Arrowstreet Capital Limited Partnership Increases Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Arrowstreet Capital Limited Partnership boosted its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 2,586.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 418,094 shares of the company’s stock after acquiring an additional 402,531 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in CrowdStrike were worth $143,055,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Fisher Asset Management LLC lifted its position in CrowdStrike by 17.9% during the third quarter. Fisher Asset Management LLC now owns 2,230 shares of the company’s stock worth $626,000 after buying an additional 339 shares during the period. Townsquare Capital LLC lifted its holdings in shares of CrowdStrike by 1.6% during the 3rd quarter. Townsquare Capital LLC now owns 8,495 shares of the company’s stock worth $2,383,000 after acquiring an additional 133 shares during the period. Glenmede Trust Co. NA boosted its position in shares of CrowdStrike by 119.1% in the third quarter. Glenmede Trust Co. NA now owns 2,927 shares of the company’s stock worth $821,000 after acquiring an additional 1,591 shares during the last quarter. Captrust Financial Advisors grew its holdings in CrowdStrike by 16.3% in the third quarter. Captrust Financial Advisors now owns 54,204 shares of the company’s stock valued at $15,203,000 after purchasing an additional 7,587 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec grew its holdings in CrowdStrike by 20.5% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 139,602 shares of the company’s stock valued at $39,154,000 after purchasing an additional 23,715 shares during the period. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CAO Anurag Saha sold 1,496 shares of the business’s stock in a transaction on Friday, March 21st. The shares were sold at an average price of $358.62, for a total transaction of $536,495.52. Following the completion of the transaction, the chief accounting officer now owns 36,165 shares of the company’s stock, valued at approximately $12,969,492.30. The trade was a 3.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Shawn Henry sold 4,000 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $450.67, for a total transaction of $1,802,680.00. Following the completion of the sale, the insider now directly owns 94,214 shares in the company, valued at approximately $42,459,423.38. This trade represents a 4.07 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 110,801 shares of company stock worth $42,092,255 in the last three months. 4.34% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CRWD. Barclays reduced their target price on CrowdStrike from $506.00 to $475.00 and set an “overweight” rating on the stock in a report on Wednesday, March 5th. JPMorgan Chase & Co. lifted 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. Canaccord Genuity Group increased their price target on CrowdStrike from $370.00 to $420.00 and gave the company a “buy” rating in a report on Monday, March 3rd. Jefferies Financial Group reduced their price objective on CrowdStrike from $450.00 to $425.00 and set a “buy” rating on the stock in a research note on Wednesday, March 5th. Finally, Wedbush increased their target price on CrowdStrike from $390.00 to $395.00 and gave the company an “outperform” rating in a research note on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, CrowdStrike currently has an average rating of “Moderate Buy” and a consensus price target of $400.26.

CrowdStrike Stock Down 2.6 %

NASDAQ:CRWD opened at $357.11 on Monday. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. The stock has a 50 day moving average of $388.15 and a 200-day moving average of $349.49. The firm has a market capitalization of $88.52 billion, a PE ratio of 700.23, a price-to-earnings-growth ratio of 17.86 and a beta of 1.19. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week high of $455.59.

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.