First National Bank of Hutchinson Increases Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

First National Bank of Hutchinson grew its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 68.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 3,085 shares of the company’s stock after buying an additional 1,252 shares during the quarter. First National Bank of Hutchinson’s holdings in CrowdStrike were worth $1,056,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of CRWD. Jennison Associates LLC increased its stake in shares of CrowdStrike by 25.0% during the third quarter. Jennison Associates LLC now owns 5,068,800 shares of the company’s stock valued at $1,421,646,000 after buying an additional 1,013,161 shares during the period. Daiwa Securities Group Inc. raised its holdings in CrowdStrike by 1,655.9% in the 3rd quarter. Daiwa Securities Group Inc. now owns 755,951 shares of the company’s stock worth $212,021,000 after purchasing an additional 712,900 shares in the last quarter. Raymond James Financial Inc. bought a new position in CrowdStrike in the 4th quarter worth $237,375,000. Amundi lifted its position in shares of CrowdStrike by 41.9% in the 4th quarter. Amundi now owns 1,382,952 shares of the company’s stock worth $496,093,000 after purchasing an additional 408,190 shares during the period. Finally, State Street Corp boosted its stake in shares of CrowdStrike by 2.9% during the 3rd quarter. State Street Corp now owns 9,630,776 shares of the company’s stock valued at $2,701,144,000 after purchasing an additional 275,717 shares in the last quarter. Institutional investors own 71.16% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on CRWD shares. Guggenheim reissued a “neutral” rating on shares of CrowdStrike in a research note on Wednesday, March 5th. Wedbush increased their target price on CrowdStrike from $390.00 to $395.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 5th. Susquehanna lifted their price target on CrowdStrike from $400.00 to $425.00 and gave the company a “positive” rating in a research report on Wednesday, March 5th. KeyCorp decreased their price objective on CrowdStrike from $480.00 to $450.00 and set an “overweight” rating for the company in a report on Wednesday, March 5th. Finally, JPMorgan Chase & Co. boosted their target price on shares of CrowdStrike from $418.00 to $450.00 and gave the company an “overweight” rating in a report on Friday, February 28th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $399.51.

CrowdStrike Price Performance

Shares of CrowdStrike stock opened at $375.05 on Thursday. The stock has a market cap of $92.96 billion, a P/E ratio of 735.41, a P/E/G 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. The stock’s fifty day moving average is $386.06 and its 200 day moving average is $343.34. CrowdStrike Holdings, Inc. has a one year low of $200.81 and a one year high of $455.59.

Insider Transactions at CrowdStrike

In other CrowdStrike news, President Michael Sentonas sold 10,801 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $358.47, for a total transaction of $3,871,834.47. Following the sale, the president now owns 389,589 shares in the company, valued at approximately $139,655,968.83. This trade represents a 2.70 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Burt W. Podbere sold 11,217 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $358.14, for a total transaction of $4,017,256.38. Following the completion of the transaction, the chief financial officer now owns 290,711 shares of the company’s stock, valued at approximately $104,115,237.54. The trade was a 3.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 100,315 shares of company stock valued at $38,319,124 over the last quarter. 4.34% of the stock is currently owned by company insiders.

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.