BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Grows Stock Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 15.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,562 shares of the company's stock after purchasing an additional 6,036 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in CrowdStrike were worth $15,247,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of CRWD. Vanguard Group Inc. boosted its position in shares of CrowdStrike by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 21,926,011 shares of the company's stock worth $7,502,204,000 after acquiring an additional 342,294 shares in the last quarter. Jennison Associates LLC lifted its stake in CrowdStrike by 6.9% during the fourth quarter. Jennison Associates LLC now owns 5,420,980 shares of the company's stock worth $1,854,843,000 after purchasing an additional 352,180 shares during the last quarter. Geode Capital Management LLC boosted its holdings in CrowdStrike by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 5,018,441 shares of the company's stock valued at $1,712,063,000 after purchasing an additional 124,984 shares in the last quarter. Norges Bank acquired a new position in CrowdStrike in the fourth quarter valued at approximately $1,111,542,000. Finally, Northern Trust Corp increased its stake in CrowdStrike by 16.6% in the fourth quarter. Northern Trust Corp now owns 2,271,722 shares of the company's stock valued at $777,292,000 after purchasing an additional 324,136 shares during the last quarter. Hedge funds and other institutional investors own 71.16% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Susquehanna boosted their price objective on shares of CrowdStrike from $400.00 to $425.00 and gave the stock a "positive" rating in a research report on Wednesday, March 5th. Truist Financial cut their price target on shares of CrowdStrike from $460.00 to $450.00 and set a "buy" rating on the stock in a research note on Monday, March 31st. The Goldman Sachs Group reissued a "buy" rating on shares of CrowdStrike in a research report on Wednesday, March 5th. JMP Securities raised their price objective on CrowdStrike from $400.00 to $500.00 and gave the stock a "market outperform" rating in a report on Monday, May 5th. Finally, Morgan Stanley lifted their target price on CrowdStrike from $415.00 to $455.00 and gave the stock an "overweight" rating in a research report on Thursday, May 15th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $403.56.

Insider Buying and Selling at CrowdStrike

In related news, Director Sameer K. Gandhi sold 6,250 shares of the company's stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $324.16, for a total value of $2,026,000.00. Following the sale, the director now owns 768,092 shares in the company, valued at $248,984,702.72. This represents a 0.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO George Kurtz sold 55,556 shares of the business's stock in a transaction on 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 sale, the chief executive officer now owns 2,192,610 shares in the company, valued at approximately $981,280,679.40. The trade was a 2.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 185,431 shares of company stock valued at $74,472,548. Corporate insiders own 3.32% of the company's stock.

CrowdStrike Stock Performance

Shares of CRWD opened at $434.74 on Thursday. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. CrowdStrike Holdings, Inc. has a 52-week low of $200.81 and a 52-week high of $455.59. The company has a 50-day simple moving average of $391.60 and a 200-day simple moving average of $377.11. The company has a market capitalization of $107.76 billion, a PE ratio of 852.45, a P/E/G ratio of 17.86 and a beta of 1.22.

CrowdStrike Company 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.

Want to see what other hedge funds are holding CRWD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.