CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Bought by CIBC Asset Management Inc

CIBC Asset Management Inc grew its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 4.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 74,787 shares of the company’s stock after acquiring an additional 2,945 shares during the quarter. CIBC Asset Management Inc’s holdings in CrowdStrike were worth $25,589,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Pittenger & Anderson Inc. lifted its holdings in CrowdStrike by 35.4% in the fourth quarter. Pittenger & Anderson Inc. now owns 10,196 shares of the company’s stock valued at $3,489,000 after acquiring an additional 2,663 shares during the last quarter. Sanctuary Advisors LLC raised its position in CrowdStrike by 21.7% in the fourth quarter. Sanctuary Advisors LLC now owns 62,087 shares of the company’s stock valued at $21,244,000 after purchasing an additional 11,083 shares during the period. KLCM Advisors Inc. boosted its position in shares of CrowdStrike by 37.5% during the fourth quarter. KLCM Advisors Inc. now owns 3,720 shares of the company’s stock worth $1,273,000 after buying an additional 1,015 shares during the period. Principal Financial Group Inc. grew its stake in shares of CrowdStrike by 1.0% in the fourth quarter. Principal Financial Group Inc. now owns 272,080 shares of the company’s stock valued at $93,095,000 after buying an additional 2,603 shares in the last quarter. Finally, Americana Partners LLC raised its holdings in shares of CrowdStrike by 317.6% in the 4th quarter. Americana Partners LLC now owns 4,811 shares of the company’s stock valued at $1,646,000 after buying an additional 3,659 shares during the period. 71.16% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CRWD. Truist Financial upped their target price on shares of CrowdStrike from $385.00 to $460.00 and gave the stock a “buy” rating in a research note on Wednesday, February 12th. JPMorgan Chase & Co. raised their target price on shares of CrowdStrike from $372.00 to $418.00 and gave the company an “overweight” rating in a report on Monday, December 16th. Oppenheimer increased their price objective on shares of CrowdStrike from $365.00 to $410.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Evercore ISI upped their price objective on CrowdStrike from $325.00 to $400.00 and gave the stock an “outperform” rating in a research report on Monday, November 25th. Finally, BMO Capital Markets boosted their target price on CrowdStrike from $315.00 to $380.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, CrowdStrike presently has an average rating of “Moderate Buy” and a consensus price target of $376.00.

CrowdStrike Price Performance

CRWD stock opened at $451.74 on Tuesday. The firm has a 50 day moving average of $376.70 and a 200-day moving average of $323.50. The company has a market cap of $111.27 billion, a price-to-earnings ratio of 885.78, a PEG ratio of 17.22 and a beta of 1.16. CrowdStrike Holdings, Inc. has a 12-month low of $200.81 and a 12-month high of $454.13. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24.

Insider Buying and Selling at CrowdStrike

In other news, CAO Anurag Saha sold 1,863 shares of CrowdStrike stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $358.46, for a total value of $667,810.98. Following the completion of the sale, the chief accounting officer now owns 41,059 shares of the company’s stock, valued at $14,718,009.14. The trade was a 4.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Sameer K. Gandhi sold 17,120 shares of the stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $428.13, for a total transaction of $7,329,585.60. Following the transaction, the director now owns 780,592 shares in the company, valued at approximately $334,194,852.96. The trade was a 2.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 132,565 shares of company stock valued at $49,235,849. Insiders own 4.34% of the company’s stock.

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.