Headlands Technologies LLC Buys New Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Headlands Technologies LLC bought a new stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 8,584 shares of the company’s stock, valued at approximately $2,192,000. CrowdStrike comprises about 0.7% of Headlands Technologies LLC’s holdings, making the stock its 23rd largest position.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in CrowdStrike by 1.0% in the third quarter. Vanguard Group Inc. now owns 14,717,715 shares of the company’s stock valued at $2,463,451,000 after acquiring an additional 150,898 shares during the period. Jennison Associates LLC lifted its holdings in CrowdStrike by 33.2% in the fourth quarter. Jennison Associates LLC now owns 6,340,819 shares of the company’s stock valued at $1,618,938,000 after acquiring an additional 1,581,796 shares during the period. Morgan Stanley lifted its holdings in CrowdStrike by 124.4% in the third quarter. Morgan Stanley now owns 4,973,809 shares of the company’s stock valued at $832,516,000 after acquiring an additional 2,757,251 shares during the period. Ameriprise Financial Inc. lifted its holdings in CrowdStrike by 17.9% in the third quarter. Ameriprise Financial Inc. now owns 2,768,332 shares of the company’s stock valued at $463,482,000 after acquiring an additional 419,619 shares during the period. Finally, FMR LLC raised its stake in shares of CrowdStrike by 8.6% during the 3rd quarter. FMR LLC now owns 1,864,511 shares of the company’s stock worth $312,082,000 after buying an additional 147,757 shares during the period. Hedge funds and other institutional investors own 71.16% of the company’s stock.

CrowdStrike Stock Performance

NASDAQ CRWD opened at $304.07 on Friday. The stock has a market cap of $73.55 billion, a PE ratio of 844.66, a P/E/G ratio of 12.16 and a beta of 1.05. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.32. CrowdStrike Holdings, Inc. has a twelve month low of $115.67 and a twelve month high of $365.00. The stock has a fifty day simple moving average of $314.71 and a 200-day simple moving average of $268.72.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings results on Tuesday, March 5th. The company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.06. CrowdStrike had a return on equity of 6.09% and a net margin of 2.92%. The business had revenue of $845.34 million during the quarter, compared to analysts’ expectations of $839.08 million. Equities analysts anticipate that CrowdStrike Holdings, Inc. will post 1.12 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CRWD. Robert W. Baird upped their target price on CrowdStrike from $281.00 to $350.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 6th. TD Cowen upped their target price on CrowdStrike from $340.00 to $400.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 6th. Citigroup upped their target price on CrowdStrike from $320.00 to $425.00 and gave the stock a “buy” rating in a research note on Thursday, March 7th. Westpark Capital reaffirmed a “hold” rating on shares of CrowdStrike in a research note on Wednesday, January 17th. Finally, Wedbush increased their price objective on CrowdStrike from $278.00 to $350.00 and gave the company an “outperform” rating in a research note on Tuesday, March 5th. One analyst has rated the stock with a hold rating and thirty-seven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $371.87.

Insider Buying and Selling

In related news, CAO Anurag Saha sold 1,786 shares of the stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $331.52, for a total transaction of $592,094.72. Following the transaction, the chief accounting officer now owns 34,350 shares of the company’s stock, valued at approximately $11,387,712. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CAO Anurag Saha sold 1,786 shares of the stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $331.52, for a total transaction of $592,094.72. Following the transaction, the chief accounting officer now owns 34,350 shares of the company’s stock, valued at approximately $11,387,712. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, President Michael Sentonas sold 18,747 shares of the stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $325.80, for a total value of $6,107,772.60. Following the completion of the sale, the president now directly owns 382,958 shares in the company, valued at approximately $124,767,716.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 223,544 shares of company stock valued at $72,113,932. Corporate insiders own 5.68% of the company’s stock.

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.