CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Purchased by Corebridge Financial Inc.

Corebridge Financial Inc. grew its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 3.7% during the fourth quarter, HoldingsChannel reports. The firm owned 78,315 shares of the company’s stock after buying an additional 2,758 shares during the period. Corebridge Financial Inc.’s holdings in CrowdStrike were worth $26,796,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Congress Wealth Management LLC DE lifted its position in CrowdStrike by 4.9% during the 4th quarter. Congress Wealth Management LLC DE now owns 1,429 shares of the company’s stock worth $489,000 after acquiring an additional 67 shares in the last quarter. CMC Financial Group purchased a new stake in shares of CrowdStrike during the fourth quarter valued at approximately $230,000. Crowley Wealth Management Inc. acquired a new position in shares of CrowdStrike during the fourth quarter worth $34,000. Vanguard Group Inc. boosted its stake 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 valued at $7,502,204,000 after purchasing an additional 342,294 shares during the period. Finally, LPL Financial LLC grew its holdings in CrowdStrike by 6.0% during the 4th quarter. LPL Financial LLC now owns 456,821 shares of the company’s stock valued at $156,306,000 after purchasing an additional 26,000 shares in the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 2,858 shares of the firm’s stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $364.29, for a total transaction of $1,041,140.82. Following the transaction, the chief accounting officer now owns 38,201 shares of the company’s stock, valued at approximately $13,916,242.29. This trade represents a 6.96 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Sameer K. Gandhi sold 6,250 shares of the company’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 transaction of $2,160,312.50. Following the completion of the sale, the director now directly 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 52,858 shares of company stock valued at $21,288,706 in the last quarter. Corporate insiders own 4.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CRWD. HSBC cut shares of CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 price objective for the company. in a research report on Wednesday, November 27th. UBS Group lowered their price objective on CrowdStrike from $450.00 to $425.00 and set a “buy” rating for the company in a research note on Wednesday, March 5th. Morgan Stanley assumed coverage on CrowdStrike in a report on Tuesday, March 18th. They set an “overweight” rating on the stock. Westpark Capital reiterated a “hold” rating on shares of CrowdStrike in a research note on Wednesday, March 5th. Finally, KeyCorp dropped their price target on shares of CrowdStrike from $480.00 to $450.00 and set an “overweight” rating for the company in a research note on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $399.51.

CrowdStrike Stock Performance

Shares of NASDAQ CRWD opened at $362.24 on Monday. CrowdStrike Holdings, Inc. has a 12-month low of $200.81 and a 12-month high of $455.59. The company has a market cap of $89.79 billion, a PE ratio of 710.29, a P/E/G ratio of 17.86 and a beta of 1.19. The stock has a 50 day simple moving average of $386.53 and a 200-day simple moving average of $345.25. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24.

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.