Ameriprise Financial Inc. Purchases 173,426 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Ameriprise Financial Inc. lifted its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 11.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,754,074 shares of the company's stock after buying an additional 173,426 shares during the period. Ameriprise Financial Inc. owned about 0.71% of CrowdStrike worth $600,310,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. FSA Wealth Management LLC grew its stake in shares of CrowdStrike by 11.2% in the fourth quarter. FSA Wealth Management LLC now owns 228 shares of the company's stock valued at $78,000 after buying an additional 23 shares in the last quarter. Jacobi Capital Management LLC grew its stake in CrowdStrike by 1.9% during the 4th quarter. Jacobi Capital Management LLC now owns 1,309 shares of the company's stock worth $448,000 after buying an additional 25 shares during the last quarter. Dorsey & Whitney Trust CO LLC grew its position in CrowdStrike by 1.4% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 1,974 shares of the company's stock worth $675,000 after purchasing an additional 27 shares during the last quarter. Wintrust Investments LLC increased its position in CrowdStrike by 4.2% in the 4th quarter. Wintrust Investments LLC now owns 719 shares of the company's stock valued at $246,000 after acquiring an additional 29 shares during the period. Finally, Greenwich Wealth Management LLC lifted its stake in shares of CrowdStrike by 4.0% in the 4th quarter. Greenwich Wealth Management LLC now owns 776 shares of the company's stock worth $265,000 after acquiring an additional 30 shares during the period. Hedge funds and other institutional investors own 71.16% of the company's stock.

Insider Buying and Selling at CrowdStrike

In related news, insider Shawn Henry sold 4,000 shares of the firm's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $450.67, for a total transaction of $1,802,680.00. Following the completion of the sale, the insider now directly owns 94,214 shares of the company's stock, valued at approximately $42,459,423.38. This trade represents a 4.07 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO George Kurtz sold 55,556 shares of CrowdStrike stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $447.54, for a total value of $24,863,532.24. Following the completion of the transaction, the chief executive officer now owns 2,192,610 shares of the company's stock, valued at $981,280,679.40. This trade represents a 2.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 214,431 shares of company stock worth $86,974,223. Corporate insiders own 4.34% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CRWD. Canaccord Genuity Group lifted their price target on CrowdStrike from $370.00 to $420.00 and gave the company a "buy" rating in a report on Monday, March 3rd. Piper Sandler set a $347.00 target price on CrowdStrike in a report on Wednesday, March 5th. Jefferies Financial Group reissued a "buy" rating on shares of CrowdStrike in a report on Wednesday. Wedbush upped their price objective on CrowdStrike from $390.00 to $395.00 and gave the company an "outperform" rating in a research note on Wednesday, March 5th. Finally, JPMorgan Chase & Co. raised their price target on CrowdStrike from $418.00 to $450.00 and gave the company an "overweight" rating in a report on Friday, February 28th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, thirty have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, CrowdStrike currently has an average rating of "Moderate Buy" and a consensus price target of $403.20.

CrowdStrike Price Performance

CrowdStrike stock traded down $20.69 during trading hours on Wednesday, hitting $422.52. The stock had a trading volume of 6,672,772 shares, compared to its average volume of 5,075,951. 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 stock's fifty day moving average is $374.02 and its two-hundred day moving average is $367.80. CrowdStrike Holdings, Inc. has a 1-year low of $200.81 and a 1-year high of $455.59. The stock has a market capitalization of $104.73 billion, a price-to-earnings ratio of 828.49, a PEG ratio of 17.86 and a beta of 1.22.

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.