Prudential PLC Buys 4,108 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Prudential PLC lifted its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 16.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 28,560 shares of the company’s stock after acquiring an additional 4,108 shares during the period. Prudential PLC’s holdings in CrowdStrike were worth $9,772,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CRWD. Vanguard Group Inc. boosted its holdings in shares of CrowdStrike by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 21,926,011 shares of the company’s stock worth $7,502,204,000 after purchasing an additional 342,294 shares in the last quarter. State Street Corp lifted its position in CrowdStrike by 2.9% in the 3rd quarter. State Street Corp now owns 9,630,776 shares of the company’s stock worth $2,701,144,000 after buying an additional 275,717 shares during the last quarter. Jennison Associates LLC boosted its stake in CrowdStrike by 6.9% in the fourth quarter. Jennison Associates LLC now owns 5,420,980 shares of the company’s stock worth $1,854,843,000 after buying an additional 352,180 shares in the last quarter. Geode Capital Management LLC grew its position in CrowdStrike by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 5,018,441 shares of the company’s stock valued at $1,712,063,000 after acquiring an additional 124,984 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of CrowdStrike during the fourth quarter worth approximately $1,111,542,000. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, 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 completion of the sale, the insider now owns 98,214 shares of the company’s stock, valued at $34,857,130.74. The trade was a 3.91 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Sameer K. Gandhi sold 6,250 shares of the firm’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $412.39, for a total value of $2,577,437.50. Following the completion of the transaction, the director now directly owns 805,592 shares in the company, valued at approximately $332,218,084.88. This represents a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 114,551 shares of company stock valued at $43,527,642 in the last quarter. 4.34% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on CRWD shares. Guggenheim reaffirmed a “neutral” rating on shares of CrowdStrike in a report on Wednesday, March 5th. Baird R W cut CrowdStrike from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 3rd. BMO Capital Markets boosted their target price on CrowdStrike from $380.00 to $405.00 and gave the company an “outperform” rating in a research note on Wednesday, March 5th. Jefferies Financial Group reduced their price target on CrowdStrike from $425.00 to $410.00 and set a “buy” rating on the stock in a research report on Monday, March 31st. Finally, Piper Sandler set a $347.00 price objective on CrowdStrike in a research note on Wednesday, March 5th. Two research 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 stock. According to data from MarketBeat, CrowdStrike presently has an average rating of “Moderate Buy” and a consensus price target of $400.88.

CrowdStrike Stock Performance

CRWD stock opened at $321.63 on Friday. The company has a market cap of $79.72 billion, a P/E ratio of 630.66, a price-to-earnings-growth ratio of 17.86 and a beta of 1.28. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. CrowdStrike Holdings, Inc. has a 1 year low of $200.81 and a 1 year high of $455.59. The stock’s fifty day moving average price is $386.18 and its 200-day moving average price is $351.38.

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.