Titleist Asset Management LLC Raises Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Titleist Asset Management LLC boosted its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 7.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,651 shares of the company’s stock after acquiring an additional 456 shares during the quarter. Titleist Asset Management LLC’s holdings in CrowdStrike were worth $2,276,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of CRWD. Royal London Asset Management Ltd. increased its stake in shares of CrowdStrike by 5.3% in the 3rd quarter. Royal London Asset Management Ltd. now owns 91,284 shares of the company’s stock valued at $25,602,000 after purchasing an additional 4,632 shares in the last quarter. Quantinno Capital Management LP grew its holdings in CrowdStrike by 86.8% in the third quarter. Quantinno Capital Management LP now owns 21,153 shares of the company’s stock valued at $5,933,000 after purchasing an additional 9,832 shares during the period. Kovitz Investment Group Partners LLC increased its position in shares of CrowdStrike by 216.5% in the third quarter. Kovitz Investment Group Partners LLC now owns 3,905 shares of the company’s stock valued at $1,095,000 after buying an additional 2,671 shares in the last quarter. Insigneo Advisory Services LLC raised its stake in shares of CrowdStrike by 0.8% during the 3rd quarter. Insigneo Advisory Services LLC now owns 5,436 shares of the company’s stock worth $1,525,000 after buying an additional 45 shares during the period. Finally, iA Global Asset Management Inc. lifted its position in shares of CrowdStrike by 4.7% during the 3rd quarter. iA Global Asset Management Inc. now owns 23,722 shares of the company’s stock valued at $6,653,000 after buying an additional 1,062 shares in the last quarter. 71.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CRWD has been the subject of a number of research analyst reports. Westpark Capital restated a “hold” rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Bank of America upped their price target on shares of CrowdStrike from $400.00 to $420.00 and gave the stock a “buy” rating in a research report on Wednesday, February 26th. Jefferies Financial Group cut their price objective on CrowdStrike from $425.00 to $410.00 and set a “buy” rating for the company in a research note on Monday, March 31st. Evercore ISI raised their target price on CrowdStrike from $400.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday, March 5th. Finally, BMO Capital Markets boosted their price target on CrowdStrike from $380.00 to $405.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 5th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirty have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, CrowdStrike presently has a consensus rating of “Moderate Buy” and a consensus price target of $400.88.

Insiders Place Their Bets

In related news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $354.91, for a total value of $1,419,640.00. Following the completion of the transaction, the insider now owns 98,214 shares in the company, valued at $34,857,130.74. The trade was a 3.91 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gerhard Watzinger sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $359.57, for a total transaction of $3,595,700.00. Following the transaction, the director now owns 62,891 shares of the company’s stock, valued at $22,613,716.87. This trade represents a 13.72 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 114,551 shares of company stock worth $43,527,642 over the last 90 days. Corporate insiders own 4.34% of the company’s stock.

CrowdStrike Stock Down 7.4 %

Shares of CRWD opened at $321.63 on Friday. The company’s 50-day simple moving average is $386.18 and its 200-day simple moving average is $351.96. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. CrowdStrike Holdings, Inc. has a 1 year low of $200.81 and a 1 year high of $455.59. The stock has a market capitalization of $79.72 billion, a PE ratio of 630.66, a P/E/G ratio of 17.86 and a beta of 1.28.

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.