Legal & General Group Plc Has $643.06 Million Stock Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Legal & General Group Plc trimmed its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 14.9% in the fourth quarter, Holdings Channel reports. The fund owned 1,879,422 shares of the company’s stock after selling 329,981 shares during the quarter. Legal & General Group Plc’s holdings in CrowdStrike were worth $643,063,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in CRWD. Norges Bank bought a new stake in CrowdStrike in the fourth quarter valued at approximately $1,111,542,000. Raymond James Financial Inc. bought a new stake in shares of CrowdStrike in the 4th quarter valued at $237,375,000. Amundi raised its stake in CrowdStrike by 41.9% during the fourth quarter. Amundi now owns 1,382,952 shares of the company’s stock worth $496,093,000 after buying an additional 408,190 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in CrowdStrike by 2,586.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 418,094 shares of the company’s stock valued at $143,055,000 after acquiring an additional 402,531 shares during the last quarter. Finally, Franklin Resources Inc. raised its position in shares of CrowdStrike by 36.5% in the 4th quarter. Franklin Resources Inc. now owns 1,378,856 shares of the company’s stock worth $471,789,000 after acquiring an additional 368,931 shares in the last quarter. 71.16% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CAO Anurag Saha sold 1,496 shares of the stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $358.62, for a total transaction of $536,495.52. Following the transaction, the chief accounting officer now owns 36,165 shares in the company, valued at $12,969,492.30. This represents a 3.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $354.91, for a total transaction of $1,419,640.00. Following the sale, the insider now owns 98,214 shares of the company’s stock, valued at approximately $34,857,130.74. This represents a 3.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 114,551 shares of company stock worth $43,527,642 over the last three months. 4.34% of the stock is currently owned by corporate insiders.

CrowdStrike Stock Performance

CrowdStrike stock opened at $321.63 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. The stock’s 50 day moving average is $386.18 and its 200 day moving average is $352.56. CrowdStrike Holdings, Inc. has a twelve month low of $200.81 and a twelve month high of $455.59. The company has a market capitalization of $79.72 billion, a P/E ratio of 630.66, a PEG ratio of 17.86 and a beta of 1.28.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CRWD. Mizuho lifted their price objective on shares of CrowdStrike from $385.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, February 12th. UBS Group dropped their price target on CrowdStrike from $450.00 to $425.00 and set a “buy” rating on the stock in a research note on Wednesday, March 5th. Evercore ISI increased their target price on CrowdStrike from $400.00 to $450.00 and gave the stock an “outperform” rating in a report on Wednesday, March 5th. Susquehanna raised their price target on shares of CrowdStrike from $400.00 to $425.00 and gave the company a “positive” rating in a research report on Wednesday, March 5th. Finally, KeyCorp dropped their target price on CrowdStrike from $480.00 to $450.00 and set an “overweight” rating on the stock in a report on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirty have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently 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.