UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Raises Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 15.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,815,895 shares of the company’s stock after purchasing an additional 245,455 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in CrowdStrike were worth $621,327,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Berbice Capital Management LLC bought a new stake in shares of CrowdStrike in the fourth quarter worth $27,000. FPC Investment Advisory Inc. grew its holdings in shares of CrowdStrike by 811.1% in the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock worth $28,000 after acquiring an additional 73 shares during the period. Luken Investment Analytics LLC bought a new stake in shares of CrowdStrike in the fourth quarter worth $34,000. Crowley Wealth Management Inc. bought a new stake in shares of CrowdStrike in the fourth quarter worth $34,000. Finally, Millstone Evans Group LLC bought a new stake in shares of CrowdStrike in the fourth quarter worth $34,000. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CFO Burt W. Podbere sold 16,000 shares of the business’s stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $436.88, for a total value of $6,990,080.00. Following the sale, the chief financial officer now directly owns 249,653 shares in the company, valued at approximately $109,068,402.64. The trade was a 6.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gerhard Watzinger sold 10,000 shares of the business’s stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $449.00, for a total value of $4,490,000.00. Following the completion of the sale, the director now owns 49,500 shares in the company, valued at $22,225,500. This represents a 16.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 185,431 shares of company stock worth $74,472,548. Corporate insiders own 3.32% of the company’s stock.

CrowdStrike Price Performance

NASDAQ:CRWD opened at $442.25 on Wednesday. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $109.62 billion, a P/E ratio of 867.17, a P/E/G ratio of 17.86 and a beta of 1.22. CrowdStrike Holdings, Inc. has a 12 month low of $200.81 and a 12 month high of $455.59. The business’s 50-day moving average is $389.98 and its 200 day moving average is $376.71.

Analyst Ratings Changes

Several analysts recently commented on CRWD shares. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $440.00 price objective on shares of CrowdStrike in a report on Wednesday, March 5th. Morgan Stanley boosted their price target on CrowdStrike from $415.00 to $455.00 and gave the company an “overweight” rating in a report on Thursday, May 15th. Stephens started coverage on CrowdStrike in a report on Tuesday, April 1st. They set an “overweight” rating and a $450.00 price target for the company. Bank of America boosted their price target on CrowdStrike from $400.00 to $420.00 and gave the company a “buy” rating in a report on Wednesday, February 26th. Finally, UBS Group cut their price target on CrowdStrike from $450.00 to $425.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, CrowdStrike has a consensus rating of “Moderate Buy” and a consensus target price of $403.56.

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.