CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Stock Holdings Increased by Concorde Asset Management LLC

Concorde Asset Management LLC lifted its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 3.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,480 shares of the company’s stock after purchasing an additional 74 shares during the quarter. Concorde Asset Management LLC’s holdings in CrowdStrike were worth $849,000 as of its most recent filing with the SEC.

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

Insider Activity

In other CrowdStrike news, CEO George Kurtz sold 22,449 shares of the company’s stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $358.68, for a total value of $8,052,007.32. Following the completion of the transaction, the chief executive officer now owns 2,178,452 shares of the company’s stock, valued at $781,367,163.36. This represents a 1.02 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Anurag Saha sold 1,496 shares of CrowdStrike stock in a transaction that occurred on 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 directly 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. Over the last three months, insiders sold 120,801 shares of company stock valued at $45,553,642. 4.34% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Mizuho boosted their price objective on CrowdStrike from $385.00 to $450.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 12th. KeyCorp cut their price target on shares of CrowdStrike from $480.00 to $450.00 and set an “overweight” rating for the company in a report on Wednesday, March 5th. Canaccord Genuity Group lifted their price objective on shares of CrowdStrike from $370.00 to $420.00 and gave the stock a “buy” rating in a research note on Monday, March 3rd. The Goldman Sachs Group reissued a “buy” rating on shares of CrowdStrike in a research note on Wednesday, March 5th. Finally, Westpark Capital restated a “hold” rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, thirty have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $400.88.

CrowdStrike Trading Down 2.5 %

Shares of CRWD stock opened at $368.61 on Friday. CrowdStrike Holdings, Inc. has a 12 month low of $200.81 and a 12 month high of $455.59. The company has a market cap of $91.37 billion, a PE ratio of 722.78, a price-to-earnings-growth ratio of 17.86 and a beta of 1.28. 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 business’s 50 day moving average is $380.72 and its two-hundred day moving average is $354.19.

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.