CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Purchased by Investment Management Corp of Ontario

Investment Management Corp of Ontario raised its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 54.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,820 shares of the company's stock after purchasing an additional 4,147 shares during the quarter. Investment Management Corp of Ontario's holdings in CrowdStrike were worth $4,044,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Berbice Capital Management LLC acquired a new stake in CrowdStrike during the 4th quarter worth approximately $27,000. Fortitude Family Office LLC raised its stake 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 purchasing an additional 44 shares during the last quarter. FPC Investment Advisory Inc. lifted its holdings in shares of CrowdStrike by 811.1% during the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company's stock worth $28,000 after purchasing an additional 73 shares during the period. Luken Investment Analytics LLC purchased a new position in CrowdStrike in the 4th quarter valued at $34,000. Finally, Crowley Wealth Management Inc. purchased a new position in CrowdStrike in the 4th quarter valued at $34,000. 71.16% of the stock is owned by hedge funds and other institutional investors.

CrowdStrike Price Performance

CRWD stock opened at $410.73 on Friday. The company has a market cap of $101.81 billion, a PE ratio of 805.37, a price-to-earnings-growth ratio of 17.86 and a beta of 1.22. 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 price of $376.01 and a two-hundred day moving average price of $370.19. CrowdStrike Holdings, Inc. has a 12-month low of $200.81 and a 12-month high of $455.59.

Insider Activity

In related news, CAO Anurag Saha sold 1,496 shares of CrowdStrike stock in a transaction on Friday, March 21st. The shares were sold at an average price of $358.62, for a total transaction of $536,495.52. Following the transaction, the chief accounting officer now owns 36,165 shares in the company, valued at approximately $12,969,492.30. The trade was a 3.97 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President Michael Sentonas sold 13,543 shares of the stock in a transaction 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 approximately $145,351,554.96. This represents a 3.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 206,551 shares of company stock valued at $83,604,814 in the last three months. Corporate insiders own 4.34% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. KeyCorp lowered their target price on shares of CrowdStrike from $480.00 to $450.00 and set an "overweight" rating on the stock in a report on Wednesday, March 5th. Jefferies Financial Group reaffirmed a "buy" rating on shares of CrowdStrike in a report on Wednesday. Evercore ISI increased their target price on CrowdStrike from $400.00 to $450.00 and gave the stock an "outperform" rating in a research note on Wednesday, March 5th. Truist Financial decreased their price target on CrowdStrike from $460.00 to $450.00 and set a "buy" rating on the stock in a research note on Monday, March 31st. Finally, Wedbush increased their price objective on CrowdStrike from $390.00 to $395.00 and gave the stock an "outperform" rating in a research report on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirty have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $403.20.

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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