Peapack Gladstone Financial Corp Acquires 158 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Peapack Gladstone Financial Corp grew its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 8.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,936 shares of the company’s stock after purchasing an additional 158 shares during the quarter. Peapack Gladstone Financial Corp’s holdings in CrowdStrike were worth $663,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of CrowdStrike by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 21,926,011 shares of the company’s stock valued at $7,502,204,000 after acquiring an additional 342,294 shares during the last quarter. Jennison Associates LLC grew its holdings in CrowdStrike by 6.9% during the fourth quarter. Jennison Associates LLC now owns 5,420,980 shares of the company’s stock valued at $1,854,843,000 after purchasing an additional 352,180 shares during the last quarter. Geode Capital Management LLC grew its holdings 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 purchasing an additional 124,984 shares during the last quarter. Norges Bank acquired a new stake in shares of CrowdStrike in the fourth quarter worth $1,111,542,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of CrowdStrike by 4.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,419,075 shares of the company’s stock worth $485,551,000 after buying an additional 64,581 shares during the period. 71.16% of the stock is owned by institutional investors.

Insider Activity at CrowdStrike

In related news, CEO George Kurtz sold 22,449 shares of CrowdStrike stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $358.68, for a total transaction of $8,052,007.32. Following the transaction, the chief executive officer now owns 2,178,452 shares of the company’s stock, valued at $781,367,163.36. This trade represents a 1.02 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Anurag Saha sold 1,496 shares of the company’s stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $358.62, for a total transaction of $536,495.52. Following the completion of the sale, the chief accounting officer now directly owns 36,165 shares of the company’s stock, valued at $12,969,492.30. The trade was a 3.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 120,801 shares of company stock worth $45,553,642 over the last ninety days. Company insiders own 4.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Stephens started coverage on shares of CrowdStrike in a report on Tuesday, April 1st. They issued an “overweight” rating and a $450.00 target price on the stock. Mizuho boosted their price objective on CrowdStrike from $385.00 to $450.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 12th. Jefferies Financial Group lowered their target price on CrowdStrike from $425.00 to $410.00 and set a “buy” rating on the stock in a report on Monday, March 31st. The Goldman Sachs Group reiterated a “buy” rating on shares of CrowdStrike in a report on Wednesday, March 5th. Finally, BTIG Research upgraded shares of CrowdStrike from a “neutral” rating to a “buy” rating and set a $431.00 price objective on the stock in a research note on Tuesday, March 25th. 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 issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $400.88.

CrowdStrike Stock Performance

CrowdStrike stock opened at $325.04 on Wednesday. CrowdStrike Holdings, Inc. has a 1 year low of $200.81 and a 1 year high of $455.59. The company’s 50-day moving average is $382.08 and its two-hundred day moving average is $352.87. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. The company has a market cap of $80.57 billion, a PE ratio of 637.35, a PEG ratio of 17.86 and a beta of 1.28.

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.