Xponance Inc. Boosts Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Xponance Inc. increased its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 3.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 54,608 shares of the company’s stock after buying an additional 1,941 shares during the quarter. Xponance Inc.’s holdings in CrowdStrike were worth $18,685,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CRWD. Jennison Associates LLC lifted its position in CrowdStrike by 25.0% in the 3rd quarter. Jennison Associates LLC now owns 5,068,800 shares of the company’s stock valued at $1,421,646,000 after acquiring an additional 1,013,161 shares in the last quarter. Daiwa Securities Group Inc. lifted its holdings in shares of CrowdStrike by 1,655.9% during the 3rd quarter. Daiwa Securities Group Inc. now owns 755,951 shares of the company’s stock valued at $212,021,000 after buying an additional 712,900 shares during the period. Raymond James Financial Inc. bought a new position in shares of CrowdStrike during the 4th quarter valued at $237,375,000. Amundi lifted its holdings in shares of CrowdStrike by 41.9% during the 4th quarter. Amundi now owns 1,382,952 shares of the company’s stock valued at $496,093,000 after buying an additional 408,190 shares during the period. Finally, State Street Corp lifted its holdings in shares of CrowdStrike by 2.9% during the 3rd quarter. State Street Corp now owns 9,630,776 shares of the company’s stock valued at $2,701,144,000 after buying an additional 275,717 shares during the period. 71.16% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CRWD has been the topic of several research analyst reports. Citigroup reissued a “buy” rating on shares of CrowdStrike in a report on Wednesday, February 5th. JPMorgan Chase & Co. upped their price objective on CrowdStrike from $418.00 to $450.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. KeyCorp reduced 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. Truist Financial upped their price objective on CrowdStrike from $385.00 to $460.00 and gave the stock a “buy” rating in a research note on Wednesday, February 12th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $440.00 price objective on shares of CrowdStrike in a research note on Wednesday, March 5th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $398.78.

CrowdStrike Trading Up 3.1 %

Shares of CrowdStrike stock opened at $364.83 on Tuesday. The stock has a market cap of $89.86 billion, a P/E ratio of 715.37, a P/E/G ratio of 17.86 and a beta of 1.19. The stock’s 50 day simple moving average is $385.67 and its 200-day simple moving average is $342.51. CrowdStrike Holdings, Inc. has a 1-year low of $200.81 and a 1-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.

Insider Activity at CrowdStrike

In other news, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was 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 approximately $42,459,423.38. This represents a 4.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Michael Sentonas sold 10,801 shares of the company’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $358.47, for a total value of $3,871,834.47. Following the sale, the president now directly owns 389,589 shares in the company, valued at $139,655,968.83. This represents a 2.70 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 100,315 shares of company stock worth $38,319,124. Insiders own 4.34% of the company’s stock.

CrowdStrike Profile

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.