National Pension Service Grows Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

National Pension Service raised its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 40.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 444,026 shares of the company’s stock after buying an additional 127,514 shares during the period. National Pension Service’s holdings in CrowdStrike were worth $151,928,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Empirical Asset Management LLC acquired a new position in CrowdStrike during the fourth quarter valued at approximately $11,310,000. Beacon Financial Advisory LLC acquired a new position in CrowdStrike during the third quarter valued at approximately $955,000. Sumitomo Mitsui Trust Group Inc. lifted its position in CrowdStrike by 10.2% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 846,189 shares of the company’s stock valued at $237,331,000 after buying an additional 78,305 shares in the last quarter. Hemenway Trust Co LLC lifted its position in CrowdStrike by 356.8% during the third quarter. Hemenway Trust Co LLC now owns 6,852 shares of the company’s stock valued at $1,922,000 after buying an additional 5,352 shares in the last quarter. Finally, Arcadia Investment Management Corp MI lifted its position in CrowdStrike by 30.8% during the fourth quarter. Arcadia Investment Management Corp MI now owns 11,954 shares of the company’s stock valued at $4,090,000 after buying an additional 2,814 shares in the last quarter. 71.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CRWD has been the topic of a number of recent research reports. Stifel Nicolaus lifted their price target on shares of CrowdStrike from $400.00 to $475.00 and gave the company a “buy” rating in a research report on Wednesday, February 19th. Barclays boosted their target price on shares of CrowdStrike from $372.00 to $506.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Royal Bank of Canada boosted their target price on shares of CrowdStrike from $365.00 to $420.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Cantor Fitzgerald boosted their target price on shares of CrowdStrike from $350.00 to $370.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. Finally, Susquehanna boosted their target price on shares of CrowdStrike from $310.00 to $400.00 and gave the stock a “positive” rating in a research report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $387.08.

CrowdStrike Stock Up 3.9 %

CrowdStrike stock opened at $394.56 on Thursday. The company has a 50-day simple moving average of $385.81 and a 200-day simple moving average of $333.53. The firm has a market capitalization of $97.18 billion, a P/E ratio of 773.66, a P/E/G ratio of 17.86 and a beta of 1.16. 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 Transactions at CrowdStrike

In other news, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $450.67, for a total transaction of $1,802,680.00. Following the completion of the transaction, the insider now owns 94,214 shares in the company, valued at approximately $42,459,423.38. This represents a 4.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gerhard Watzinger sold 30,000 shares of the company’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $348.93, for a total transaction of $10,467,900.00. Following the transaction, the director now owns 42,391 shares of the company’s stock, valued at $14,791,491.63. This represents a 41.44 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 136,565 shares of company stock worth $51,038,529. Insiders own 4.34% of the company’s stock.

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.