UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 15.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,815,895 shares of the company’s stock after purchasing an additional 245,455 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.74% of CrowdStrike worth $621,327,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Primoris Wealth Advisors LLC purchased a new position in shares of CrowdStrike in the 4th quarter worth about $2,166,000. Arcadia Investment Management Corp MI boosted its holdings in CrowdStrike by 30.8% during the 4th quarter. Arcadia Investment Management Corp MI now owns 11,954 shares of the company’s stock valued at $4,090,000 after acquiring an additional 2,814 shares during the period. Greenleaf Trust boosted its holdings in CrowdStrike by 53.4% during the 4th quarter. Greenleaf Trust now owns 2,967 shares of the company’s stock valued at $1,015,000 after acquiring an additional 1,033 shares during the period. Trifecta Capital Advisors LLC boosted its holdings in 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 acquiring an additional 8,561 shares during the period. Finally, Fifth Third Bancorp boosted its holdings in CrowdStrike by 42.6% during the 4th quarter. Fifth Third Bancorp now owns 44,609 shares of the company’s stock valued at $15,263,000 after acquiring an additional 13,323 shares during the period. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

CrowdStrike Stock Down 0.5%

CRWD stock opened at $442.25 on Wednesday. CrowdStrike Holdings, Inc. has a twelve month low of $200.81 and a twelve month high of $455.59. 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 firm has a market cap of $109.62 billion, a PE ratio of 867.17, a price-to-earnings-growth ratio of 17.86 and a beta of 1.22. The business has a 50 day moving average of $389.98 and a 200 day moving average of $376.71.

Insider Activity at CrowdStrike

In related news, insider Shawn Henry sold 4,500 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $353.00, for a total transaction of $1,588,500.00. Following the completion of the transaction, the insider now owns 89,714 shares of the company’s stock, valued at $31,669,042. This trade represents a 4.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Michael Sentonas sold 13,543 shares of the stock in a transaction on Friday, March 21st. The shares were 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 in the company, valued at approximately $145,351,554.96. This represents a 3.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 185,431 shares of company stock valued at $74,472,548 in the last 90 days. Corporate insiders own 3.32% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Robert W. Baird dropped their target price on CrowdStrike from $440.00 to $405.00 and set a “neutral” rating for the company in a report on Wednesday, March 5th. BMO Capital Markets increased their target price on CrowdStrike from $380.00 to $405.00 and gave the company an “outperform” rating in a report on Wednesday, March 5th. Raymond James cut CrowdStrike from an “outperform” rating to a “cautious” rating in a report on Monday, March 10th. Scotiabank reiterated a “sector perform” rating on shares of CrowdStrike in a report on Wednesday, February 5th. Finally, Wells Fargo & Company increased their price objective on CrowdStrike from $400.00 to $430.00 and gave the stock an “overweight” rating in a report on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $403.56.

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.