Sumitomo Mitsui DS Asset Management Company Ltd Boosts Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 2.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 52,545 shares of the company’s stock after buying an additional 1,130 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in CrowdStrike were worth $17,979,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Berbice Capital Management LLC purchased a new position in shares of CrowdStrike during the 4th quarter worth approximately $27,000. Oakworth Capital Inc. bought a new stake in shares of CrowdStrike during the third quarter valued at approximately $28,000. Fortitude Family Office LLC grew its stake in CrowdStrike by 112.8% in the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock worth $28,000 after purchasing an additional 44 shares during the period. Tsfg LLC raised its holdings in CrowdStrike by 593.3% in the third quarter. Tsfg LLC now owns 104 shares of the company’s stock worth $29,000 after purchasing an additional 89 shares in the last quarter. Finally, Castleview Partners LLC purchased a new position in CrowdStrike during the third quarter valued at $32,000. 71.16% of the stock is owned by institutional investors.

CrowdStrike Trading Up 0.8 %

Shares of NASDAQ:CRWD opened at $420.51 on Friday. CrowdStrike Holdings, Inc. has a 12-month low of $200.81 and a 12-month high of $421.63. The company has a market cap of $103.58 billion, a PE ratio of 824.55, a price-to-earnings-growth ratio of 21.13 and a beta of 1.16. The stock has a 50 day moving average of $365.55 and a 200 day moving average of $314.12. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24.

Insiders Place Their Bets

In other news, Director Sameer K. Gandhi sold 6,250 shares of the company’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $412.39, for a total value of $2,577,437.50. Following the completion of the transaction, the director now owns 805,592 shares of the company’s stock, valued at $332,218,084.88. This represents a 0.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Gerhard Watzinger sold 30,000 shares of CrowdStrike stock in a transaction that occurred on 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 sale, the director now directly owns 42,391 shares in the company, valued at $14,791,491.63. This trade represents a 41.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 111,565 shares of company stock worth $39,898,614 over the last three months. 4.34% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on CRWD shares. CICC Research began coverage on shares of CrowdStrike in a research note on Monday, November 18th. They issued a “market perform” rating and a $295.00 price target for the company. Robert W. Baird reaffirmed a “neutral” rating and set a $430.00 target price (up previously from $390.00) on shares of CrowdStrike in a research note on Monday. Evercore ISI boosted their price target on CrowdStrike from $325.00 to $400.00 and gave the stock an “outperform” rating in a research report on Monday, November 25th. JPMorgan Chase & Co. raised their price objective on CrowdStrike from $372.00 to $418.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. Finally, Barclays lifted their price objective on CrowdStrike from $295.00 to $372.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $370.00.

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.