Vanguard Group Inc. Has $7.50 Billion Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Vanguard Group Inc. raised its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 1.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 21,926,011 shares of the company’s stock after purchasing an additional 342,294 shares during the quarter. Vanguard Group Inc. owned approximately 8.90% of CrowdStrike worth $7,502,204,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CRWD. Nwam LLC increased its position in CrowdStrike by 32.4% during the 3rd quarter. Nwam LLC now owns 3,253 shares of the company’s stock valued at $912,000 after purchasing an additional 796 shares during the period. Nicolet Advisory Services LLC increased its position in CrowdStrike by 38.4% during the 3rd quarter. Nicolet Advisory Services LLC now owns 1,034 shares of the company’s stock valued at $293,000 after purchasing an additional 287 shares during the period. Great Valley Advisor Group Inc. increased its position in CrowdStrike by 184.1% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 7,091 shares of the company’s stock valued at $1,989,000 after purchasing an additional 4,595 shares during the period. Cerity Partners LLC increased its position in CrowdStrike by 15.6% during the 3rd quarter. Cerity Partners LLC now owns 272,460 shares of the company’s stock valued at $76,417,000 after purchasing an additional 36,767 shares during the period. Finally, Kingsview Wealth Management LLC grew its position in shares of CrowdStrike by 9.2% during the 3rd quarter. Kingsview Wealth Management LLC now owns 8,146 shares of the company’s stock worth $2,285,000 after buying an additional 684 shares during the period. Institutional investors and hedge funds own 71.16% of the company’s stock.

CrowdStrike Trading Down 1.8 %

NASDAQ CRWD opened at $362.24 on Monday. CrowdStrike Holdings, Inc. has a one year low of $200.81 and a one year high of $455.59. The business’s fifty day moving average is $386.53 and its 200-day moving average is $345.25. The stock has a market capitalization of $89.79 billion, a price-to-earnings ratio of 710.29, a PEG 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.

Wall Street Analyst Weigh In

Several analysts have recently commented on CRWD shares. Stifel Nicolaus reduced their price objective on shares of CrowdStrike from $475.00 to $435.00 and set a “buy” rating for the company in a research report on Wednesday, March 5th. HSBC downgraded shares of CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 price objective for the company. in a research report on Wednesday, November 27th. Scotiabank reaffirmed a “sector perform” rating on shares of CrowdStrike in a research report on Wednesday, February 5th. Evercore ISI raised their price objective on shares of CrowdStrike from $400.00 to $450.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 5th. Finally, Westpark Capital reaffirmed a “hold” rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, CrowdStrike has an average rating of “Moderate Buy” and a consensus price target of $399.51.

Insider Activity at CrowdStrike

In related news, CAO Anurag Saha sold 2,858 shares of the business’s stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $364.29, for a total value of $1,041,140.82. Following the sale, the chief accounting officer now directly owns 38,201 shares in the company, valued at approximately $13,916,242.29. The trade was a 6.96 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Shawn Henry sold 4,500 shares of the business’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $353.00, for a total value of $1,588,500.00. Following the completion of the sale, the insider now owns 89,714 shares in the company, valued at $31,669,042. This represents a 4.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 52,858 shares of company stock worth $21,288,706. Company 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.