Czech National Bank boosted its position in CrowdStrike (NASDAQ:CRWD – Free Report) by 4.0% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 63,304 shares of the company’s stock after purchasing an additional 2,422 shares during the period. Czech National Bank’s holdings in CrowdStrike were worth $31,043,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of CrowdStrike by 2.6% in the second quarter. Vanguard Group Inc. now owns 23,430,572 shares of the company’s stock valued at $11,933,425,000 after acquiring an additional 596,007 shares in the last quarter. State Street Corp lifted its holdings in CrowdStrike by 3.6% during the second quarter. State Street Corp now owns 10,804,651 shares of the company’s stock worth $5,502,917,000 after acquiring an additional 370,965 shares during the period. Geode Capital Management LLC boosted its position in CrowdStrike by 5.0% in the second quarter. Geode Capital Management LLC now owns 5,728,167 shares of the company’s stock worth $2,903,752,000 after purchasing an additional 273,922 shares during the last quarter. Laurel Wealth Advisors LLC grew its stake in CrowdStrike by 54,635.9% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 4,293,484 shares of the company’s stock valued at $2,186,714,000 after purchasing an additional 4,285,640 shares during the period. Finally, Norges Bank purchased a new stake in shares of CrowdStrike during the 2nd quarter valued at $1,638,365,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.
CrowdStrike Stock Down 3.8%
CRWD opened at $470.02 on Thursday. CrowdStrike has a 12 month low of $298.00 and a 12 month high of $566.90. The company has a market cap of $118.49 billion, a PE ratio of -373.03, a price-to-earnings-growth ratio of 118.25 and a beta of 1.09. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.18. The company has a 50 day moving average of $516.31 and a 200 day moving average of $482.30.
Insiders Place Their Bets
In other news, President Michael Sentonas sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $500.00, for a total value of $10,000,000.00. Following the completion of the transaction, the president directly owned 379,116 shares in the company, valued at approximately $189,558,000. This trade represents a 5.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Denis Oleary sold 7,750 shares of the business’s stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $515.44, for a total transaction of $3,994,660.00. Following the transaction, the director directly owned 10,816 shares of the company’s stock, valued at approximately $5,574,999.04. This represents a 41.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 120,595 shares of company stock worth $61,294,989 over the last quarter. Insiders own 3.32% of the company’s stock.
Analysts Set New Price Targets
A number of equities analysts recently weighed in on CRWD shares. New Street Research set a $460.00 price target on shares of CrowdStrike in a report on Thursday, August 28th. Roth Capital reaffirmed a “buy” rating and issued a $510.00 price objective (up previously from $410.00) on shares of CrowdStrike in a research report on Thursday, September 18th. Scotiabank reissued an “outperform” rating on shares of CrowdStrike in a research report on Wednesday, December 3rd. Oppenheimer raised their price target on shares of CrowdStrike from $560.00 to $580.00 and gave the stock an “outperform” rating in a research note on Friday, November 21st. Finally, Westpark Capital reiterated a “hold” rating on shares of CrowdStrike in a research note on Wednesday, October 15th. One investment analyst has rated the stock with a Strong Buy rating, thirty-two have given a Buy rating, seventeen have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $554.65.
Get Our Latest Report on CrowdStrike
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.
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