CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Bought by Vident Advisory LLC

Vident Advisory LLC lifted its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 77.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 155,763 shares of the company's stock after buying an additional 67,931 shares during the quarter. CrowdStrike makes up approximately 0.9% of Vident Advisory LLC's portfolio, making the stock its 14th biggest position. Vident Advisory LLC owned 0.06% of CrowdStrike worth $53,296,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Spurstone Advisory Services LLC acquired a new position in CrowdStrike in the fourth quarter valued at approximately $126,000. WBI Investments LLC purchased a new stake in shares of CrowdStrike during the fourth quarter worth approximately $812,000. Tybourne Capital Management HK Ltd. raised its stake in shares of CrowdStrike by 52.7% during the fourth quarter. Tybourne Capital Management HK Ltd. now owns 5,942 shares of the company's stock worth $2,033,000 after purchasing an additional 2,050 shares during the last quarter. State of Wyoming raised its stake in shares of CrowdStrike by 2,191.4% during the fourth quarter. State of Wyoming now owns 802 shares of the company's stock worth $274,000 after purchasing an additional 767 shares during the last quarter. Finally, Strive Asset Management LLC purchased a new stake in shares of CrowdStrike during the fourth quarter worth approximately $870,000. 71.16% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Guggenheim reaffirmed a "neutral" rating on shares of CrowdStrike in a report on Wednesday, March 5th. Roth Capital began coverage on CrowdStrike in a research note on Wednesday, April 23rd. They set a "buy" rating and a $410.00 price objective on the stock. The Goldman Sachs Group reaffirmed a "buy" rating on shares of CrowdStrike in a research note on Wednesday, March 5th. Truist Financial reduced their target price on CrowdStrike from $460.00 to $450.00 and set a "buy" rating on the stock in a research report on Monday, March 31st. Finally, Scotiabank reissued a "sector perform" rating on shares of CrowdStrike in a research report on Wednesday, February 5th. Two 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 company. Based on data from MarketBeat, CrowdStrike presently has an average rating of "Moderate Buy" and a consensus price target of $403.56.

Insider Activity at CrowdStrike

In related news, CAO Anurag Saha sold 1,496 shares of CrowdStrike stock in a transaction dated 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 directly owns 36,165 shares in the company, valued at $12,969,492.30. The trade was a 3.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO George Kurtz sold 55,556 shares of CrowdStrike stock in a transaction dated 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 sale, the chief executive officer now owns 2,192,610 shares in the company, valued at approximately $981,280,679.40. This represents a 2.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 189,431 shares of company stock worth $76,275,228 over the last ninety days. 3.32% of the stock is currently owned by corporate insiders.

CrowdStrike Stock Performance

CRWD stock opened at $439.26 on Monday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. The stock has a market capitalization of $108.88 billion, a price-to-earnings ratio of 861.31, a PEG ratio of 17.86 and a beta of 1.22. CrowdStrike Holdings, Inc. has a 1 year low of $200.81 and a 1 year high of $455.59. The stock's fifty day moving average is $385.84 and its two-hundred day moving average is $375.26.

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.

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