AIA Group Ltd Takes Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

AIA Group Ltd acquired a new position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 772 shares of the company’s stock, valued at approximately $264,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Empirical Asset Management LLC acquired a new stake in shares of CrowdStrike in the fourth quarter valued at $11,310,000. Arcadia Investment Management Corp MI grew its position in CrowdStrike by 30.8% in the 4th quarter. Arcadia Investment Management Corp MI now owns 11,954 shares of the company’s stock valued at $4,090,000 after acquiring an additional 2,814 shares in the last quarter. Greenleaf Trust increased its stake in CrowdStrike by 53.4% during the fourth quarter. Greenleaf Trust now owns 2,967 shares of the company’s stock worth $1,015,000 after purchasing an additional 1,033 shares during the period. Trifecta Capital Advisors LLC increased its stake in CrowdStrike by 2,140.3% during the fourth quarter. Trifecta Capital Advisors LLC now owns 8,961 shares of the company’s stock worth $3,066,000 after purchasing an additional 8,561 shares during the period. Finally, Fifth Third Bancorp boosted its stake in shares of CrowdStrike by 42.6% in the fourth quarter. Fifth Third Bancorp now owns 44,609 shares of the company’s stock valued at $15,263,000 after purchasing an additional 13,323 shares during the period. Institutional investors and hedge funds own 71.16% of the company’s stock.

CrowdStrike Stock Up 2.8 %

Shares of CrowdStrike stock opened at $362.38 on Wednesday. The company has a market cap of $89.82 billion, a P/E ratio of 710.56, a PEG ratio of 17.86 and a beta of 1.19. The firm has a fifty day moving average of $387.98 and a two-hundred day moving average of $350.89. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. CrowdStrike Holdings, Inc. has a one year low of $200.81 and a one year high of $455.59.

Insider Buying and Selling

In related news, CAO Anurag Saha sold 2,141 shares of the company’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $371.79, for a total transaction of $796,002.39. Following the transaction, the chief accounting officer now owns 34,024 shares of the company’s stock, valued at $12,649,782.96. This represents a 5.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Sameer K. Gandhi sold 6,250 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $345.65, for a total value 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 approximately $280,613,187.30. This trade represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 110,801 shares of company stock valued at $42,092,255 over the last ninety days. Corporate insiders own 4.34% of the company’s stock.

Analyst Ratings Changes

CRWD has been the topic of several recent research reports. UBS Group cut their target price on shares of CrowdStrike from $450.00 to $425.00 and set a “buy” rating on the stock in a research note on Wednesday, March 5th. Guggenheim reiterated a “neutral” rating on shares of CrowdStrike in a research note on Wednesday, March 5th. Jefferies Financial Group lowered their target price on CrowdStrike from $425.00 to $410.00 and set a “buy” rating for the company in a research note on Monday. Susquehanna increased their price target on CrowdStrike from $400.00 to $425.00 and gave the company a “positive” rating in a research report on Wednesday, March 5th. Finally, Raymond James downgraded CrowdStrike from an “outperform” rating to a “cautious” rating in a research report on Monday, March 10th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $400.88.

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.