3,248,602 Shares in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Purchased by Norges Bank

Norges Bank acquired a new stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 3,248,602 shares of the company’s stock, valued at approximately $1,111,542,000. Norges Bank owned about 1.32% of CrowdStrike as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Berbice Capital Management LLC acquired a new stake in shares of CrowdStrike during the fourth quarter worth $27,000. FPC Investment Advisory Inc. lifted its stake in shares of CrowdStrike by 811.1% in the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock worth $28,000 after acquiring an additional 73 shares during the period. Fortitude Family Office LLC boosted its holdings in shares of CrowdStrike by 112.8% in the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock valued at $28,000 after acquiring an additional 44 shares in the last quarter. Crowley Wealth Management Inc. acquired a new position in shares of CrowdStrike during the fourth quarter worth about $34,000. Finally, Luken Investment Analytics LLC purchased a new position in CrowdStrike during the fourth quarter worth about $34,000. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on CRWD. BTIG Research upgraded CrowdStrike from a “neutral” rating to a “buy” rating and set a $431.00 target price on the stock in a research report on Tuesday. UBS Group dropped their price objective on CrowdStrike from $450.00 to $425.00 and set a “buy” rating on the stock in a report on Wednesday, March 5th. Wells Fargo & Company raised their target price on CrowdStrike from $400.00 to $430.00 and gave the company an “overweight” rating in a report on Wednesday, March 5th. Rosenblatt Securities reaffirmed a “buy” rating and set a $450.00 price target on shares of CrowdStrike in a research note on Wednesday, March 5th. Finally, Morgan Stanley set a $429.00 price objective on shares of CrowdStrike in a research note on Tuesday, March 18th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $400.26.

Insider Transactions at CrowdStrike

In other news, Director Sameer K. Gandhi sold 6,250 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $345.65, for a total transaction of $2,160,312.50. Following the completion of the transaction, the director now directly owns 811,842 shares in the company, valued at approximately $280,613,187.30. The trade was a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Anurag Saha sold 2,141 shares of the business’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $371.79, for a total value of $796,002.39. Following the transaction, the chief accounting officer now owns 34,024 shares of the company’s stock, valued at $12,649,782.96. This trade represents a 5.92 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 110,801 shares of company stock worth $42,092,255. Insiders own 4.34% of the company’s stock.

CrowdStrike Price Performance

Shares of NASDAQ CRWD opened at $366.56 on Friday. 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 firm has a market capitalization of $90.86 billion, a PE ratio of 718.76, a P/E/G ratio of 17.86 and a beta of 1.19. CrowdStrike Holdings, Inc. has a 1-year low of $200.81 and a 1-year high of $455.59. The business’s fifty day moving average price is $388.15 and its two-hundred day moving average price is $347.35.

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.