CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Acquired by Mackenzie Financial Corp

Mackenzie Financial Corp lifted its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 46.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 60,226 shares of the company's stock after purchasing an additional 19,041 shares during the period. Mackenzie Financial Corp's holdings in CrowdStrike were worth $20,607,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in CRWD. FPC Investment Advisory Inc. raised its position in 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 acquiring an additional 73 shares during the period. Crowley Wealth Management Inc. purchased a new position in shares of CrowdStrike in the fourth quarter worth about $34,000. Luken Investment Analytics LLC 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. 71.16% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on CRWD shares. Truist Financial reduced their target price on shares of CrowdStrike from $460.00 to $450.00 and set a "buy" rating for the company in a research note on Monday, March 31st. UBS Group boosted their price target on shares of CrowdStrike from $425.00 to $545.00 and gave the stock a "buy" rating in a research note on Thursday. JPMorgan Chase & Co. upped their price target on shares of CrowdStrike from $418.00 to $450.00 and gave the company an "overweight" rating in a report on Friday, February 28th. DZ Bank lowered shares of CrowdStrike from a "strong-buy" rating to a "strong sell" rating and set a $370.00 price objective for the company. in a report on Thursday, May 22nd. Finally, Canaccord Genuity Group upped their target price on shares of CrowdStrike from $370.00 to $420.00 and gave the stock a "buy" rating in a research report on Monday, March 3rd. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $408.12.

Insider Activity at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 1,496 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 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. The trade was a 3.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO George Kurtz sold 55,556 shares of the business's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $447.54, for a total transaction of $24,863,532.24. Following the sale, the chief executive officer now directly owns 2,192,610 shares in the company, valued at approximately $981,280,679.40. This represents a 2.47% decrease in their position. The disclosure for this sale can be found here. Insiders sold 195,431 shares of company stock worth $79,162,548 over the last three months. 3.32% of the stock is owned by corporate insiders.

CrowdStrike Trading Up 0.1%

Shares of NASDAQ:CRWD traded up $0.60 on Friday, hitting $459.41. 1,260,218 shares of the company's stock were exchanged, compared to its average volume of 3,891,178. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. The business's 50 day simple moving average is $402.56 and its two-hundred day simple moving average is $382.80. The stock has a market capitalization of $113.88 billion, a price-to-earnings ratio of 900.82, a price-to-earnings-growth ratio of 17.86 and a beta of 1.22. CrowdStrike Holdings, Inc. has a 12 month low of $200.81 and a 12 month high of $474.23.

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.