Ethic Inc. Has $6.80 Million Stock Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Ethic Inc. boosted its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 62.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 19,881 shares of the company's stock after purchasing an additional 7,663 shares during the period. Ethic Inc.'s holdings in CrowdStrike were worth $6,802,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Fulton Bank N.A. increased its position in shares of CrowdStrike by 3.2% during the fourth quarter. Fulton Bank N.A. now owns 2,211 shares of the company's stock worth $757,000 after acquiring an additional 68 shares during the period. Fortitude Family Office LLC increased its position in shares of 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 acquiring an additional 44 shares during the period. ORG Partners LLC increased its position in shares of CrowdStrike by 811.7% during the fourth quarter. ORG Partners LLC now owns 2,498 shares of the company's stock worth $855,000 after acquiring an additional 2,224 shares during the period. CCM Investment Advisers LLC increased its position in shares of CrowdStrike by 31.5% during the fourth quarter. CCM Investment Advisers LLC now owns 34,043 shares of the company's stock worth $11,648,000 after acquiring an additional 8,160 shares during the period. Finally, HBW Advisory Services LLC increased its position in shares of CrowdStrike by 42.3% during the fourth quarter. HBW Advisory Services LLC now owns 1,456 shares of the company's stock worth $498,000 after acquiring an additional 433 shares during the period. Institutional investors and hedge funds own 71.16% of the company's stock.

CrowdStrike Stock Performance

NASDAQ:CRWD traded up $18.87 during midday trading on Monday, reaching $429.44. 3,275,964 shares of the company traded hands, compared to its average volume of 5,094,763. The company has a fifty day moving average price of $376.01 and a 200 day moving average price of $370.65. The firm has a market capitalization of $106.45 billion, a price-to-earnings ratio of 842.06, a price-to-earnings-growth ratio of 17.86 and a beta of 1.22. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. CrowdStrike Holdings, Inc. has a twelve month low of $200.81 and a twelve month high of $455.59.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on CRWD shares. Rosenblatt Securities reiterated a "buy" rating and set a $450.00 target price on shares of CrowdStrike in a research note on Thursday. Baird R W cut shares of CrowdStrike from a "strong-buy" rating to a "hold" rating in a report on Monday, February 3rd. JMP Securities increased their target price on shares of CrowdStrike from $400.00 to $500.00 and gave the company a "market outperform" rating in a report on Monday, May 5th. Cantor Fitzgerald reissued an "overweight" rating and set a $440.00 price objective on shares of CrowdStrike in a research note on Wednesday, March 5th. Finally, Wedbush raised their price objective on shares of CrowdStrike from $390.00 to $395.00 and gave the stock an "outperform" rating in a research note on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirty have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $403.20.

Insiders Place Their Bets

In other CrowdStrike news, CEO George Kurtz sold 55,556 shares of the business's stock in a transaction on 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 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. The trade was a 2.47% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 transaction, 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 189,431 shares of company stock worth $76,275,228. 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.