CWA Asset Management Group LLC Raises Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

CWA Asset Management Group LLC boosted its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 8.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,437 shares of the company’s stock after purchasing an additional 190 shares during the quarter. CWA Asset Management Group LLC’s holdings in CrowdStrike were worth $834,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Jennison Associates LLC lifted its holdings in shares of CrowdStrike by 25.0% during the 3rd quarter. Jennison Associates LLC now owns 5,068,800 shares of the company’s stock worth $1,421,646,000 after acquiring an additional 1,013,161 shares during the period. International Assets Investment Management LLC raised its stake in CrowdStrike by 17,926.3% during the third quarter. International Assets Investment Management LLC now owns 925,831 shares of the company’s stock worth $259,668,000 after purchasing an additional 920,695 shares during the period. Daiwa Securities Group Inc. boosted its holdings in shares of CrowdStrike by 1,655.9% in the 3rd quarter. Daiwa Securities Group Inc. now owns 755,951 shares of the company’s stock valued at $212,021,000 after purchasing an additional 712,900 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in shares of CrowdStrike by 248.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 521,198 shares of the company’s stock valued at $146,180,000 after buying an additional 371,695 shares during the period. Finally, State Street Corp increased its holdings in shares of CrowdStrike by 2.9% during the 3rd quarter. State Street Corp now owns 9,630,776 shares of the company’s stock worth $2,701,144,000 after buying an additional 275,717 shares during the last quarter. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at CrowdStrike

In related news, Director Sameer K. Gandhi sold 6,250 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $345.65, for a total transaction of $2,160,312.50. Following the transaction, the director now owns 811,842 shares in the company, valued at $280,613,187.30. This trade represents a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Anurag Saha sold 1,863 shares of the company’s stock in a transaction that occurred 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. This trade represents a 4.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 116,601 shares of company stock valued at $40,755,368. 4.34% of the stock is currently owned by corporate insiders.

CrowdStrike Stock Down 1.8 %

CRWD opened at $359.93 on Wednesday. The stock’s 50 day moving average price is $349.00 and its 200 day moving average price is $313.59. 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 stock has a market cap of $88.65 billion, a P/E ratio of 705.76, a P/E/G ratio of 19.48 and a beta of 1.14. CrowdStrike Holdings, Inc. has a 12 month low of $200.81 and a 12 month high of $398.33.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on CRWD shares. JPMorgan Chase & Co. boosted their price target on CrowdStrike from $372.00 to $418.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. Piper Sandler increased their target price on shares of CrowdStrike from $290.00 to $375.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. Robert W. Baird lifted their price target on shares of CrowdStrike from $375.00 to $390.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Jefferies Financial Group increased their price objective on shares of CrowdStrike from $415.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Finally, Truist Financial lifted their target price on shares of CrowdStrike from $375.00 to $385.00 and gave the company a “buy” rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, CrowdStrike presently has an average rating of “Moderate Buy” and a consensus price target of $365.88.

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.