CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT Acquires 8,000 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT raised its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 133.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 14,000 shares of the company’s stock after purchasing an additional 8,000 shares during the period. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT’s holdings in CrowdStrike were worth $4,790,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of CRWD. Jennison Associates LLC grew its position in CrowdStrike by 25.0% during the 3rd quarter. Jennison Associates LLC now owns 5,068,800 shares of the company’s stock worth $1,421,646,000 after acquiring an additional 1,013,161 shares during the last quarter. International Assets Investment Management LLC grew its holdings in shares of CrowdStrike by 17,926.3% during the third quarter. International Assets Investment Management LLC now owns 925,831 shares of the company’s stock worth $259,668,000 after purchasing an additional 920,695 shares during the last quarter. 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 valued at $212,021,000 after buying an additional 712,900 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in CrowdStrike by 248.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 521,198 shares of the company’s stock worth $146,180,000 after acquiring an additional 371,695 shares during the last quarter. Finally, State Street Corp raised its stake in shares of CrowdStrike by 2.9% during the third quarter. State Street Corp now owns 9,630,776 shares of the company’s stock valued at $2,701,144,000 after acquiring an additional 275,717 shares during the last quarter. Institutional investors and hedge funds own 71.16% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on CRWD shares. Piper Sandler raised their target price on CrowdStrike from $290.00 to $375.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. Hsbc Global Res cut shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 27th. BMO Capital Markets increased their price target on CrowdStrike from $315.00 to $380.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. JMP Securities reaffirmed a “market outperform” rating and set a $400.00 target price on shares of CrowdStrike in a research note on Monday, November 4th. Finally, Evercore ISI increased their price target on CrowdStrike from $325.00 to $400.00 and gave the stock an “outperform” rating in a report on Monday, November 25th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $369.00.

CrowdStrike Stock Performance

Shares of CRWD stock opened at $374.92 on Friday. The firm’s 50 day moving average is $357.88 and its 200 day moving average is $312.43. The stock has a market capitalization of $92.35 billion, a P/E ratio of 735.15, a PEG ratio of 20.07 and a beta of 1.14. CrowdStrike Holdings, Inc. has a 12 month low of $200.81 and a 12 month high of $398.33. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24.

Insiders Place Their Bets

In other CrowdStrike news, CAO Anurag Saha sold 1,863 shares of the firm’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $358.46, for a total value of $667,810.98. Following the completion of the transaction, the chief accounting officer now directly owns 41,059 shares of the company’s stock, valued at $14,718,009.14. This trade represents a 4.34 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $354.91, for a total transaction of $1,419,640.00. Following the completion of the transaction, the insider now directly owns 98,214 shares in the company, valued at approximately $34,857,130.74. The trade was a 3.91 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 110,351 shares of company stock worth $38,935,113 over the last 90 days. Corporate insiders own 4.34% 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.