J. Safra Sarasin Holding AG Buys 9,295 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

J. Safra Sarasin Holding AG increased its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 43.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 30,644 shares of the company’s stock after acquiring an additional 9,295 shares during the period. J. Safra Sarasin Holding AG’s holdings in CrowdStrike were worth $10,485,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Empirical Asset Management LLC bought a new stake in shares of CrowdStrike in the 4th quarter valued at about $11,310,000. Primoris Wealth Advisors LLC bought a new stake in CrowdStrike in the fourth quarter valued at $2,166,000. Arcadia Investment Management Corp MI increased its position in shares of CrowdStrike by 30.8% during the fourth quarter. Arcadia Investment Management Corp MI now owns 11,954 shares of the company’s stock valued at $4,090,000 after buying an additional 2,814 shares during the period. Greenleaf Trust raised its position in shares of CrowdStrike by 53.4% in the 4th quarter. Greenleaf Trust now owns 2,967 shares of the company’s stock worth $1,015,000 after acquiring an additional 1,033 shares in the last quarter. Finally, Trifecta Capital Advisors LLC lifted its stake in shares of CrowdStrike by 2,140.3% in the 4th quarter. Trifecta Capital Advisors LLC now owns 8,961 shares of the company’s stock valued at $3,066,000 after purchasing an additional 8,561 shares during the period. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Rosenblatt Securities restated a “buy” rating and set a $450.00 target price on shares of CrowdStrike in a report on Wednesday, March 5th. BTIG Research raised CrowdStrike from a “neutral” rating to a “buy” rating and set a $431.00 price target on the stock in a research report on Tuesday, March 25th. KeyCorp lowered their price objective on CrowdStrike from $480.00 to $450.00 and set an “overweight” rating for the company in a research note on Wednesday, March 5th. Canaccord Genuity Group raised their price target on CrowdStrike from $370.00 to $420.00 and gave the company a “buy” rating in a report on Monday, March 3rd. Finally, BMO Capital Markets raised their price objective on shares of CrowdStrike from $380.00 to $405.00 and gave the company an “outperform” rating in a research note on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $400.53.

Insider Activity at CrowdStrike

In related news, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $450.67, for a total transaction of $1,802,680.00. Following the sale, the insider now owns 94,214 shares of the company’s stock, valued at $42,459,423.38. This represents a 4.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $412.39, for a total transaction of $2,577,437.50. Following the completion of the transaction, the director now directly owns 805,592 shares of the company’s stock, valued at $332,218,084.88. The trade was a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 119,401 shares of company stock valued at $45,119,220. Insiders own 4.34% of the company’s stock.

CrowdStrike Stock Down 3.4 %

CRWD opened at $362.69 on Tuesday. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $455.59. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. The stock has a market cap of $89.90 billion, a price-to-earnings ratio of 711.17, a price-to-earnings-growth ratio of 17.86 and a beta of 1.28. The firm’s fifty day moving average is $374.34 and its 200 day moving average is $359.31.

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.