ProShare Advisors LLC Has $107.47 Million Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

ProShare Advisors LLC increased its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 19.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 314,103 shares of the company's stock after acquiring an additional 50,088 shares during the quarter. ProShare Advisors LLC owned about 0.13% of CrowdStrike worth $107,473,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. FSA Wealth Management LLC grew its holdings in 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 buying an additional 23 shares in the last quarter. Jacobi Capital Management LLC grew its holdings in CrowdStrike by 1.9% in the 4th 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 in the last quarter. Dorsey & Whitney Trust CO LLC grew its holdings in CrowdStrike by 1.4% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 1,974 shares of the company's stock valued at $675,000 after buying an additional 27 shares in the last quarter. Wintrust Investments LLC grew its holdings in CrowdStrike by 4.2% in the 4th quarter. Wintrust Investments LLC now owns 719 shares of the company's stock valued at $246,000 after buying an additional 29 shares in the last quarter. Finally, Greenwich Wealth Management LLC grew its holdings in shares of 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 in the last quarter. 71.16% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other CrowdStrike news, President Michael Sentonas sold 13,543 shares of the business's stock in a transaction on Friday, March 21st. The stock was sold at an average price of $358.62, for a total value 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. The trade was a 3.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 transaction, the chief accounting officer now directly owns 36,165 shares in the company, valued at $12,969,492.30. This represents a 3.97% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 189,431 shares of company stock valued at $76,275,228. Insiders own 3.32% of the company's stock.

CrowdStrike Trading Down 0.9%

Shares of CrowdStrike stock opened at $431.84 on Friday. The stock has a fifty day simple moving average of $383.64 and a 200 day simple moving average of $373.37. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. CrowdStrike Holdings, Inc. has a 12-month low of $200.81 and a 12-month high of $455.59. The company has a market capitalization of $107.04 billion, a P/E ratio of 846.76, a price-to-earnings-growth ratio of 17.86 and a beta of 1.22.

Analysts Set New Price Targets

Several analysts recently weighed in on CRWD shares. Robert W. Baird dropped their price objective on CrowdStrike from $440.00 to $405.00 and set a "neutral" rating for the company in a research report on Wednesday, March 5th. Needham & Company LLC restated a "buy" rating and set a $420.00 price objective on shares of CrowdStrike in a research report on Wednesday, March 5th. Bank of America upped their price objective on CrowdStrike from $400.00 to $420.00 and gave the stock a "buy" rating in a research report on Wednesday, February 26th. Evercore ISI upped their price objective on CrowdStrike from $400.00 to $450.00 and gave the stock an "outperform" rating in a research report on Wednesday, March 5th. Finally, JPMorgan Chase & Co. upped their price objective on CrowdStrike from $418.00 to $450.00 and gave the stock an "overweight" rating in a research report on Friday, February 28th. Two analysts have rated the stock with a sell rating, eleven have issued 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, CrowdStrike presently has a consensus rating of "Moderate Buy" and an average target price of $403.56.

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.

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