Concorde Asset Management LLC Boosts Stock Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Concorde Asset Management LLC raised its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 3.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,480 shares of the company’s stock after purchasing an additional 74 shares during the quarter. Concorde Asset Management LLC’s holdings in CrowdStrike were worth $849,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in shares of CrowdStrike in the fourth quarter valued at about $1,111,542,000. Raymond James Financial Inc. acquired a new stake in shares of CrowdStrike during the 4th quarter valued at approximately $237,375,000. Amundi lifted its position 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 acquiring an additional 408,190 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in shares of CrowdStrike by 2,586.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 418,094 shares of the company’s stock worth $143,055,000 after acquiring an additional 402,531 shares in the last quarter. Finally, Franklin Resources Inc. increased its stake in CrowdStrike by 36.5% in the 4th quarter. Franklin Resources Inc. now owns 1,378,856 shares of the company’s stock valued at $471,789,000 after purchasing an additional 368,931 shares in the last quarter. Institutional investors and hedge funds own 71.16% of the company’s stock.

Insiders Place Their Bets

In related news, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $354.91, for a total value of $1,419,640.00. Following the sale, the insider now owns 98,214 shares of the company’s stock, valued at approximately $34,857,130.74. This trade represents a 3.91 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO George Kurtz sold 22,449 shares of the business’s stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $358.68, for a total value 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 represents a 1.02 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 120,801 shares of company stock valued at $45,553,642. Company insiders own 4.34% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on CRWD. Raymond James lowered CrowdStrike from an “outperform” rating to a “cautious” rating in a report on Monday, March 10th. UBS Group reduced their price objective on CrowdStrike from $450.00 to $425.00 and set a “buy” rating on the stock in a research report on Wednesday, March 5th. Citigroup reiterated a “buy” rating on shares of CrowdStrike in a report on Wednesday, February 5th. The Goldman Sachs Group reissued a “buy” rating on shares of CrowdStrike in a research note on Wednesday, March 5th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating on shares of CrowdStrike in a research report 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 given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $400.88.

CrowdStrike Stock Performance

CRWD stock opened at $368.61 on Friday. The stock’s 50 day simple moving average is $380.72 and its 200 day simple moving average is $354.19. CrowdStrike Holdings, Inc. has a 12-month low of $200.81 and a 12-month high of $455.59. The firm has a market cap of $91.37 billion, a P/E ratio of 722.78, a P/E/G ratio of 17.86 and a beta of 1.28. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24.

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.