Quantinno Capital Management LP Increases Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Quantinno Capital Management LP grew its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 104.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,320 shares of the company's stock after buying an additional 22,167 shares during the quarter. Quantinno Capital Management LP's holdings in CrowdStrike were worth $14,822,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Czech National Bank boosted its holdings in CrowdStrike by 7.3% during the fourth quarter. Czech National Bank now owns 50,471 shares of the company's stock worth $17,269,000 after purchasing an additional 3,438 shares during the last quarter. Aprio Wealth Management LLC purchased a new position in CrowdStrike during the fourth quarter worth about $248,000. Capital Investment Advisors LLC boosted its holdings in CrowdStrike by 24.4% during the fourth quarter. Capital Investment Advisors LLC now owns 2,134 shares of the company's stock worth $730,000 after purchasing an additional 419 shares during the last quarter. CHICAGO TRUST Co NA boosted its holdings in CrowdStrike by 7.0% during the fourth quarter. CHICAGO TRUST Co NA now owns 1,218 shares of the company's stock worth $417,000 after purchasing an additional 80 shares during the last quarter. Finally, Wedmont Private Capital boosted its holdings in CrowdStrike by 4.8% during the fourth quarter. Wedmont Private Capital now owns 3,195 shares of the company's stock worth $1,115,000 after purchasing an additional 147 shares during the last quarter. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $450.67, for a total value of $1,802,680.00. Following the completion of the transaction, the insider now owns 94,214 shares of the company's stock, valued at $42,459,423.38. The trade was a 4.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO George Kurtz sold 55,556 shares of the business's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $447.54, for a total transaction of $24,863,532.24. Following the completion of the transaction, the chief executive officer now directly owns 2,192,610 shares of the company's stock, valued at approximately $981,280,679.40. This represents a 2.47% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 189,431 shares of company stock valued at $76,275,228 in the last quarter. Corporate insiders own 3.32% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on CRWD shares. BTIG Research upgraded shares of CrowdStrike from a "neutral" rating to a "buy" rating and set a $431.00 price target on the stock in a report on Tuesday, March 25th. Mizuho lowered shares of CrowdStrike from an "outperform" rating to a "neutral" rating and set a $425.00 price objective on the stock. in a research report on Thursday. Morgan Stanley lifted their price objective on shares of CrowdStrike from $415.00 to $455.00 and gave the stock an "overweight" rating in a research report on Thursday. Needham & Company LLC reaffirmed a "buy" rating and issued a $420.00 price objective on shares of CrowdStrike in a research report on Wednesday, March 5th. Finally, Citigroup reaffirmed an "outperform" rating on shares of CrowdStrike in a research report on Monday, May 5th. Two equities research 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 company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $403.56.

CrowdStrike Price Performance

CRWD stock traded up $7.42 during midday trading on Friday, reaching $439.26. The company had a trading volume of 2,119,098 shares, compared to its average volume of 5,099,511. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. CrowdStrike Holdings, Inc. has a 1 year low of $200.81 and a 1 year high of $455.59. The company has a market capitalization of $108.88 billion, a P/E ratio of 861.31, a P/E/G ratio of 17.86 and a beta of 1.22. The firm has a 50-day moving average price of $383.64 and a 200-day moving average price of $373.37.

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.