp Buys 8,168 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Truist Financial Corp raised its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 5.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 160,818 shares of the company's stock after purchasing an additional 8,168 shares during the quarter. Truist Financial Corp owned 0.07% of CrowdStrike worth $55,025,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of CRWD. Blue Trust Inc. raised its position in CrowdStrike by 105.6% in the 3rd quarter. Blue Trust Inc. now owns 3,055 shares of the company's stock valued at $857,000 after buying an additional 1,569 shares during the last quarter. Commonwealth Equity Services LLC boosted its holdings in CrowdStrike by 5.3% during the 3rd quarter. Commonwealth Equity Services LLC now owns 188,217 shares of the company's stock worth $52,789,000 after acquiring an additional 9,517 shares during the last quarter. Narus Financial Partners LLC bought a new stake in shares of CrowdStrike in the 3rd quarter worth $293,000. Gilliland Jeter Wealth Management LLC raised its holdings in shares of CrowdStrike by 45.0% in the third quarter. Gilliland Jeter Wealth Management LLC now owns 290 shares of the company's stock valued at $81,000 after purchasing an additional 90 shares during the last quarter. Finally, Castleview Partners LLC bought a new position in shares of CrowdStrike during the third quarter valued at about $32,000. Institutional investors own 71.16% of the company's stock.

Insider Transactions at CrowdStrike

In other news, CAO Anurag Saha sold 1,863 shares of the company's stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $358.46, for a total value of $667,810.98. Following the completion of the transaction, the chief accounting officer now directly owns 41,059 shares in the company, valued at approximately $14,718,009.14. This represents a 4.34 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gerhard Watzinger sold 30,000 shares of the stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $348.93, for a total value of $10,467,900.00. Following the transaction, the director now owns 42,391 shares in the company, valued at $14,791,491.63. This trade represents a 41.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 136,565 shares of company stock valued at $51,038,529. 4.34% of the stock is owned by corporate insiders.

Remove Ads

Analysts Set New Price Targets

A number of equities research analysts have issued reports on CRWD shares. Westpark Capital reaffirmed a "hold" rating on shares of CrowdStrike in a research report on Monday, November 25th. Bank of America upped their target price on CrowdStrike from $365.00 to $400.00 and gave the company a "buy" rating in a report on Wednesday, November 27th. The Goldman Sachs Group increased their price target on CrowdStrike from $372.00 to $415.00 and gave the company a "buy" rating in a research report on Tuesday, December 24th. JPMorgan Chase & Co. boosted their price objective on CrowdStrike from $372.00 to $418.00 and gave the stock an "overweight" rating in a research report on Monday, December 16th. Finally, KeyCorp raised their target price on CrowdStrike from $395.00 to $480.00 and gave the company an "overweight" rating in a research report on Tuesday, February 11th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $383.08.

CrowdStrike Price Performance

Shares of CRWD stock traded down $29.53 on Friday, reaching $406.61. The company's stock had a trading volume of 5,588,416 shares, compared to its average volume of 3,224,895. The stock's 50 day simple moving average is $384.76 and its 200-day simple moving average is $329.67. CrowdStrike Holdings, Inc. has a 12-month low of $200.81 and a 12-month high of $455.59. The company has a market capitalization of $100.15 billion, a P/E ratio of 797.30, a PEG ratio of 18.44 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.

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.