Pinebridge Investments L.P. Has $55.35 Million Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Pinebridge Investments L.P. grew its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 11.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 161,779 shares of the company's stock after acquiring an additional 16,679 shares during the quarter. Pinebridge Investments L.P. owned 0.07% of CrowdStrike worth $55,354,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Berbice Capital Management LLC acquired a new position in CrowdStrike during the 4th quarter worth approximately $27,000. FPC Investment Advisory Inc. boosted its position in CrowdStrike by 811.1% during the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company's stock worth $28,000 after acquiring an additional 73 shares during the last quarter. Fortitude Family Office LLC boosted its position in CrowdStrike by 112.8% during the 4th quarter. Fortitude Family Office LLC now owns 83 shares of the company's stock worth $28,000 after acquiring an additional 44 shares during the last quarter. Crowley Wealth Management Inc. acquired a new position in CrowdStrike during the 4th quarter worth approximately $34,000. Finally, Luken Investment Analytics LLC acquired a new position in CrowdStrike during the 4th quarter worth approximately $34,000. Institutional investors and hedge funds own 71.16% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on CRWD shares. Barclays decreased their target price on shares of CrowdStrike from $506.00 to $475.00 and set an "overweight" rating for the company in a research note on Wednesday, March 5th. Baird R W downgraded shares of CrowdStrike from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 3rd. Piper Sandler set a $347.00 price objective on shares of CrowdStrike in a research note on Wednesday, March 5th. Morgan Stanley lowered their price objective on shares of CrowdStrike from $429.00 to $415.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Finally, Jefferies Financial Group lowered their price objective on shares of CrowdStrike from $425.00 to $410.00 and set a "buy" rating on the stock in a research note on Monday, March 31st. Two equities 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 given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $400.76.

Insider Buying and Selling

In related news, Director Johanna Flower sold 2,974 shares of the company's stock in a transaction that occurred on Monday, April 21st. The shares were sold at an average price of $362.48, for a total transaction of $1,078,015.52. Following the completion of the transaction, the director now directly owns 82,875 shares in the company, valued at $30,040,530. This represents a 3.46 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Michael Sentonas sold 13,543 shares of the company's stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $358.62, for a total transaction of $4,856,790.66. Following the transaction, the president now owns 405,308 shares of the company's stock, valued at approximately $145,351,554.96. This represents a 3.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 122,375 shares of company stock worth $46,197,236 in the last three months. 4.34% of the stock is owned by corporate insiders.

CrowdStrike Price Performance

Shares of CrowdStrike stock traded up $10.83 on Friday, reaching $424.88. 3,330,958 shares of the stock were exchanged, compared to its average volume of 5,066,026. The firm's 50 day moving average is $369.96 and its 200-day moving average is $362.11. The firm has a market cap of $105.32 billion, a PE ratio of 833.11, a P/E/G ratio of 17.86 and a beta of 1.28. CrowdStrike Holdings, Inc. has a one year low of $200.81 and a one year high of $455.59. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86.

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.