Prudential PLC Raises Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Prudential PLC grew its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 16.8% during the 4th quarter, Holdings Channel.com reports. The fund owned 28,560 shares of the company’s stock after acquiring an additional 4,108 shares during the period. Prudential PLC’s holdings in CrowdStrike were worth $9,772,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Norges Bank purchased a new position in CrowdStrike during the fourth quarter valued at $1,111,542,000. Raymond James Financial Inc. purchased a new position in shares of CrowdStrike during the fourth quarter valued at about $237,375,000. Amundi increased its holdings in shares of CrowdStrike by 41.9% in the fourth quarter. Amundi now owns 1,382,952 shares of the company’s stock worth $496,093,000 after purchasing an additional 408,190 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of CrowdStrike by 2,586.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 418,094 shares of the company’s stock worth $143,055,000 after buying an additional 402,531 shares in the last quarter. Finally, Franklin Resources Inc. boosted its stake in CrowdStrike by 36.5% during the fourth quarter. Franklin Resources Inc. now owns 1,378,856 shares of the company’s stock valued at $471,789,000 after buying an additional 368,931 shares during the last quarter. Institutional investors own 71.16% of the company’s stock.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $354.91, for a total value of $1,419,640.00. Following the completion of the sale, the insider now directly owns 98,214 shares in the company, valued at approximately $34,857,130.74. This trade represents a 3.91 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Anurag Saha sold 1,496 shares of the business’s stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $358.62, for a total value of $536,495.52. Following the sale, the chief accounting officer now owns 36,165 shares in the company, valued at $12,969,492.30. The trade was a 3.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 114,551 shares of company stock worth $43,527,642 over the last three months. Corporate insiders own 4.34% of the company’s stock.

CrowdStrike Stock Down 7.4 %

NASDAQ:CRWD opened at $321.63 on Friday. The company’s 50-day simple moving average is $386.18 and its 200-day simple moving average is $351.38. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $455.59. The stock has a market capitalization of $79.72 billion, a P/E ratio of 630.66, a P/E/G ratio of 17.86 and a beta of 1.28.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Royal Bank of Canada reaffirmed an “outperform” rating on shares of CrowdStrike in a research note on Wednesday, March 5th. The Goldman Sachs Group reiterated a “buy” rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Baird R W downgraded shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a report on Monday, February 3rd. DA Davidson increased their price target on shares of CrowdStrike from $395.00 to $415.00 and gave the company a “buy” rating in a report on Wednesday, March 5th. Finally, UBS Group reduced their price objective on CrowdStrike from $450.00 to $425.00 and set a “buy” rating on the stock in a research note on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirty have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $400.88.

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.