Royal London Asset Management Ltd. Increases Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Royal London Asset Management Ltd. lifted its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 21.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 111,105 shares of the company’s stock after purchasing an additional 19,821 shares during the period. Royal London Asset Management Ltd.’s holdings in CrowdStrike were worth $38,016,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. State Street Corp increased its position in CrowdStrike by 2.9% during the third quarter. State Street Corp now owns 9,630,776 shares of the company’s stock worth $2,701,144,000 after buying an additional 275,717 shares in the last quarter. Jennison Associates LLC raised its stake in CrowdStrike by 6.9% in the 4th quarter. Jennison Associates LLC now owns 5,420,980 shares of the company’s stock valued at $1,854,843,000 after purchasing an additional 352,180 shares during the last quarter. Geode Capital Management LLC lifted its holdings in CrowdStrike by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 4,893,457 shares of the company’s stock valued at $1,367,505,000 after purchasing an additional 97,990 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of CrowdStrike by 12.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,570,440 shares of the company’s stock worth $440,461,000 after purchasing an additional 171,861 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of CrowdStrike by 4.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,419,075 shares of the company’s stock worth $485,551,000 after buying an additional 64,581 shares in the last quarter. 71.16% of the stock is currently owned by institutional investors and hedge funds.

CrowdStrike Trading Down 1.6 %

Shares of CRWD opened at $369.03 on Friday. The company has a market capitalization of $91.47 billion, a P/E ratio of 723.60, a P/E/G ratio of 17.86 and a beta of 1.19. CrowdStrike Holdings, Inc. has a one year low of $200.81 and a one year high of $455.59. 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 has a 50-day moving average price of $386.27 and a 200 day moving average price of $343.52.

Insider Activity at CrowdStrike

In related news, CEO George Kurtz sold 18,071 shares of the stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $359.70, for a total value of $6,500,138.70. Following the completion of the transaction, the chief executive officer now owns 2,159,935 shares of the company’s stock, valued at approximately $776,928,619.50. This represents a 0.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Shawn Henry sold 4,000 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $450.67, for a total value of $1,802,680.00. Following the completion of the transaction, the insider now directly owns 94,214 shares of the company’s stock, valued at $42,459,423.38. This represents a 4.07 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 100,315 shares of company stock valued at $38,319,124. Insiders own 4.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Baird R W lowered shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 3rd. Stifel Nicolaus decreased their price objective on CrowdStrike from $475.00 to $435.00 and set a “buy” rating on the stock in a report on Wednesday, March 5th. BMO Capital Markets upped their target price on CrowdStrike from $380.00 to $405.00 and gave the company an “outperform” rating in a research note on Wednesday, March 5th. Citigroup reissued a “buy” rating on shares of CrowdStrike in a research note on Wednesday, February 5th. Finally, Mizuho upped their price objective on shares of CrowdStrike from $385.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, February 12th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $399.51.

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.