Allianz SE Invests $2.59 Million in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Allianz SE acquired a new stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 7,405 shares of the company’s stock, valued at approximately $2,587,000.

A number of other institutional investors also recently added to or reduced their stakes in CRWD. Berbice Capital Management LLC purchased a new stake in shares of CrowdStrike in the fourth quarter valued at approximately $27,000. Fortitude Family Office LLC boosted its position in shares of CrowdStrike by 112.8% during the 4th quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock worth $28,000 after purchasing an additional 44 shares in the last quarter. FPC Investment Advisory Inc. boosted its position in shares of CrowdStrike by 811.1% during the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock worth $28,000 after purchasing an additional 73 shares in the last quarter. Luken Investment Analytics LLC acquired a new position in shares of CrowdStrike during the 4th quarter worth $34,000. Finally, Crowley Wealth Management Inc. acquired a new stake in shares of CrowdStrike in the fourth quarter valued at about $34,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

CrowdStrike Price Performance

Shares of NASDAQ:CRWD opened at $357.11 on Friday. The business has a fifty day simple moving average of $388.15 and a 200 day simple moving average of $348.82. 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 Holdings, Inc. has a 1 year low of $200.81 and a 1 year high of $455.59. The firm has a market cap of $88.52 billion, a price-to-earnings ratio of 700.23, a P/E/G ratio of 17.86 and a beta of 1.19.

Insider Transactions at CrowdStrike

In other CrowdStrike news, CEO George Kurtz sold 22,449 shares of the stock in a transaction on Friday, March 21st. The shares were sold at an average price of $358.68, for a total transaction of $8,052,007.32. Following the transaction, the chief executive officer now directly owns 2,178,452 shares of the company’s stock, valued at $781,367,163.36. This represents a 1.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $354.91, for a total value of $1,419,640.00. Following the completion of the sale, the insider now directly owns 98,214 shares of the company’s stock, valued at $34,857,130.74. This represents a 3.91 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 110,801 shares of company stock valued at $42,092,255 in the last three months. Corporate insiders own 4.34% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on CRWD shares. Scotiabank restated a “sector perform” rating on shares of CrowdStrike in a research report on Wednesday, February 5th. Piper Sandler set a $347.00 price objective on CrowdStrike in a research note on Wednesday, March 5th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $440.00 price objective on shares of CrowdStrike in a report on Wednesday, March 5th. UBS Group lowered their target price on CrowdStrike from $450.00 to $425.00 and set a “buy” rating on the stock in a report on Wednesday, March 5th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of CrowdStrike in a research note on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $400.26.

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.