Savant Capital LLC grew its holdings in shares of CrowdStrike (NASDAQ:CRWD – Free Report) by 29.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,968 shares of the company’s stock after acquiring an additional 900 shares during the period. Savant Capital LLC’s holdings in CrowdStrike were worth $2,021,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently modified their holdings of CRWD. Vanguard Group Inc. increased its position in CrowdStrike by 4.1% in the first quarter. Vanguard Group Inc. now owns 22,834,565 shares of the company’s stock worth $8,051,011,000 after buying an additional 908,554 shares in the last quarter. Jennison Associates LLC lifted its position in shares of CrowdStrike by 21.1% during the 1st quarter. Jennison Associates LLC now owns 6,565,275 shares of the company’s stock valued at $2,314,785,000 after buying an additional 1,144,295 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of CrowdStrike by 52.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,771,424 shares of the company’s stock valued at $977,149,000 after acquiring an additional 955,529 shares during the period. Goldman Sachs Group Inc. increased its holdings in CrowdStrike by 39.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,665,344 shares of the company’s stock worth $939,747,000 after acquiring an additional 760,222 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in CrowdStrike by 16.4% in the 1st quarter. Invesco Ltd. now owns 2,506,418 shares of the company’s stock worth $883,713,000 after acquiring an additional 352,473 shares in the last quarter. 71.16% of the stock is currently owned by hedge funds and other institutional investors.
CrowdStrike Stock Down 0.1%
Shares of CRWD stock opened at $556.73 on Wednesday. The company’s fifty day simple moving average is $492.35 and its two-hundred day simple moving average is $469.72. CrowdStrike has a 52 week low of $298.00 and a 52 week high of $558.98. The stock has a market cap of $139.72 billion, a P/E ratio of -467.84, a PEG ratio of 131.02 and a beta of 1.16. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.20.
Wall Street Analysts Forecast Growth
Several brokerages have weighed in on CRWD. KeyCorp lifted their price target on shares of CrowdStrike from $495.00 to $510.00 and gave the company an “overweight” rating in a report on Thursday, September 18th. Wedbush lifted their target price on shares of CrowdStrike from $525.00 to $600.00 and gave the company an “outperform” rating in a research note on Monday, November 3rd. Mizuho upped their target price on shares of CrowdStrike from $430.00 to $450.00 and gave the stock a “neutral” rating in a report on Wednesday, September 17th. Citigroup reiterated an “outperform” rating on shares of CrowdStrike in a research note on Tuesday, September 23rd. Finally, Guggenheim restated a “neutral” rating on shares of CrowdStrike in a research report on Thursday, September 18th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, eighteen have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, CrowdStrike presently has a consensus rating of “Moderate Buy” and an average price target of $510.80.
Read Our Latest Stock Analysis on CrowdStrike
Insider Buying and Selling at CrowdStrike
In related news, President Michael Sentonas sold 10,000 shares of the company’s stock in a transaction on Friday, October 10th. The shares were sold at an average price of $515.00, for a total transaction of $5,150,000.00. Following the sale, the president owned 354,116 shares of the company’s stock, valued at $182,369,740. This represents a 2.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Johanna Flower sold 2,347 shares of the stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $490.98, for a total transaction of $1,152,330.06. Following the transaction, the director owned 79,057 shares of the company’s stock, valued at $38,815,405.86. This trade represents a 2.88% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 116,622 shares of company stock worth $58,561,456. Company insiders own 3.32% of the company’s stock.
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.
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