CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Acquired by Prudential Financial Inc.

Prudential Financial Inc. increased its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 1.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 306,651 shares of the company’s stock after acquiring an additional 3,304 shares during the quarter. Prudential Financial Inc. owned approximately 0.12% of CrowdStrike worth $104,924,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CRWD. Corebridge Financial Inc. grew its position in shares of CrowdStrike by 3.7% in the fourth quarter. Corebridge Financial Inc. now owns 78,315 shares of the company’s stock valued at $26,796,000 after purchasing an additional 2,758 shares during the period. Congress Wealth Management LLC DE grew its holdings in CrowdStrike by 4.9% in the 4th quarter. Congress Wealth Management LLC DE now owns 1,429 shares of the company’s stock valued at $489,000 after buying an additional 67 shares during the period. CMC Financial Group acquired a new position in shares of CrowdStrike during the 4th quarter valued at about $230,000. Crowley Wealth Management Inc. purchased a new position in shares of CrowdStrike during the 4th quarter worth about $34,000. Finally, Vanguard Group Inc. boosted its position in shares of CrowdStrike by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 21,926,011 shares of the company’s stock worth $7,502,204,000 after acquiring an additional 342,294 shares during the last quarter. 71.16% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 2,858 shares of the firm’s stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $364.29, for a total value of $1,041,140.82. Following the sale, the chief accounting officer now owns 38,201 shares in the company, valued at approximately $13,916,242.29. This trade represents a 6.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Sameer K. Gandhi sold 6,250 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $345.65, for a total value of $2,160,312.50. Following the transaction, the director now owns 811,842 shares of the company’s stock, valued at approximately $280,613,187.30. This represents a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 52,858 shares of company stock worth $21,288,706 in the last ninety days. 4.34% of the stock is owned by insiders.

CrowdStrike Stock Performance

CRWD stock opened at $372.64 on Tuesday. The stock’s fifty day moving average is $387.16 and its two-hundred day moving average is $346.07. The stock has a market capitalization of $92.37 billion, a price-to-earnings ratio of 730.68, a PEG ratio of 17.86 and a beta of 1.19. 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 Holdings, Inc. has a 1 year low of $200.81 and a 1 year high of $455.59.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CRWD. Susquehanna increased their price target on shares of CrowdStrike from $400.00 to $425.00 and gave the stock a “positive” rating in a research note on Wednesday, March 5th. The Goldman Sachs Group reiterated a “buy” rating on shares of CrowdStrike in a report on Wednesday, March 5th. Stifel Nicolaus dropped their price target on CrowdStrike from $475.00 to $435.00 and set a “buy” rating for the company in a research note on Wednesday, March 5th. Evercore ISI lifted their price objective on CrowdStrike from $400.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, March 5th. Finally, Robert W. Baird dropped their target price on shares of CrowdStrike from $440.00 to $405.00 and set a “neutral” rating for the company in a research report on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $399.51.

CrowdStrike Company 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.