Huntington National Bank Grows Stock Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Huntington National Bank lifted its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 14.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 95,443 shares of the company’s stock after acquiring an additional 12,148 shares during the period. Huntington National Bank’s holdings in CrowdStrike were worth $32,657,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Private Portfolio Partners LLC increased its holdings in CrowdStrike by 30.0% during the 4th quarter. Private Portfolio Partners LLC now owns 1,075 shares of the company’s stock worth $368,000 after purchasing an additional 248 shares during the last quarter. RFG Bristol Wealth Advisors LLC acquired a new position in CrowdStrike during the 4th quarter valued at about $766,000. Meeder Advisory Services Inc. lifted its holdings in shares of CrowdStrike by 5.8% in the fourth quarter. Meeder Advisory Services Inc. now owns 6,170 shares of the company’s stock valued at $2,111,000 after buying an additional 336 shares during the period. Discovery Capital Management LLC CT lifted its position in shares of CrowdStrike by 6.0% during the 4th quarter. Discovery Capital Management LLC CT now owns 35,300 shares of the company’s stock valued at $12,078,000 after acquiring an additional 2,000 shares during the last quarter. Finally, OV Management LLC increased its position in shares of CrowdStrike by 6.0% in the fourth quarter. OV Management LLC now owns 2,810 shares of the company’s stock worth $961,000 after acquiring an additional 159 shares in the last quarter. Institutional investors and hedge funds own 71.16% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Scotiabank reissued a “sector perform” rating on shares of CrowdStrike in a research note on Wednesday, February 5th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of CrowdStrike in a report on Wednesday, March 5th. Raymond James cut shares of CrowdStrike from an “outperform” rating to a “cautious” rating in a research note on Monday, March 10th. Stephens began coverage on CrowdStrike in a research note on Tuesday. They set an “overweight” rating and a $450.00 price objective for the company. Finally, Bank of America boosted their price objective on CrowdStrike from $400.00 to $420.00 and gave the company a “buy” rating in a research report on Wednesday, February 26th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirty have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $400.88.

Insider Transactions at CrowdStrike

In related news, Director Sameer K. Gandhi sold 6,250 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $345.65, for a total value of $2,160,312.50. Following the sale, the director now owns 811,842 shares in the company, valued at approximately $280,613,187.30. The trade was a 0.76 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Anurag Saha sold 1,496 shares of the stock in a transaction on Friday, March 21st. The shares were sold at an average price of $358.62, for a total value of $536,495.52. Following the completion of the sale, the chief accounting officer now owns 36,165 shares in the company, valued at approximately $12,969,492.30. The trade was a 3.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 110,801 shares of company stock worth $42,092,255 in the last ninety days. Insiders own 4.34% of the company’s stock.

CrowdStrike Trading Up 2.8 %

Shares of NASDAQ:CRWD opened at $362.38 on Wednesday. CrowdStrike Holdings, Inc. has a 1 year low of $200.81 and a 1 year high of $455.59. The business’s 50 day moving average price is $387.98 and its 200-day moving average price is $350.89. 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 has a market capitalization of $89.82 billion, a price-to-earnings ratio of 710.56, a price-to-earnings-growth ratio of 17.86 and a beta of 1.19.

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.