CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Stock Holdings Decreased by Legal & General Group Plc

Legal & General Group Plc lessened its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 14.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,879,422 shares of the company’s stock after selling 329,981 shares during the period. Legal & General Group Plc owned about 0.76% of CrowdStrike worth $643,063,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of CRWD. Empirical Asset Management LLC purchased a new stake in CrowdStrike in the 4th quarter worth approximately $11,310,000. Arcadia Investment Management Corp MI increased its position in CrowdStrike by 30.8% in the 4th quarter. Arcadia Investment Management Corp MI now owns 11,954 shares of the company’s stock worth $4,090,000 after purchasing an additional 2,814 shares during the last quarter. Greenleaf Trust raised its stake in shares of CrowdStrike by 53.4% during the 4th quarter. Greenleaf Trust now owns 2,967 shares of the company’s stock worth $1,015,000 after purchasing an additional 1,033 shares in the last quarter. Trifecta Capital Advisors LLC lifted its holdings in shares of CrowdStrike by 2,140.3% during the 4th quarter. Trifecta Capital Advisors LLC now owns 8,961 shares of the company’s stock valued at $3,066,000 after buying an additional 8,561 shares during the last quarter. Finally, Fifth Third Bancorp increased its holdings in CrowdStrike by 42.6% in the fourth quarter. Fifth Third Bancorp now owns 44,609 shares of the company’s stock worth $15,263,000 after buying an additional 13,323 shares during the last quarter. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have commented on the stock. UBS Group decreased their target price on shares of CrowdStrike from $450.00 to $425.00 and set a “buy” rating for the company in a research report on Wednesday, March 5th. Bank of America raised their target price on CrowdStrike from $400.00 to $420.00 and gave the company a “buy” rating in a report on Wednesday, February 26th. JPMorgan Chase & Co. raised their price objective on shares of CrowdStrike from $418.00 to $450.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. Stifel Nicolaus cut their price objective on shares of CrowdStrike from $475.00 to $435.00 and set a “buy” rating for the company in a research report on Wednesday, March 5th. Finally, Evercore ISI increased their price objective on CrowdStrike from $400.00 to $450.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, thirty have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, CrowdStrike currently has a consensus rating of “Moderate Buy” and an average target price of $400.88.

CrowdStrike Stock Performance

CRWD opened at $321.63 on Monday. CrowdStrike Holdings, Inc. has a 12-month low of $200.81 and a 12-month high of $455.59. The business has a 50 day moving average of $386.18 and a 200-day moving average of $352.56. 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 stock has a market cap of $79.72 billion, a price-to-earnings ratio of 630.66, a PEG ratio of 17.86 and a beta of 1.28.

Insider Buying and Selling at CrowdStrike

In related news, President Michael Sentonas sold 13,543 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 transaction of $4,856,790.66. Following the completion of the sale, the president now directly owns 405,308 shares of the company’s stock, valued at approximately $145,351,554.96. This trade represents a 3.23 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $354.91, for a total transaction of $1,419,640.00. Following the transaction, the insider now directly owns 98,214 shares in the company, valued at approximately $34,857,130.74. This represents a 3.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 114,551 shares of company stock worth $43,527,642 over the last ninety days. Insiders own 4.34% of the company’s stock.

CrowdStrike Company 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.