LGT Group Foundation Purchases 1,559 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

LGT Group Foundation grew its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 4.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,042 shares of the company’s stock after buying an additional 1,559 shares during the quarter. LGT Group Foundation’s holdings in CrowdStrike were worth $13,701,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. SBI Securities Co. Ltd. bought a new position in shares of CrowdStrike during the 4th quarter valued at $11,342,000. Jones Financial Companies Lllp raised its holdings in CrowdStrike by 14.5% in the 4th quarter. Jones Financial Companies Lllp now owns 52,221 shares of the company’s stock worth $17,868,000 after purchasing an additional 6,596 shares during the period. SRS Capital Advisors Inc. raised its holdings in CrowdStrike by 41.7% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,118 shares of the company’s stock worth $382,000 after purchasing an additional 329 shares during the period. Halbert Hargrove Global Advisors LLC bought a new position in CrowdStrike in the 4th quarter worth $42,000. Finally, Bailard Inc. raised its holdings in CrowdStrike by 23.1% in the 4th quarter. Bailard Inc. now owns 23,187 shares of the company’s stock worth $7,934,000 after purchasing an additional 4,350 shares during the period. 71.16% of the stock is owned by institutional investors.

CrowdStrike Stock Up 2.5 %

Shares of NASDAQ CRWD opened at $389.66 on Monday. 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 company has a market cap of $95.98 billion, a P/E ratio of 764.05, a PEG ratio of 17.86 and a beta of 1.16. CrowdStrike Holdings, Inc. has a 1 year low of $200.81 and a 1 year high of $455.59. The firm has a 50-day simple moving average of $386.94 and a two-hundred day simple moving average of $336.06.

Insiders Place Their Bets

In other CrowdStrike news, CAO Anurag Saha sold 1,863 shares of the firm’s stock in a transaction dated Monday, December 23rd. The shares were 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. This trade represents 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 this hyperlink. Also, Director Sameer K. Gandhi sold 6,250 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $349.34, for a total transaction of $2,183,375.00. Following the completion of the sale, the director now directly owns 809,266 shares of the company’s stock, valued at approximately $282,708,984.44. The trade was a 0.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 106,565 shares of company stock valued at $40,570,629 over the last 90 days. Insiders own 4.34% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Royal Bank of Canada raised their target price on CrowdStrike from $365.00 to $420.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Stifel Nicolaus raised their target price on CrowdStrike from $400.00 to $475.00 and gave the stock a “buy” rating in a report on Wednesday, February 19th. Truist Financial raised their target price on CrowdStrike from $385.00 to $460.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. HSBC cut CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 target price on the stock. in a report on Wednesday, November 27th. Finally, BMO Capital Markets increased their price target on CrowdStrike from $315.00 to $380.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $389.50.

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.