Sterling Capital Management LLC Has $6.60 Million Stock Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Sterling Capital Management LLC lifted its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 7.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 19,299 shares of the company’s stock after purchasing an additional 1,287 shares during the quarter. Sterling Capital Management LLC’s holdings in CrowdStrike were worth $6,603,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of CRWD. Concorde Asset Management LLC grew its stake in CrowdStrike by 3.1% during the fourth quarter. Concorde Asset Management LLC now owns 2,480 shares of the company’s stock worth $849,000 after buying an additional 74 shares in the last quarter. Jaffetilchin Investment Partners LLC lifted its holdings in shares of CrowdStrike by 5.3% during the 4th quarter. Jaffetilchin Investment Partners LLC now owns 4,284 shares of the company’s stock worth $1,466,000 after acquiring an additional 215 shares during the period. Covestor Ltd boosted its position in shares of CrowdStrike by 19.9% during the 4th quarter. Covestor Ltd now owns 531 shares of the company’s stock worth $182,000 after acquiring an additional 88 shares in the last quarter. Argent Trust Co increased its stake in CrowdStrike by 2.5% in the fourth quarter. Argent Trust Co now owns 4,821 shares of the company’s stock valued at $1,650,000 after acquiring an additional 119 shares during the last quarter. Finally, Treasurer of the State of North Carolina raised its position in CrowdStrike by 2.1% during the fourth quarter. Treasurer of the State of North Carolina now owns 101,233 shares of the company’s stock valued at $34,638,000 after purchasing an additional 2,080 shares in the last quarter. Institutional investors own 71.16% of the company’s stock.

Insider Transactions at CrowdStrike

In other news, CAO Anurag Saha sold 1,496 shares of the stock in a transaction dated 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 of the company’s stock, valued at $12,969,492.30. This represents a 3.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction dated Wednesday, January 15th. The shares were 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 of the company’s stock, valued at $34,857,130.74. The trade was a 3.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 120,801 shares of company stock valued at $45,553,642 in the last quarter. 4.34% of the stock is currently owned by company insiders.

CrowdStrike Trading Up 2.5 %

NASDAQ CRWD opened at $377.90 on Friday. CrowdStrike Holdings, Inc. has a one year low of $200.81 and a one year high of $455.59. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. The business has a 50 day simple moving average of $380.13 and a 200 day simple moving average of $354.82. The stock has a market capitalization of $93.67 billion, a P/E ratio of 740.99, a P/E/G ratio of 17.86 and a beta of 1.28.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CRWD. Guggenheim reiterated a “neutral” rating on shares of CrowdStrike in a research note on Wednesday, March 5th. Citigroup reiterated a “buy” rating on shares of CrowdStrike in a research report on Wednesday, February 5th. Jefferies Financial Group dropped their target price on shares of CrowdStrike from $425.00 to $410.00 and set a “buy” rating for the company in a report on Monday, March 31st. Bank of America lifted their price target on shares of CrowdStrike from $400.00 to $420.00 and gave the company a “buy” rating in a report on Wednesday, February 26th. Finally, Raymond James downgraded shares of CrowdStrike from an “outperform” rating to a “cautious” rating in a research note on Monday, March 10th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirty have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.