Pinebridge Investments L.P. Acquires 16,679 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Pinebridge Investments L.P. lifted its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 11.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 161,779 shares of the company’s stock after purchasing an additional 16,679 shares during the quarter. Pinebridge Investments L.P.’s holdings in CrowdStrike were worth $55,354,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of CRWD. Norges Bank bought a new position in CrowdStrike in the 4th quarter valued at approximately $1,111,542,000. Raymond James Financial Inc. acquired a new stake in CrowdStrike in the fourth quarter valued at $237,375,000. Amundi grew its position in shares of CrowdStrike by 41.9% in the 4th quarter. Amundi now owns 1,382,952 shares of the company’s stock valued at $496,093,000 after buying an additional 408,190 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of CrowdStrike by 2,586.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 418,094 shares of the company’s stock valued at $143,055,000 after buying an additional 402,531 shares during the period. Finally, Franklin Resources Inc. raised its position in shares of CrowdStrike by 36.5% during the fourth quarter. Franklin Resources Inc. now owns 1,378,856 shares of the company’s stock worth $471,789,000 after acquiring an additional 368,931 shares during the last quarter. Institutional investors own 71.16% of the company’s stock.

CrowdStrike Price Performance

CrowdStrike stock opened at $368.45 on Wednesday. The stock has a market cap of $91.33 billion, a P/E ratio of 722.47, a P/E/G ratio of 17.86 and a beta of 1.28. 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 company’s 50 day moving average price is $372.64 and its two-hundred day moving average price is $359.37. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week high of $455.59.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on CRWD shares. Citigroup reissued a “buy” rating on shares of CrowdStrike in a research report on Wednesday, February 5th. Royal Bank of Canada reiterated an “outperform” rating on shares of CrowdStrike in a research report on Wednesday, March 5th. KeyCorp dropped their target price on shares of CrowdStrike from $480.00 to $450.00 and set an “overweight” rating on the stock in a report on Wednesday, March 5th. Mizuho increased their price target on CrowdStrike from $385.00 to $450.00 and gave the stock an “outperform” rating in a report on Wednesday, February 12th. Finally, BMO Capital Markets boosted their price objective on CrowdStrike from $380.00 to $405.00 and gave the company an “outperform” rating in a research note on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, thirty have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, CrowdStrike presently has an average rating of “Moderate Buy” and an average target price of $400.53.

Insider Buying and Selling

In other news, CAO Anurag Saha sold 1,496 shares of CrowdStrike stock in a transaction on Friday, March 21st. The stock was sold at an average price of $358.62, for a total transaction of $536,495.52. Following the sale, the chief accounting officer now directly owns 36,165 shares in the company, valued at $12,969,492.30. The trade was a 3.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $450.67, for a total transaction of $1,802,680.00. Following the completion of the transaction, the insider now directly owns 94,214 shares in the company, valued at $42,459,423.38. This trade represents a 4.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 122,375 shares of company stock worth $46,197,236. 4.34% of the stock is owned by company insiders.

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.