Arrowroot Family Office LLC Takes Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Arrowroot Family Office LLC acquired a new position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 853 shares of the company’s stock, valued at approximately $292,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of CrowdStrike by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 21,926,011 shares of the company’s stock worth $7,502,204,000 after acquiring an additional 342,294 shares during the last quarter. Jennison Associates LLC raised its stake in CrowdStrike by 6.9% in the 4th quarter. Jennison Associates LLC now owns 5,420,980 shares of the company’s stock valued at $1,854,843,000 after purchasing an additional 352,180 shares during the last quarter. Geode Capital Management LLC lifted its holdings in CrowdStrike by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 5,018,441 shares of the company’s stock valued at $1,712,063,000 after purchasing an additional 124,984 shares in the last quarter. Norges Bank acquired a new stake in shares of CrowdStrike during the 4th quarter worth about $1,111,542,000. Finally, Northern Trust Corp grew its holdings in shares of CrowdStrike by 16.6% during the fourth quarter. Northern Trust Corp now owns 2,271,722 shares of the company’s stock worth $777,292,000 after buying an additional 324,136 shares in the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Insider Activity

In related news, CAO Anurag Saha sold 1,496 shares of the business’s stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $358.62, for a total transaction of $536,495.52. Following the completion of the sale, the chief accounting officer now owns 36,165 shares of the company’s stock, valued at $12,969,492.30. This represents a 3.97 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO George Kurtz sold 22,449 shares of the firm’s stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $358.68, for a total transaction of $8,052,007.32. Following the completion of the transaction, the chief executive officer now directly owns 2,178,452 shares in the company, valued at $781,367,163.36. This represents a 1.02 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 139,125 shares of company stock worth $53,208,049. 4.34% of the stock is currently owned by insiders.

CrowdStrike Stock Up 2.0 %

NASDAQ:CRWD opened at $440.58 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. The stock has a 50-day simple moving average of $371.78 and a 200 day simple moving average of $365.54. CrowdStrike Holdings, Inc. has a one year low of $200.81 and a one year high of $455.59. The company has a market capitalization of $109.21 billion, a price-to-earnings ratio of 863.90, a price-to-earnings-growth ratio of 17.86 and a beta of 1.28.

Analysts Set New Price Targets

CRWD has been the topic of a number of analyst reports. Baird R W lowered shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 3rd. Wedbush raised their price objective on CrowdStrike from $390.00 to $395.00 and gave the stock an “outperform” rating in a report on Wednesday, March 5th. Rosenblatt Securities reiterated a “buy” rating and issued a $450.00 target price on shares of CrowdStrike in a research note on Wednesday, March 5th. Raymond James lowered CrowdStrike from an “outperform” rating to a “cautious” rating in a research note on Monday, March 10th. Finally, Barclays dropped their price objective on shares of CrowdStrike from $506.00 to $475.00 and set an “overweight” rating for the company in a research note on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, thirty have given a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $400.76.

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.