Fulton Bank N.A. Grows Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Fulton Bank N.A. increased its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 3.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,211 shares of the company’s stock after purchasing an additional 68 shares during the period. Fulton Bank N.A.’s holdings in CrowdStrike were worth $757,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in CRWD. State Street Corp raised its stake in CrowdStrike by 2.9% during the third quarter. State Street Corp now owns 9,630,776 shares of the company’s stock valued at $2,701,144,000 after purchasing an additional 275,717 shares in the last quarter. Jennison Associates LLC raised its position 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 valued at $1,421,646,000 after buying an additional 1,013,161 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of CrowdStrike by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 4,893,457 shares of the company’s stock valued at $1,367,505,000 after acquiring an additional 97,990 shares during the last quarter. Legal & General Group Plc grew its position in CrowdStrike by 3.0% in the second quarter. Legal & General Group Plc now owns 2,049,704 shares of the company’s stock worth $785,425,000 after acquiring an additional 60,607 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in CrowdStrike by 4.4% during the second quarter. Ameriprise Financial Inc. now owns 1,817,387 shares of the company’s stock worth $696,471,000 after acquiring an additional 77,100 shares during the last quarter. 71.16% of the stock is owned by hedge funds and other institutional investors.

CrowdStrike Stock Performance

CRWD opened at $358.72 on Friday. The company has a market cap of $88.36 billion, a P/E ratio of 703.39, a price-to-earnings-growth ratio of 19.48 and a beta of 1.14. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. The firm’s 50-day moving average price is $351.26 and its 200-day moving average price is $314.22. CrowdStrike Holdings, Inc. has a 52-week low of $200.81 and a 52-week high of $398.33.

Insiders Place Their Bets

In other news, Director Sameer K. Gandhi sold 6,250 shares of the business’s stock in a transaction 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 sale, the director now directly owns 811,842 shares of the company’s stock, valued at $280,613,187.30. The trade was a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Anurag Saha sold 1,863 shares of the firm’s 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 transaction, 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 position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 110,351 shares of company stock valued at $38,752,993. Insiders own 4.34% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Wells Fargo & Company lifted their target price on CrowdStrike from $350.00 to $400.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. Barclays boosted their price objective on shares of CrowdStrike from $295.00 to $372.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. JMP Securities reaffirmed a “market outperform” rating and set a $400.00 price target on shares of CrowdStrike in a research note on Monday, November 4th. Robert W. Baird increased their price objective on shares of CrowdStrike from $375.00 to $390.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Finally, KeyCorp boosted their target price on CrowdStrike from $345.00 to $395.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. One analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.