Insight Holdings Group LLC Raises Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Insight Holdings Group LLC boosted its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWDFree Report) by 22.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 67,700 shares of the company’s stock after purchasing an additional 12,200 shares during the quarter. CrowdStrike makes up 0.4% of Insight Holdings Group LLC’s investment portfolio, making the stock its 18th biggest holding. Insight Holdings Group LLC’s holdings in CrowdStrike were worth $17,285,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. Morgan Stanley increased its holdings in shares of CrowdStrike by 124.4% in the 3rd quarter. Morgan Stanley now owns 4,973,809 shares of the company’s stock valued at $832,516,000 after acquiring an additional 2,757,251 shares during the last quarter. Norges Bank purchased a new position in shares of CrowdStrike in the 4th quarter valued at about $683,336,000. Jennison Associates LLC increased its holdings in shares of CrowdStrike by 33.2% in the 4th quarter. Jennison Associates LLC now owns 6,340,819 shares of the company’s stock valued at $1,618,938,000 after acquiring an additional 1,581,796 shares during the last quarter. International Assets Investment Management LLC boosted its position in shares of CrowdStrike by 22,542.6% in the 4th quarter. International Assets Investment Management LLC now owns 734,300 shares of the company’s stock valued at $187,481,000 after purchasing an additional 731,057 shares during the period. Finally, Invesco Ltd. boosted its position in shares of CrowdStrike by 52.3% in the 3rd quarter. Invesco Ltd. now owns 1,249,776 shares of the company’s stock valued at $209,188,000 after purchasing an additional 429,186 shares during the period. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Insider Transactions at CrowdStrike

In other news, CEO George Kurtz sold 78,080 shares of the firm’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $326.78, for a total transaction of $25,514,982.40. Following the sale, the chief executive officer now owns 1,148,102 shares in the company, valued at $375,176,771.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO George Kurtz sold 78,080 shares of the firm’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $326.78, for a total transaction of $25,514,982.40. Following the sale, the chief executive officer now owns 1,148,102 shares in the company, valued at $375,176,771.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Anurag Saha sold 1,019 shares of CrowdStrike stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $325.80, for a total value of $331,990.20. Following the completion of the transaction, the chief accounting officer now owns 36,136 shares in the company, valued at approximately $11,773,108.80. The disclosure for this sale can be found here. Insiders have sold 317,000 shares of company stock worth $101,229,160 over the last quarter. 4.34% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on CRWD shares. KeyCorp decreased their target price on CrowdStrike from $430.00 to $376.00 and set an “overweight” rating for the company in a research report on Thursday, April 18th. Oppenheimer upped their target price on CrowdStrike from $300.00 to $355.00 and gave the company an “outperform” rating in a research report on Wednesday, March 6th. JMP Securities reissued a “market outperform” rating and issued a $400.00 target price on shares of CrowdStrike in a research report on Tuesday, May 14th. Royal Bank of Canada upped their target price on CrowdStrike from $357.00 to $420.00 and gave the company an “outperform” rating in a research report on Wednesday, March 6th. Finally, Citigroup increased their price objective on CrowdStrike from $320.00 to $425.00 and gave the stock a “buy” rating in a research report on Thursday, March 7th. One equities research analyst has rated the stock with a hold rating and thirty-seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, CrowdStrike currently has an average rating of “Moderate Buy” and an average target price of $371.87.

Check Out Our Latest Stock Analysis on CrowdStrike

CrowdStrike Price Performance

CrowdStrike stock traded up $9.12 during mid-day trading on Friday, hitting $351.47. 2,669,970 shares of the company were exchanged, compared to its average volume of 2,452,240. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.76 and a quick ratio of 1.76. The business’s 50 day simple moving average is $317.04 and its two-hundred day simple moving average is $288.68. The company has a market capitalization of $85.01 billion, a P/E ratio of 976.33, a PEG ratio of 14.06 and a beta of 1.08. CrowdStrike Holdings, Inc. has a 12-month low of $139.37 and a 12-month high of $365.00.

CrowdStrike (NASDAQ:CRWDGet Free Report) last released its quarterly earnings results on Tuesday, March 5th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.06. The company had revenue of $845.34 million during the quarter, compared to the consensus estimate of $839.08 million. CrowdStrike had a return on equity of 6.09% and a net margin of 2.92%. Analysts forecast that CrowdStrike Holdings, Inc. will post 1.12 earnings per share for the current fiscal year.

CrowdStrike Company Profile

(Free Report)

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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Institutional Ownership by Quarter for CrowdStrike (NASDAQ:CRWD)

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