Principal Securities Inc. Has $4.23 Million Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Principal Securities Inc. lessened its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 13.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,348 shares of the company’s stock after selling 1,951 shares during the quarter. Principal Securities Inc.’s holdings in CrowdStrike were worth $4,225,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in CRWD. Jennison Associates LLC increased its holdings in CrowdStrike by 25.0% during the 3rd quarter. Jennison Associates LLC now owns 5,068,800 shares of the company’s stock worth $1,421,646,000 after purchasing an additional 1,013,161 shares in the last quarter. International Assets Investment Management LLC grew its holdings in shares of CrowdStrike by 17,926.3% during the third quarter. International Assets Investment Management LLC now owns 925,831 shares of the company’s stock worth $259,668,000 after buying an additional 920,695 shares in the last quarter. Daiwa Securities Group Inc. raised its position in CrowdStrike by 1,655.9% in the 3rd quarter. Daiwa Securities Group Inc. now owns 755,951 shares of the company’s stock valued at $212,021,000 after buying an additional 712,900 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in CrowdStrike by 248.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 521,198 shares of the company’s stock valued at $146,180,000 after acquiring an additional 371,695 shares in the last quarter. Finally, State Street Corp boosted its position in CrowdStrike by 2.9% during the 3rd quarter. State Street Corp now owns 9,630,776 shares of the company’s stock worth $2,701,144,000 after acquiring an additional 275,717 shares during the last quarter. Institutional investors own 71.16% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on CRWD. Wells Fargo & Company boosted their price objective on shares of CrowdStrike from $350.00 to $400.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. Bank of America boosted their price target on shares of CrowdStrike from $365.00 to $400.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Mizuho raised their price objective on CrowdStrike from $385.00 to $450.00 and gave the company an “outperform” rating in a report on Wednesday, February 12th. Robert W. Baird reiterated a “neutral” rating and set a $430.00 target price (up previously from $390.00) on shares of CrowdStrike in a report on Monday, February 3rd. Finally, JMP Securities reissued a “market outperform” rating and set a $400.00 price target on shares of CrowdStrike in a research report on Monday, November 4th. One equities research 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 given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $376.00.

Insider Buying and Selling

In other news, CAO Anurag Saha sold 1,863 shares of the stock in a transaction dated Monday, December 23rd. The shares were 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 owns 41,059 shares of the company’s stock, valued at approximately $14,718,009.14. This represents a 4.34 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Shawn Henry sold 4,500 shares of CrowdStrike stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $368.14, for a total transaction of $1,656,630.00. Following the sale, the insider now directly owns 115,798 shares in the company, valued at $42,629,875.72. This trade represents a 3.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 132,565 shares of company stock worth $49,235,849. Corporate insiders own 4.34% of the company’s stock.

CrowdStrike Trading Down 0.4 %

Shares of CrowdStrike stock opened at $451.74 on Monday. 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 12-month low of $200.81 and a 12-month high of $454.13. The company has a market capitalization of $111.27 billion, a price-to-earnings ratio of 885.78, a PEG ratio of 17.22 and a beta of 1.16. The firm’s 50-day moving average price is $376.70 and its two-hundred day moving average price is $322.86.

CrowdStrike Profile

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.