Zevenbergen Capital Investments LLC Has $101.40 Million Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Zevenbergen Capital Investments LLC lifted its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 2.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 296,342 shares of the company's stock after acquiring an additional 7,722 shares during the period. CrowdStrike makes up about 2.1% of Zevenbergen Capital Investments LLC's investment portfolio, making the stock its 15th biggest position. Zevenbergen Capital Investments LLC owned 0.12% of CrowdStrike worth $101,396,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the business. Berbice Capital Management LLC bought a new position in shares of CrowdStrike during the fourth quarter valued at $27,000. FPC Investment Advisory Inc. increased its position in shares of 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 purchasing an additional 73 shares in the last quarter. Fortitude Family Office LLC lifted its holdings in CrowdStrike by 112.8% during the 4th quarter. Fortitude Family Office LLC now owns 83 shares of the company's stock valued at $28,000 after purchasing an additional 44 shares during the last quarter. Crowley Wealth Management Inc. acquired a new position in CrowdStrike in the fourth quarter valued at about $34,000. Finally, Luken Investment Analytics LLC bought a new stake in CrowdStrike during the fourth quarter worth about $34,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CAO Anurag Saha sold 2,141 shares of the business's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $371.79, for a total value of $796,002.39. Following the sale, the chief accounting officer now owns 34,024 shares of the company's stock, valued at $12,649,782.96. The trade was a 5.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Shawn Henry sold 4,000 shares of the firm's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $450.67, for a total transaction of $1,802,680.00. Following the completion of the transaction, the insider now directly owns 94,214 shares of the company's stock, valued at approximately $42,459,423.38. This trade represents a 4.07 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 110,801 shares of company stock worth $42,092,255. Corporate insiders own 4.34% of the company's stock.

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CrowdStrike Stock Down 1.3 %

Shares of CRWD stock traded down $4.85 during trading hours on Thursday, hitting $366.56. 2,660,790 shares of the company were exchanged, compared to its average volume of 4,777,020. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week 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 business has a 50 day moving average of $388.15 and a two-hundred day moving average of $347.35. The company has a market capitalization of $90.86 billion, a PE ratio of 718.76, a PEG ratio of 17.86 and a beta of 1.19.

Analysts Set New Price Targets

Several brokerages have recently commented on CRWD. Hsbc Global Res downgraded CrowdStrike from a "strong-buy" rating to a "hold" rating in a report on Wednesday, November 27th. Guggenheim restated a "neutral" rating on shares of CrowdStrike in a report on Wednesday, March 5th. Needham & Company LLC restated a "buy" rating and issued a $420.00 target price on shares of CrowdStrike in a research note on Wednesday, March 5th. Baird R W downgraded shares of CrowdStrike from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 3rd. Finally, Royal Bank of Canada restated an "outperform" rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $400.26.

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.