Lord Abbett & CO. LLC Buys Shares of 165,730 CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Lord Abbett & CO. LLC purchased a new position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 165,730 shares of the company's stock, valued at approximately $56,706,000. Lord Abbett & CO. LLC owned about 0.07% of CrowdStrike at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Berbice Capital Management LLC bought a new stake in shares of CrowdStrike in the 4th quarter valued at $27,000. FPC Investment Advisory Inc. grew its position in shares of CrowdStrike by 811.1% in the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company's stock valued at $28,000 after purchasing an additional 73 shares during the period. Fortitude Family Office LLC lifted its stake in CrowdStrike by 112.8% in the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company's stock valued at $28,000 after buying an additional 44 shares in the last quarter. Crowley Wealth Management Inc. acquired a new position in shares of CrowdStrike in the fourth quarter valued at approximately $34,000. Finally, Luken Investment Analytics LLC acquired a new stake in shares of CrowdStrike during the fourth quarter worth $34,000. 71.16% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Guggenheim reiterated a "neutral" rating on shares of CrowdStrike in a report on Wednesday, March 5th. KeyCorp lowered their price target on shares of CrowdStrike from $480.00 to $450.00 and set an "overweight" rating on the stock in a report on Wednesday, March 5th. Stephens began coverage on CrowdStrike in a research report on Tuesday, April 1st. They issued an "overweight" rating and a $450.00 target price on the stock. BTIG Research raised CrowdStrike from a "neutral" rating to a "buy" rating and set a $431.00 price target for the company in a report on Tuesday, March 25th. Finally, Piper Sandler set a $347.00 target price on CrowdStrike in a report on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, thirty have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $400.76.

CrowdStrike Price Performance

NASDAQ:CRWD traded down $6.53 on Wednesday, reaching $424.46. 1,411,515 shares of the company's stock traded hands, compared to its average volume of 5,044,713. The stock has a 50-day simple moving average of $369.32 and a 200-day simple moving average of $363.30. CrowdStrike Holdings, Inc. has a 12 month low of $200.81 and a 12 month high of $455.59. The firm has a market cap of $105.21 billion, a PE ratio of 832.29, a P/E/G ratio of 17.86 and a beta of 1.28. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24.

Insider Activity at CrowdStrike

In other CrowdStrike news, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $412.39, for a total value of $2,577,437.50. Following the completion of the transaction, the director now directly owns 805,592 shares of the company's stock, valued at $332,218,084.88. This trade represents a 0.77 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Shawn Henry sold 4,000 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $450.67, for a total value of $1,802,680.00. Following the completion of the sale, the insider now owns 94,214 shares of the company's stock, valued at approximately $42,459,423.38. This represents a 4.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 132,875 shares of company stock valued at $50,491,736. 4.34% of the stock is owned by company insiders.

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.