54,993 Shares in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Acquired by Boussard & Gavaudan Investment Management LLP

Boussard & Gavaudan Investment Management LLP purchased a new stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 54,993 shares of the company’s stock, valued at approximately $19,210,000. CrowdStrike comprises about 1.6% of Boussard & Gavaudan Investment Management LLP’s portfolio, making the stock its 19th largest position.

Other hedge funds also recently modified their holdings of the company. Norges Bank bought a new position in CrowdStrike during the 4th quarter worth approximately $1,111,542,000. Raymond James Financial Inc. bought a new position in CrowdStrike during the fourth quarter worth $237,375,000. Amundi lifted its holdings in CrowdStrike by 41.9% in the fourth quarter. Amundi now owns 1,382,952 shares of the company’s stock valued at $496,093,000 after buying an additional 408,190 shares during the period. Jennison Associates LLC boosted its position in CrowdStrike by 6.9% during the fourth quarter. Jennison Associates LLC now owns 5,420,980 shares of the company’s stock valued at $1,854,843,000 after acquiring an additional 352,180 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in CrowdStrike by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 21,926,011 shares of the company’s stock worth $7,502,204,000 after acquiring an additional 342,294 shares during the period. Institutional investors and hedge funds own 71.16% of the company’s stock.

Insider Buying and Selling

In other news, CAO Anurag Saha sold 1,496 shares of the company’s stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $358.62, for a total transaction of $536,495.52. Following the transaction, the chief accounting officer now owns 36,165 shares of the company’s stock, valued at approximately $12,969,492.30. This represents a 3.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Shawn Henry sold 2,547 shares of CrowdStrike stock in a transaction on Monday, March 24th. The stock was sold at an average price of $365.96, for a total value of $932,100.12. Following the sale, the insider now owns 82,071 shares of the company’s stock, valued at approximately $30,034,703.16. This trade represents a 3.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 110,801 shares of company stock worth $42,092,255 over the last three months. 4.34% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on CRWD shares. Royal Bank of Canada reaffirmed an “outperform” rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Bank of America lifted their price objective on shares of CrowdStrike from $400.00 to $420.00 and gave the stock a “buy” rating in a report on Wednesday, February 26th. Scotiabank reiterated a “sector perform” rating on shares of CrowdStrike in a report on Wednesday, February 5th. Mizuho boosted their price target on shares of CrowdStrike from $385.00 to $450.00 and gave the stock an “outperform” rating in a report on Wednesday, February 12th. Finally, Barclays decreased their price objective on shares of CrowdStrike from $506.00 to $475.00 and set an “overweight” rating for the company in a research note on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $400.26.

CrowdStrike Stock Down 1.3 %

NASDAQ CRWD opened at $366.56 on Friday. The stock’s 50 day moving average is $388.15 and its 200 day moving average is $347.35. CrowdStrike Holdings, Inc. has a 12 month low of $200.81 and a 12 month high of $455.59. The stock has a market cap of $90.86 billion, a PE ratio of 718.76, a P/E/G ratio of 17.86 and a beta of 1.19. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24.

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.