CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Stock Holdings Lifted by Fifth Third Bancorp

Fifth Third Bancorp grew its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 42.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 44,609 shares of the company’s stock after purchasing an additional 13,323 shares during the period. Fifth Third Bancorp’s holdings in CrowdStrike were worth $15,263,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CRWD. State Street Corp raised its position in CrowdStrike by 2.9% during the third quarter. State Street Corp now owns 9,630,776 shares of the company’s stock valued at $2,701,144,000 after acquiring an additional 275,717 shares in the last quarter. Jennison Associates LLC raised its holdings in shares of CrowdStrike by 25.0% during the 3rd quarter. Jennison Associates LLC now owns 5,068,800 shares of the company’s stock valued at $1,421,646,000 after purchasing an additional 1,013,161 shares in the last quarter. Geode Capital Management LLC lifted its stake 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 valued at $1,367,505,000 after purchasing an additional 97,990 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in CrowdStrike by 12.3% in the third 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 purchasing an additional 171,861 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in CrowdStrike by 1.6% during the third 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 hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $354.91, for a total transaction of $1,419,640.00. Following the completion of the sale, the insider now directly owns 98,214 shares of the company’s stock, valued at $34,857,130.74. The trade was a 3.91 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Anurag Saha sold 2,858 shares of the firm’s stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $364.29, for a total value of $1,041,140.82. Following the transaction, the chief accounting officer now owns 38,201 shares in the company, valued at approximately $13,916,242.29. This trade represents a 6.96 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 110,351 shares of company stock valued at $38,935,113. Company insiders own 4.34% of the company’s stock.

Wall Street Analyst Weigh In

CRWD has been the subject of a number of analyst reports. Needham & Company LLC boosted their price target on CrowdStrike from $360.00 to $420.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Westpark Capital reiterated a “hold” rating on shares of CrowdStrike in a report on Monday, November 25th. Canaccord Genuity Group restated a “buy” rating and issued a $330.00 price objective on shares of CrowdStrike in a research note on Monday, September 30th. Hsbc Global Res lowered shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Finally, Rosenblatt Securities boosted their target price on shares of CrowdStrike from $325.00 to $385.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $369.00.

CrowdStrike Stock Down 0.7 %

Shares of NASDAQ CRWD opened at $374.92 on Friday. CrowdStrike Holdings, Inc. has a 1 year low of $200.81 and a 1 year high of $398.33. The firm’s 50-day moving average is $358.65 and its 200-day moving average is $312.32. 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 firm has a market capitalization of $92.35 billion, a PE ratio of 735.15, a price-to-earnings-growth ratio of 20.07 and a beta of 1.14.

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.