Natixis Advisors LLC Buys 7,706 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Natixis Advisors LLC raised its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 19.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 47,504 shares of the company’s stock after acquiring an additional 7,706 shares during the period. Natixis Advisors LLC’s holdings in CrowdStrike were worth $16,254,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of CRWD. 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. Daiwa Securities Group Inc. lifted its holdings in shares of CrowdStrike by 1,655.9% during the 3rd quarter. Daiwa Securities Group Inc. now owns 755,951 shares of the company’s stock worth $212,021,000 after acquiring an additional 712,900 shares during the period. Raymond James Financial Inc. bought a new position in shares of CrowdStrike during the 4th quarter worth about $237,375,000. Amundi lifted its holdings in shares of CrowdStrike by 41.9% during the 4th quarter. Amundi now owns 1,382,952 shares of the company’s stock worth $496,093,000 after acquiring an additional 408,190 shares during the period. Finally, State Street Corp lifted 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 acquiring an additional 275,717 shares during the period. 71.16% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on CRWD shares. Wedbush raised their price objective on shares of CrowdStrike from $390.00 to $395.00 and gave the stock an “outperform” rating in a report on Wednesday, March 5th. Hsbc Global Res downgraded shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 27th. Wells Fargo & Company raised their price objective on shares of CrowdStrike from $400.00 to $430.00 and gave the stock an “overweight” rating in a report on Wednesday, March 5th. Rosenblatt Securities reissued a “buy” rating and set a $450.00 price target on shares of CrowdStrike in a report on Wednesday, March 5th. Finally, Morgan Stanley began coverage on shares of CrowdStrike in a research report on Tuesday. They issued an “overweight” rating on the stock. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $398.78.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, CFO Burt W. Podbere sold 11,217 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $358.14, for a total value of $4,017,256.38. Following the completion of the sale, the chief financial officer now owns 290,711 shares of the company’s stock, valued at approximately $104,115,237.54. This represents a 3.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Sameer K. Gandhi sold 6,250 shares of the company’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 completion of 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 100,315 shares of company stock valued at $38,319,124. Corporate insiders own 4.34% of the company’s stock.

CrowdStrike Stock Down 0.5 %

Shares of NASDAQ:CRWD opened at $363.15 on Wednesday. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week high of $455.59. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. The company has a market capitalization of $89.45 billion, a PE ratio of 712.07, a PEG ratio of 17.86 and a beta of 1.19. The company has a 50 day moving average price of $385.73 and a two-hundred day moving average price of $343.12.

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.