Sumitomo Mitsui DS Asset Management Company Ltd Acquires 10,047 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Sumitomo Mitsui DS Asset Management Company Ltd grew its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 24.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 50,692 shares of the company's stock after purchasing an additional 10,047 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in CrowdStrike were worth $12,943,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Coppell Advisory Solutions Corp. bought a new position in shares of CrowdStrike in the fourth quarter valued at approximately $25,000. CVA Family Office LLC bought a new position in shares of CrowdStrike in the fourth quarter valued at approximately $26,000. Silver Oak Securities Incorporated bought a new stake in CrowdStrike during the third quarter worth approximately $27,000. Bear Mountain Capital Inc. bought a new stake in CrowdStrike during the fourth quarter worth approximately $27,000. Finally, Gradient Investments LLC boosted its holdings in CrowdStrike by 1,818.2% during the third quarter. Gradient Investments LLC now owns 211 shares of the company's stock worth $35,000 after buying an additional 200 shares in the last quarter. Institutional investors own 71.16% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on CRWD shares. Barclays raised their target price on shares of CrowdStrike from $340.00 to $400.00 and gave the stock an "overweight" rating in a report on Wednesday, March 6th. Guggenheim raised their target price on shares of CrowdStrike from $358.00 to $424.00 and gave the stock a "buy" rating in a report on Wednesday, March 6th. Morgan Stanley raised their target price on shares of CrowdStrike from $304.00 to $372.00 and gave the stock an "overweight" rating in a report on Wednesday, March 13th. Royal Bank of Canada raised their target price on shares of CrowdStrike from $357.00 to $420.00 and gave the stock an "outperform" rating in a report on Wednesday, March 6th. Finally, Canaccord Genuity Group upped their price target on shares of CrowdStrike from $300.00 to $400.00 and gave the company a "buy" rating in a research report on Wednesday, March 6th. One research analyst has rated the stock with a hold rating and thirty-seven have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $371.87.

Insider Activity at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 1,786 shares of the firm's stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $331.52, for a total value of $592,094.72. Following the sale, the chief accounting officer now directly owns 34,350 shares in the company, valued at approximately $11,387,712. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the firm's stock in a transaction on Monday, April 15th. The shares were sold at an average price of $308.79, for a total value of $1,235,160.00. Following the sale, the insider now directly owns 208,961 shares in the company, valued at approximately $64,525,067.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Anurag Saha sold 1,786 shares of the firm's stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $331.52, for a total transaction of $592,094.72. Following the completion of the sale, the chief accounting officer now owns 34,350 shares in the company, valued at $11,387,712. The disclosure for this sale can be found here. In the last three months, insiders have sold 223,544 shares of company stock worth $72,113,932. 5.68% of the stock is owned by insiders.

CrowdStrike Stock Performance

NASDAQ:CRWD traded down $11.46 during midday trading on Friday, reaching $282.64. The stock had a trading volume of 3,116,556 shares, compared to its average volume of 2,032,288. CrowdStrike Holdings, Inc. has a 1-year low of $115.67 and a 1-year high of $365.00. The firm's fifty day simple moving average is $317.72 and its 200-day simple moving average is $265.11. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.76 and a quick ratio of 1.76. The stock has a market capitalization of $68.36 billion, a P/E ratio of 785.13, a PEG ratio of 11.30 and a beta of 1.05.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last posted its earnings results on Tuesday, March 5th. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.18 by $0.06. CrowdStrike had a net margin of 2.92% and a return on equity of 6.09%. The business had revenue of $845.34 million for the quarter, compared to analyst estimates of $839.08 million. On average, equities research analysts forecast that CrowdStrike Holdings, Inc. will post 1.12 EPS for the current fiscal year.

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.