Toronto Dominion Bank Acquires 94,197 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Toronto Dominion Bank increased its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 106.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 183,033 shares of the company’s stock after purchasing an additional 94,197 shares during the quarter. Toronto Dominion Bank owned 0.07% of CrowdStrike worth $62,627,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Berbice Capital Management LLC purchased a new stake in CrowdStrike in the fourth quarter worth about $27,000. FPC Investment Advisory Inc. increased its position in CrowdStrike by 811.1% in the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock worth $28,000 after buying an additional 73 shares in the last quarter. Luken Investment Analytics LLC purchased a new stake in CrowdStrike in the fourth quarter worth about $34,000. Crowley Wealth Management Inc. purchased a new stake in CrowdStrike in the fourth quarter worth about $34,000. Finally, Millstone Evans Group LLC purchased a new stake in CrowdStrike in the fourth quarter worth about $34,000. 71.16% of the stock is owned by institutional investors.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike 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 value of $4,856,790.66. Following the sale, the president now owns 405,308 shares of the company’s stock, valued at approximately $145,351,554.96. The trade was a 3.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Anurag Saha sold 1,496 shares of CrowdStrike stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $358.62, for a total value of $536,495.52. Following the completion of the sale, the chief accounting officer now directly owns 36,165 shares in the company, valued at $12,969,492.30. This represents a 3.97% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 189,431 shares of company stock valued at $76,275,228. 3.32% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have commented on the company. Guggenheim restated a “neutral” rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Morgan Stanley increased their target price on CrowdStrike from $415.00 to $455.00 and gave the stock an “overweight” rating in a research report on Thursday. Barclays cut their target price on CrowdStrike from $506.00 to $475.00 and set an “overweight” rating for the company in a research report on Wednesday, March 5th. Baird R W cut CrowdStrike from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 3rd. Finally, JPMorgan Chase & Co. increased their target price on CrowdStrike from $418.00 to $450.00 and gave the stock an “overweight” rating in a research report on Friday, February 28th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have given a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $403.56.

CrowdStrike Stock Performance

NASDAQ CRWD opened at $439.26 on Friday. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. CrowdStrike Holdings, Inc. has a 52-week low of $200.81 and a 52-week high of $455.59. The business’s 50-day moving average price is $385.84 and its 200 day moving average price is $374.72. The firm has a market cap of $108.88 billion, a P/E ratio of 861.31, a P/E/G ratio of 17.86 and a beta of 1.22.

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.