Fred Alger Management LLC Buys 18,027 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Fred Alger Management LLC lifted its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 23.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 95,672 shares of the company's stock after purchasing an additional 18,027 shares during the period. Fred Alger Management LLC's holdings in CrowdStrike were worth $32,735,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. FSA Wealth Management LLC boosted its stake in shares of CrowdStrike by 11.2% in the 4th quarter. FSA Wealth Management LLC now owns 228 shares of the company's stock valued at $78,000 after purchasing an additional 23 shares during the last quarter. Jacobi Capital Management LLC lifted its holdings in 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 period. Dorsey & Whitney Trust CO LLC boosted its stake in CrowdStrike by 1.4% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 1,974 shares of the company's stock valued at $675,000 after acquiring an additional 27 shares during the last quarter. Wintrust Investments LLC grew 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 acquiring an additional 29 shares during the period. Finally, Greenwich Wealth Management LLC raised its position in shares of CrowdStrike by 4.0% during the 4th quarter. Greenwich Wealth Management LLC now owns 776 shares of the company's stock valued at $265,000 after acquiring an additional 30 shares during the last quarter. 71.16% of the stock is currently owned by institutional investors.

CrowdStrike Stock Performance

NASDAQ CRWD traded down $17.90 during trading on Friday, reaching $410.73. The company's stock had a trading volume of 4,689,624 shares, compared to its average volume of 5,092,281. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $101.81 billion, a price-to-earnings ratio of 805.37, a price-to-earnings-growth ratio of 17.86 and a beta of 1.22. The firm has a 50 day moving average price of $376.01 and a 200 day moving average price of $369.70. CrowdStrike Holdings, Inc. has a 12 month low of $200.81 and a 12 month high of $455.59.

Insider Buying and Selling at CrowdStrike

In related news, CEO George Kurtz sold 22,449 shares of the stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $358.68, for a total transaction of $8,052,007.32. Following the sale, the chief executive officer now owns 2,178,452 shares in the company, valued at approximately $781,367,163.36. This trade represents a 1.02 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 transaction, 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 206,551 shares of company stock valued at $83,604,814 in the last three months. Corporate insiders own 4.34% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $440.00 price target on shares of CrowdStrike in a research note on Wednesday, March 5th. JMP Securities raised their price objective on CrowdStrike from $400.00 to $500.00 and gave the stock a "market outperform" rating in a research note on Monday. Needham & Company LLC restated a "buy" rating and issued a $420.00 price target on shares of CrowdStrike in a report on Wednesday, March 5th. Bank of America lifted their price objective on CrowdStrike from $400.00 to $420.00 and gave the company a "buy" rating in a report on Wednesday, February 26th. Finally, Susquehanna increased their target price on CrowdStrike from $400.00 to $425.00 and gave the stock a "positive" rating in a research note on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirty have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, CrowdStrike currently has an average rating of "Moderate Buy" and an average price target of $403.20.

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.