Great Valley Advisor Group Inc. Raises Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Great Valley Advisor Group Inc. raised its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 17.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,331 shares of the company's stock after buying an additional 1,240 shares during the period. Great Valley Advisor Group Inc.'s holdings in CrowdStrike were worth $2,851,000 as of its most recent SEC filing.

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

CrowdStrike Price Performance

Shares of NASDAQ CRWD traded down $3.39 during mid-day trading on Wednesday, hitting $468.83. 2,884,256 shares of the company's stock traded hands, compared to its average volume of 5,125,393. The company's 50-day moving average is $398.71 and its two-hundred day moving average is $381.40. 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 company has a market capitalization of $116.21 billion, a P/E ratio of 919.29, 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 $474.41.

Insider Activity

In related news, insider Shawn Henry sold 4,500 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $353.00, for a total value of $1,588,500.00. Following the sale, the insider now directly owns 89,714 shares of the company's stock, valued at $31,669,042. This represents a 4.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Anurag Saha sold 2,141 shares of the stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $371.79, for a total transaction of $796,002.39. Following the completion of the sale, the chief accounting officer now directly owns 34,024 shares in the company, valued at $12,649,782.96. This trade represents a 5.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 185,431 shares of company stock worth $74,472,548. 3.32% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

CRWD has been the topic of several analyst reports. Wells Fargo & Company lifted their price target on shares of CrowdStrike from $400.00 to $430.00 and gave the company an "overweight" rating in a report on Wednesday, March 5th. Piper Sandler set a $347.00 price target on shares of CrowdStrike in a report on Wednesday, March 5th. DZ Bank lowered CrowdStrike from a "strong-buy" rating to a "strong sell" rating and set a $370.00 price target for the company. in a research note on Thursday, May 22nd. JMP Securities raised their price target on CrowdStrike from $400.00 to $500.00 and gave the company a "market outperform" rating in a report on Monday, May 5th. Finally, JPMorgan Chase & Co. upped their price objective on CrowdStrike from $418.00 to $450.00 and gave the stock an "overweight" rating in a research note on Friday, February 28th. Three investment 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 stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $404.43.

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.