Zevenbergen Capital Investments LLC Boosts Stock Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Zevenbergen Capital Investments LLC lifted its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 2.7% during the 4th quarter, HoldingsChannel reports. The firm owned 296,342 shares of the company’s stock after buying an additional 7,722 shares during the period. CrowdStrike comprises about 2.1% of Zevenbergen Capital Investments LLC’s investment portfolio, making the stock its 15th biggest position. Zevenbergen Capital Investments LLC’s holdings in CrowdStrike were worth $101,396,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Berbice Capital Management LLC purchased a new position in shares of CrowdStrike during the fourth quarter valued at approximately $27,000. Fortitude Family Office LLC increased its holdings in shares of CrowdStrike by 112.8% in the 4th quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock worth $28,000 after buying an additional 44 shares during the last quarter. FPC Investment Advisory Inc. grew its holdings in CrowdStrike by 811.1% during the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock valued at $28,000 after purchasing an additional 73 shares during the last quarter. Luken Investment Analytics LLC bought a new position in CrowdStrike in the 4th quarter worth about $34,000. Finally, Crowley Wealth Management Inc. purchased a new stake in shares of CrowdStrike in the 4th quarter worth approximately $34,000. Institutional investors own 71.16% of the company’s stock.

CrowdStrike Stock Performance

Shares of CrowdStrike stock opened at $362.24 on Monday. CrowdStrike Holdings, Inc. has a 1 year low of $200.81 and a 1 year high of $455.59. The stock has a market cap of $89.79 billion, a price-to-earnings ratio of 710.29, a PEG ratio of 17.86 and a beta of 1.19. 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 firm’s 50-day moving average is $386.53 and its 200 day moving average is $345.25.

Insider Activity at CrowdStrike

In other news, insider Shawn Henry sold 4,000 shares of the stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $354.91, for a total transaction of $1,419,640.00. Following the transaction, the insider now owns 98,214 shares in the company, valued at $34,857,130.74. This trade represents a 3.91 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Anurag Saha sold 2,858 shares of the firm’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $364.29, for a total value of $1,041,140.82. Following the completion of the sale, the chief accounting officer now directly owns 38,201 shares of the company’s stock, valued at $13,916,242.29. This trade represents a 6.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 52,858 shares of company stock worth $21,288,706. Company insiders own 4.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. UBS Group cut their price objective on shares of CrowdStrike from $450.00 to $425.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. Robert W. Baird dropped their price objective on shares of CrowdStrike from $440.00 to $405.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 5th. Oppenheimer increased their price target on shares of CrowdStrike from $365.00 to $410.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Baird R W downgraded shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a report on Monday, February 3rd. Finally, KeyCorp cut their price objective on shares of CrowdStrike from $480.00 to $450.00 and set an “overweight” rating for the company in a research report on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $399.51.

CrowdStrike Company 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.