Captrust Financial Advisors Boosts Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Captrust Financial Advisors grew its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 2.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 55,654 shares of the company's stock after buying an additional 1,450 shares during the quarter. Captrust Financial Advisors' holdings in CrowdStrike were worth $19,043,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank purchased a new stake in shares of CrowdStrike in the fourth quarter valued at about $1,111,542,000. Raymond James Financial Inc. purchased a new stake in CrowdStrike in the 4th quarter valued at approximately $237,375,000. Voya Investment Management LLC grew its holdings in CrowdStrike by 43.5% during the 4th quarter. Voya Investment Management LLC now owns 1,920,901 shares of the company's stock valued at $657,106,000 after buying an additional 582,471 shares during the last quarter. Amundi increased its position in CrowdStrike by 41.9% during the fourth quarter. Amundi now owns 1,382,952 shares of the company's stock worth $496,093,000 after buying an additional 408,190 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings 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 worth $143,055,000 after acquiring an additional 402,531 shares during the last quarter. Institutional investors and hedge funds own 71.16% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently commented on CRWD shares. Citigroup reiterated an "outperform" rating on shares of CrowdStrike in a research report on Monday. Truist Financial cut their price objective on shares of CrowdStrike from $460.00 to $450.00 and set a "buy" rating for the company in a research report on Monday, March 31st. Wedbush raised their target price on shares of CrowdStrike from $390.00 to $395.00 and gave the stock an "outperform" rating in a research report on Wednesday, March 5th. BTIG Research upgraded CrowdStrike from a "neutral" rating to a "buy" rating and set a $431.00 price target for the company in a report on Tuesday, March 25th. Finally, Evercore ISI raised their price objective on CrowdStrike from $400.00 to $450.00 and gave the stock an "outperform" rating in a report on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $403.20.

CrowdStrike Stock Performance

CrowdStrike stock opened at $443.21 on Wednesday. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. The stock has a 50 day moving average of $374.02 and a 200-day moving average of $367.80. The stock has a market cap of $109.86 billion, a P/E ratio of 869.06, a price-to-earnings-growth ratio of 17.86 and a beta of 1.22. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week high of $455.59.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the stock in a transaction that occurred on 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 transaction, the insider now owns 94,214 shares of the company's stock, valued at $42,459,423.38. This trade represents a 4.07 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, President Michael Sentonas sold 13,543 shares of the business's stock in a transaction that occurred 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 completion of the sale, the president now owns 405,308 shares of the company's stock, valued at $145,351,554.96. This trade represents a 3.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 214,431 shares of company stock worth $86,974,223 in the last ninety days. 4.34% of the stock is owned by insiders.

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.

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