Toronto Dominion Bank Grows Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Toronto Dominion Bank increased its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 11.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 88,836 shares of the company’s stock after purchasing an additional 9,114 shares during the period. Toronto Dominion Bank’s holdings in CrowdStrike were worth $24,916,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. State Street Corp increased its position in CrowdStrike by 2.9% in the third quarter. State Street Corp now owns 9,630,776 shares of the company’s stock worth $2,701,144,000 after purchasing an additional 275,717 shares during the last quarter. Jennison Associates LLC grew its stake in shares of CrowdStrike by 25.0% in the 3rd quarter. Jennison Associates LLC now owns 5,068,800 shares of the company’s stock worth $1,421,646,000 after buying an additional 1,013,161 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of CrowdStrike by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 4,893,457 shares of the company’s stock worth $1,367,505,000 after buying an additional 97,990 shares during the last quarter. Legal & General Group Plc raised its position in shares of CrowdStrike by 3.0% during the 2nd quarter. Legal & General Group Plc now owns 2,049,704 shares of the company’s stock valued at $785,425,000 after buying an additional 60,607 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in shares of CrowdStrike by 4.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,817,387 shares of the company’s stock valued at $696,471,000 after acquiring an additional 77,100 shares during the last quarter. 71.16% of the stock is currently owned by institutional investors.

CrowdStrike Stock Performance

Shares of CrowdStrike stock opened at $365.50 on Friday. The firm has a market capitalization of $90.03 billion, a P/E ratio of 716.67, a PEG ratio of 19.63 and a beta of 1.11. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week high of $398.33. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. The company has a 50 day moving average price of $327.47 and a 200 day moving average price of $313.71.

Insiders Place Their Bets

In other news, Director Sameer K. Gandhi sold 6,250 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $349.34, for a total value of $2,183,375.00. Following the completion of the transaction, the director now directly owns 809,266 shares in the company, valued at $282,708,984.44. This trade represents a 0.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Shawn Henry sold 4,500 shares of CrowdStrike stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $260.73, for a total value of $1,173,285.00. Following the sale, the insider now directly owns 174,591 shares of the company’s stock, valued at $45,521,111.43. This trade represents a 2.51 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 144,498 shares of company stock valued at $45,116,385. Insiders own 4.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft reduced their price objective on CrowdStrike from $350.00 to $275.00 and set a “hold” rating on the stock in a research note on Monday, August 26th. Sanford C. Bernstein decreased their price target on CrowdStrike from $334.00 to $327.00 and set an “outperform” rating on the stock in a report on Thursday, September 5th. Susquehanna lifted their price objective on shares of CrowdStrike from $310.00 to $400.00 and gave the stock a “positive” rating in a research note on Wednesday, November 27th. Oppenheimer increased their target price on shares of CrowdStrike from $365.00 to $410.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Finally, Westpark Capital reaffirmed a “hold” rating on shares of CrowdStrike in a research note on Monday, November 25th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $355.80.

About CrowdStrike

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.