Rafferty Asset Management LLC Acquires 3,485 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Rafferty Asset Management LLC lifted its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 2.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 137,792 shares of the company's stock after acquiring an additional 3,485 shares during the quarter. Rafferty Asset Management LLC owned approximately 0.06% of CrowdStrike worth $47,147,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of CRWD. Empirical Asset Management LLC bought a new position in CrowdStrike in the 4th quarter worth approximately $11,310,000. Primoris Wealth Advisors LLC acquired a new position in shares of CrowdStrike during the 4th quarter worth about $2,166,000. Arcadia Investment Management Corp MI raised its holdings in shares of CrowdStrike by 30.8% in the 4th quarter. Arcadia Investment Management Corp MI now owns 11,954 shares of the company's stock valued at $4,090,000 after purchasing an additional 2,814 shares during the period. Greenleaf Trust lifted its position in CrowdStrike by 53.4% during the fourth quarter. Greenleaf Trust now owns 2,967 shares of the company's stock worth $1,015,000 after acquiring an additional 1,033 shares during the last quarter. Finally, Trifecta Capital Advisors LLC boosted its position in shares of CrowdStrike by 2,140.3% during the 4th quarter. Trifecta Capital Advisors LLC now owns 8,961 shares of the company's stock worth $3,066,000 after acquiring an additional 8,561 shares in the last quarter. 71.16% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at CrowdStrike

In other news, CAO Anurag Saha sold 2,141 shares of the company's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $371.79, for a total transaction of $796,002.39. Following the completion of the sale, the chief accounting officer now owns 34,024 shares in the company, valued at approximately $12,649,782.96. This represents a 5.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Shawn Henry sold 4,500 shares of the company's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $353.00, for a total value of $1,588,500.00. Following the sale, the insider now owns 89,714 shares of the company's stock, valued at approximately $31,669,042. This trade represents a 4.78% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 189,431 shares of company stock worth $76,275,228. 3.32% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on CRWD. Evercore ISI lifted their target price on shares of CrowdStrike from $400.00 to $450.00 and gave the stock an "outperform" rating in a research note on Wednesday, March 5th. Bank of America increased their price target on shares of CrowdStrike from $400.00 to $420.00 and gave the stock a "buy" rating in a report on Wednesday, February 26th. Wells Fargo & Company increased their price target on shares of CrowdStrike from $400.00 to $430.00 and gave the company an "overweight" rating in a research report on Wednesday, March 5th. Robert W. Baird decreased their price objective on shares of CrowdStrike from $440.00 to $405.00 and set a "neutral" rating for the company in a report on Wednesday, March 5th. Finally, Wedbush raised their price objective on shares of CrowdStrike from $390.00 to $395.00 and gave the company an "outperform" rating in a research note on Wednesday, March 5th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $403.56.

CrowdStrike Stock Up 1.7%

Shares of CRWD traded up $7.42 during trading hours on Friday, hitting $439.26. 2,119,098 shares of the company were exchanged, compared to its average volume of 5,099,511. The company has a market cap of $108.88 billion, a PE ratio of 861.31, a PEG ratio of 17.86 and a beta of 1.22. The firm's 50 day moving average is $385.84 and its 200-day moving average is $374.26. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week 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.