CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Stake Boosted by Darden Wealth Group Inc

Darden Wealth Group Inc boosted its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 32.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 8,398 shares of the company’s stock after buying an additional 2,040 shares during the period. CrowdStrike comprises about 1.9% of Darden Wealth Group Inc’s portfolio, making the stock its 9th biggest holding. Darden Wealth Group Inc’s holdings in CrowdStrike were worth $2,873,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. Royal London Asset Management Ltd. boosted its holdings in shares of CrowdStrike by 5.3% during the 3rd quarter. Royal London Asset Management Ltd. now owns 91,284 shares of the company’s stock worth $25,602,000 after buying an additional 4,632 shares during the period. Quantinno Capital Management LP boosted its holdings in CrowdStrike by 86.8% during the third quarter. Quantinno Capital Management LP now owns 21,153 shares of the company’s stock valued at $5,933,000 after acquiring an additional 9,832 shares during the period. Kovitz Investment Group Partners LLC grew its position in shares of CrowdStrike by 216.5% in the third quarter. Kovitz Investment Group Partners LLC now owns 3,905 shares of the company’s stock valued at $1,095,000 after purchasing an additional 2,671 shares during the last quarter. Insigneo Advisory Services LLC grew its position in shares of CrowdStrike by 0.8% in the third quarter. Insigneo Advisory Services LLC now owns 5,436 shares of the company’s stock valued at $1,525,000 after purchasing an additional 45 shares during the last quarter. Finally, iA Global Asset Management Inc. lifted its position in shares of CrowdStrike by 4.7% during the 3rd quarter. iA Global Asset Management Inc. now owns 23,722 shares of the company’s stock worth $6,653,000 after purchasing an additional 1,062 shares during the last quarter. 71.16% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $354.91, for a total transaction of $1,419,640.00. Following the completion of the sale, the insider now owns 98,214 shares of the company’s stock, valued at $34,857,130.74. This represents a 3.91 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Gerhard Watzinger sold 10,000 shares of the company’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $359.57, for a total value of $3,595,700.00. Following the completion of the sale, the director now owns 62,891 shares of the company’s stock, valued at approximately $22,613,716.87. The trade was a 13.72 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 114,551 shares of company stock worth $43,527,642 in the last quarter. Corporate insiders own 4.34% of the company’s stock.

CrowdStrike Price Performance

Shares of NASDAQ CRWD opened at $321.63 on Friday. The stock has a market capitalization of $79.72 billion, a P/E ratio of 630.66, a P/E/G ratio of 17.86 and a beta of 1.28. The company’s 50-day moving average is $386.18 and its 200 day moving average is $351.96. CrowdStrike Holdings, Inc. has a 1 year low of $200.81 and a 1 year high of $455.59. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86.

Analyst Upgrades and Downgrades

Several brokerages have commented on CRWD. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $440.00 price target on shares of CrowdStrike in a research report on Wednesday, March 5th. Stephens started coverage on shares of CrowdStrike in a research report on Tuesday, April 1st. They set an “overweight” rating and a $450.00 target price on the stock. Citigroup reissued a “buy” rating on shares of CrowdStrike in a report on Wednesday, February 5th. Piper Sandler set a $347.00 price objective on shares of CrowdStrike in a research report on Wednesday, March 5th. Finally, KeyCorp decreased their target price on CrowdStrike from $480.00 to $450.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, CrowdStrike currently has an average rating of “Moderate Buy” and an average price target of $400.88.

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.