Sterling Capital Management LLC Acquires 1,287 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Sterling Capital Management LLC lifted its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 7.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,299 shares of the company’s stock after purchasing an additional 1,287 shares during the period. Sterling Capital Management LLC’s holdings in CrowdStrike were worth $6,603,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in CRWD. Coldstream Capital Management Inc. increased its stake in CrowdStrike by 104.2% in the third quarter. Coldstream Capital Management Inc. now owns 3,482 shares of the company’s stock valued at $1,038,000 after purchasing an additional 1,777 shares in the last quarter. Toronto Dominion Bank grew its holdings in shares of CrowdStrike by 11.4% in the 3rd quarter. Toronto Dominion Bank now owns 88,836 shares of the company’s stock valued at $24,916,000 after buying an additional 9,114 shares during the period. Sunbelt Securities Inc. increased its position in shares of CrowdStrike by 42.4% in the 3rd quarter. Sunbelt Securities Inc. now owns 1,814 shares of the company’s stock valued at $509,000 after buying an additional 540 shares in the last quarter. Rehmann Capital Advisory Group raised its stake in CrowdStrike by 72.0% during the 3rd quarter. Rehmann Capital Advisory Group now owns 2,162 shares of the company’s stock worth $607,000 after buying an additional 905 shares during the period. Finally, Advisory Resource Group lifted its holdings in CrowdStrike by 37.9% during the third quarter. Advisory Resource Group now owns 4,025 shares of the company’s stock worth $1,129,000 after acquiring an additional 1,106 shares in the last quarter. 71.16% of the stock is owned by institutional investors and hedge funds.

CrowdStrike Price Performance

Shares of CRWD opened at $377.90 on Friday. The firm has a market capitalization of $93.67 billion, a PE ratio of 740.99, a PEG 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. The company’s 50-day moving average is $380.13 and its 200-day moving average is $354.82. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $455.59.

Analyst Ratings Changes

Several equities research analysts have issued reports on CRWD shares. Stifel Nicolaus lowered their price target on CrowdStrike from $475.00 to $435.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. Scotiabank restated a “sector perform” rating on shares of CrowdStrike in a report on Wednesday, February 5th. Susquehanna lifted their price target on shares of CrowdStrike from $400.00 to $425.00 and gave the company a “positive” rating in a research note on Wednesday, March 5th. Royal Bank of Canada reissued an “outperform” rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Finally, Mizuho boosted their price objective on shares of CrowdStrike from $385.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday, February 12th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, CrowdStrike currently has an average rating of “Moderate Buy” and an average target price of $400.88.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, Director Sameer K. Gandhi sold 6,250 shares of the company’s stock in a transaction on Friday, April 4th. The stock was sold at an average price of $324.16, for a total value of $2,026,000.00. Following the transaction, the director now directly owns 768,092 shares of the company’s stock, valued at $248,984,702.72. This represents a 0.81 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Anurag Saha sold 1,496 shares of the stock in a transaction on Friday, March 21st. The stock was sold at an average price of $358.62, for a total value of $536,495.52. Following the transaction, the chief accounting officer now owns 36,165 shares in the company, 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 a total of 120,801 shares of company stock valued at $45,553,642 in the last three months. 4.34% of the stock is currently owned by company insiders.

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.