Baird Financial Group Inc. Buys 13,576 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Baird Financial Group Inc. grew its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 50.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 40,316 shares of the company's stock after purchasing an additional 13,576 shares during the period. Baird Financial Group Inc.'s holdings in CrowdStrike were worth $13,795,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CRWD. Berbice Capital Management LLC acquired a new stake in CrowdStrike during the fourth quarter worth about $27,000. FPC Investment Advisory Inc. increased its stake in shares of CrowdStrike by 811.1% during the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company's stock valued at $28,000 after acquiring an additional 73 shares during the period. Fortitude Family Office LLC boosted its holdings in CrowdStrike by 112.8% during the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company's stock worth $28,000 after buying an additional 44 shares in the last quarter. Crowley Wealth Management Inc. bought a new stake in CrowdStrike during the fourth quarter worth approximately $34,000. Finally, Luken Investment Analytics LLC acquired a new position in CrowdStrike in the 4th quarter worth approximately $34,000. 71.16% of the stock is owned by hedge funds and other institutional investors.

CrowdStrike Stock Performance

NASDAQ:CRWD traded up $11.35 during mid-day trading on Monday, reaching $421.92. 1,295,348 shares of the company's stock were exchanged, compared to its average volume of 5,087,141. CrowdStrike Holdings, Inc. has a one year low of $200.81 and a one year high of $455.59. The firm has a market capitalization of $104.58 billion, a PE ratio of 827.33, a price-to-earnings-growth ratio of 17.86 and a beta of 1.22. The business's fifty day simple moving average is $376.01 and its two-hundred day simple moving average is $370.65. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86.

Insider Buying and Selling

In other CrowdStrike news, CEO George Kurtz sold 55,556 shares of the stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $447.54, for a total transaction of $24,863,532.24. Following the sale, the chief executive officer now directly owns 2,192,610 shares in the company, valued at $981,280,679.40. This represents a 2.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Shawn Henry sold 4,000 shares of the firm's stock in a transaction that occurred 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 owns 94,214 shares in the company, valued at approximately $42,459,423.38. The trade was 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 189,431 shares of company stock valued at $76,275,228. 4.34% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

CRWD has been the subject of a number of research analyst reports. Barclays cut their target price on shares of CrowdStrike from $506.00 to $475.00 and set an "overweight" rating for the company in a research report on Wednesday, March 5th. JPMorgan Chase & Co. raised their price objective on shares of CrowdStrike from $418.00 to $450.00 and gave the stock an "overweight" rating in a report on Friday, February 28th. BMO Capital Markets lifted their price target on shares of CrowdStrike from $380.00 to $405.00 and gave the company an "outperform" rating in a report on Wednesday, March 5th. Truist Financial dropped their target price on shares of CrowdStrike from $460.00 to $450.00 and set a "buy" rating for the company in a research note on Monday, March 31st. Finally, Evercore ISI boosted their price objective on shares of CrowdStrike from $400.00 to $450.00 and gave the company an "outperform" rating in a report on Wednesday, March 5th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, CrowdStrike has a consensus rating of "Moderate Buy" and an average target price of $403.20.

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.