LPL Financial LLC Has $156.31 Million Stock Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

LPL Financial LLC lifted its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 6.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 456,821 shares of the company’s stock after buying an additional 26,000 shares during the period. LPL Financial LLC’s holdings in CrowdStrike were worth $156,306,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Raymond James Financial Inc. acquired a new position in CrowdStrike during the fourth quarter worth about $237,375,000. Amundi increased its position in CrowdStrike by 41.9% during 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 in the last quarter. Jennison Associates LLC lifted 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. State Street Corp boosted its position in CrowdStrike by 2.9% in the third quarter. State Street Corp now owns 9,630,776 shares of the company’s stock valued at $2,701,144,000 after buying an additional 275,717 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in shares of CrowdStrike during the fourth quarter worth $86,869,000. 71.16% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on CRWD shares. JPMorgan Chase & Co. increased their price target on CrowdStrike from $418.00 to $450.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. Guggenheim reissued a “neutral” rating on shares of CrowdStrike in a research note on Wednesday, March 5th. Morgan Stanley initiated coverage on CrowdStrike in a research note on Tuesday, March 18th. They issued an “overweight” rating for the company. UBS Group cut their target price on shares of CrowdStrike from $450.00 to $425.00 and set a “buy” rating on the stock in a research report on Wednesday, March 5th. Finally, HSBC cut shares of CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 price target for the company. in a research report on Wednesday, November 27th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $399.51.

CrowdStrike Trading Up 2.9 %

CRWD opened at $372.64 on Tuesday. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $455.59. The firm has a market capitalization of $92.37 billion, a PE ratio of 730.68, 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 current ratio of 1.86 and a quick ratio of 1.86. The company’s 50-day moving average is $387.16 and its 200 day moving average is $346.07.

Insiders Place Their Bets

In related news, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $450.67, for a total transaction of $1,802,680.00. Following the transaction, the insider now directly owns 94,214 shares in the company, valued at approximately $42,459,423.38. The trade was a 4.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Anurag Saha sold 2,858 shares of the 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 completion of the sale, 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 52,858 shares of company stock valued at $21,288,706. Corporate insiders own 4.34% of the company’s stock.

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.