CANADA LIFE ASSURANCE Co Raises Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

CANADA LIFE ASSURANCE Co boosted its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 4.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 262,576 shares of the company’s stock after buying an additional 10,194 shares during the quarter. CANADA LIFE ASSURANCE Co owned approximately 0.11% of CrowdStrike worth $89,770,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jacobi Capital Management LLC increased its stake in shares of CrowdStrike by 1.9% in the 4th quarter. Jacobi Capital Management LLC now owns 1,309 shares of the company’s stock valued at $448,000 after purchasing an additional 25 shares in the last quarter. Dorsey & Whitney Trust CO LLC raised its stake in shares of CrowdStrike by 1.4% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 1,974 shares of the company’s stock worth $675,000 after buying an additional 27 shares during the period. Wintrust Investments LLC lifted its position in shares of CrowdStrike by 4.2% during the 4th quarter. Wintrust Investments LLC now owns 719 shares of the company’s stock valued at $246,000 after buying an additional 29 shares in the last quarter. Greenwich Wealth Management LLC lifted its position in shares of CrowdStrike by 4.0% during the 4th quarter. Greenwich Wealth Management LLC now owns 776 shares of the company’s stock valued at $265,000 after buying an additional 30 shares in the last quarter. Finally, Altman Advisors Inc. grew its stake in CrowdStrike by 0.5% in the 4th quarter. Altman Advisors Inc. now owns 6,623 shares of the company’s stock valued at $2,266,000 after acquiring an additional 31 shares during the period. Hedge funds and other institutional investors own 71.16% of the company’s stock.

CrowdStrike Stock Performance

Shares of CrowdStrike stock opened at $375.62 on Friday. The stock has a market capitalization of $93.11 billion, a price-to-earnings ratio of 736.52, a price-to-earnings-growth ratio of 17.86 and a beta of 1.28. CrowdStrike Holdings, Inc. has a 12 month low of $200.81 and a 12 month high of $455.59. 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 business has a 50-day moving average of $376.90 and a 200 day moving average of $357.06.

Insider Buying and Selling

In other news, CAO Anurag Saha sold 1,496 shares of CrowdStrike stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $358.62, for a total value of $536,495.52. Following the completion of the transaction, the chief accounting officer now owns 36,165 shares in the company, valued at approximately $12,969,492.30. This trade represents a 3.97 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Sameer K. Gandhi sold 6,250 shares of the business’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $412.39, for a total value of $2,577,437.50. Following the transaction, the director now directly owns 805,592 shares of the company’s stock, valued at approximately $332,218,084.88. This represents a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 119,401 shares of company stock valued at $45,119,220 in the last ninety days. Company insiders own 4.34% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on CRWD. DA Davidson increased their price objective on shares of CrowdStrike from $395.00 to $415.00 and gave the company a “buy” rating in a report on Wednesday, March 5th. BMO Capital Markets raised their price target on shares of CrowdStrike from $380.00 to $405.00 and gave the company an “outperform” rating in a research note on Wednesday, March 5th. Truist Financial cut their price objective on CrowdStrike from $460.00 to $450.00 and set a “buy” rating for the company in a research note on Monday, March 31st. Canaccord Genuity Group increased their target price on CrowdStrike from $370.00 to $420.00 and gave the company a “buy” rating in a report on Monday, March 3rd. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $450.00 price target 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 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, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $400.53.

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.