BTC Capital Management Inc. Increases Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

BTC Capital Management Inc. lifted its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 22.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 38,611 shares of the company's stock after buying an additional 6,950 shares during the period. CrowdStrike makes up approximately 1.2% of BTC Capital Management Inc.'s holdings, making the stock its 22nd largest holding. BTC Capital Management Inc.'s holdings in CrowdStrike were worth $13,613,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of CRWD. FPC Investment Advisory Inc. increased its holdings in shares of CrowdStrike by 811.1% in the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company's stock worth $28,000 after buying an additional 73 shares during the period. Luken Investment Analytics LLC purchased a new position in shares of CrowdStrike in the fourth quarter worth about $34,000. Crowley Wealth Management Inc. purchased a new position in shares of CrowdStrike in the fourth quarter worth about $34,000. Millstone Evans Group LLC purchased a new position in shares of CrowdStrike in the fourth quarter worth about $34,000. Finally, Bellwether Advisors LLC purchased a new position in shares of CrowdStrike in the fourth quarter worth about $37,000. Hedge funds and other institutional investors own 71.16% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Wells Fargo & Company lifted their price objective on CrowdStrike from $400.00 to $430.00 and gave the stock an "overweight" rating in a report on Wednesday, March 5th. Needham & Company LLC reissued a "buy" rating and issued a $420.00 target price on shares of CrowdStrike in a research note on Wednesday, March 5th. Mizuho cut CrowdStrike from an "outperform" rating to a "neutral" rating and set a $425.00 target price on the stock. in a research note on Thursday, May 15th. The Goldman Sachs Group reissued a "buy" rating on shares of CrowdStrike in a research note on Wednesday, March 5th. Finally, JPMorgan Chase & Co. raised their target price on CrowdStrike from $418.00 to $450.00 and gave the stock an "overweight" rating in a research note on Friday, February 28th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $408.12.

CrowdStrike Stock Up 1.5%

Shares of CRWD stock traded up $7.01 during trading hours on Friday, hitting $465.82. 4,481,144 shares of the company's stock traded hands, compared to its average volume of 5,120,463. The stock's fifty day simple moving average is $404.18 and its two-hundred day simple moving average is $383.90. CrowdStrike Holdings, Inc. has a 12-month low of $200.81 and a 12-month high of $474.23. The stock has a market cap of $115.46 billion, a price-to-earnings ratio of 913.39, a PEG ratio of 17.86 and a beta of 1.22. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24.

Insider Buying and Selling

In related news, 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 transaction, the president now directly owns 405,308 shares in the company, valued at $145,351,554.96. The trade was a 3.23% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Anurag Saha sold 1,496 shares of the business's 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 sale, the chief accounting officer now owns 36,165 shares of the company's stock, valued at approximately $12,969,492.30. This represents a 3.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 195,431 shares of company stock worth $79,162,548 in the last three months. Insiders own 3.32% of the company's stock.

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.