Woodline Partners LP Raises Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Woodline Partners LP raised its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 80.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 18,545 shares of the company's stock after acquiring an additional 8,287 shares during the quarter. Woodline Partners LP's holdings in CrowdStrike were worth $6,345,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. FSA Wealth Management LLC boosted its position in shares of CrowdStrike by 11.2% in the fourth quarter. FSA Wealth Management LLC now owns 228 shares of the company's stock valued at $78,000 after acquiring an additional 23 shares during the period. Jacobi Capital Management LLC raised its holdings in shares of CrowdStrike by 1.9% in the fourth quarter. Jacobi Capital Management LLC now owns 1,309 shares of the company's stock valued at $448,000 after buying an additional 25 shares during the last quarter. Dorsey & Whitney Trust CO LLC raised its holdings in CrowdStrike by 1.4% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 1,974 shares of the company's stock worth $675,000 after purchasing an additional 27 shares during the last quarter. Wintrust Investments LLC raised its holdings in CrowdStrike by 4.2% during the 4th quarter. Wintrust Investments LLC now owns 719 shares of the company's stock worth $246,000 after purchasing an additional 29 shares during the last quarter. Finally, Greenwich Wealth Management LLC raised its holdings in CrowdStrike by 4.0% during the 4th quarter. Greenwich Wealth Management LLC now owns 776 shares of the company's stock worth $265,000 after purchasing an additional 30 shares during the last quarter. Institutional investors and hedge funds own 71.16% of the company's stock.

Insider Buying and Selling

In other CrowdStrike news, insider Shawn Henry sold 4,500 shares of the company's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $353.00, for a total value of $1,588,500.00. Following the completion of the transaction, the insider now owns 89,714 shares in the company, valued at $31,669,042. This represents a 4.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Anurag Saha sold 1,496 shares of the company's stock in a transaction on Friday, March 21st. The shares were sold at an average price of $358.62, for a total value of $536,495.52. Following the completion of the transaction, the chief accounting officer now owns 36,165 shares of the company's stock, valued at $12,969,492.30. This trade represents a 3.97% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 185,431 shares of company stock worth $74,472,548. 3.32% of the stock is owned by corporate insiders.

CrowdStrike Stock Down 0.9%

CrowdStrike stock traded down $4.17 during trading on Wednesday, hitting $468.05. 1,170,998 shares of the company were exchanged, compared to its average volume of 3,905,810. The business's 50 day moving average is $398.71 and its 200 day moving average is $381.40. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week high of $474.23. The company has a market capitalization of $116.02 billion, a P/E ratio of 917.76, a PEG ratio of 17.86 and a beta of 1.22. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24.

Analyst Ratings Changes

A number of analysts have recently commented on the company. JMP Securities upped their price target on CrowdStrike from $400.00 to $500.00 and gave the company a "market outperform" rating in a research note on Monday, May 5th. BMO Capital Markets raised their price target on CrowdStrike from $380.00 to $405.00 and gave the company an "outperform" rating in a report on Wednesday, March 5th. Roth Capital assumed coverage on CrowdStrike in a report on Wednesday, April 23rd. They set a "buy" rating and a $410.00 price target for the company. Scotiabank reiterated a "sector perform" rating on shares of CrowdStrike in a research report on Wednesday, February 5th. Finally, Susquehanna raised their price target on CrowdStrike from $400.00 to $425.00 and gave the stock a "positive" rating in a research report on Wednesday, March 5th. Three 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 given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $404.43.

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.