Rakuten Investment Management Inc. acquired a new stake in CrowdStrike (NASDAQ:CRWD – Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 90,082 shares of the company’s stock, valued at approximately $44,174,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Asset Planning Inc purchased a new position in shares of CrowdStrike during the 3rd quarter valued at $25,000. AlphaQuest LLC purchased a new stake in CrowdStrike in the 2nd quarter worth about $26,000. Howard Hughes Medical Institute bought a new stake in CrowdStrike in the 2nd quarter valued at about $27,000. Pinnacle Bancorp Inc. bought a new stake in CrowdStrike in the 3rd quarter valued at about $27,000. Finally, Financial Gravity Companies Inc. purchased a new stake in CrowdStrike during the second quarter valued at about $33,000. 71.16% of the stock is owned by institutional investors.
CrowdStrike Price Performance
NASDAQ:CRWD opened at $442.73 on Wednesday. CrowdStrike has a 52-week low of $298.00 and a 52-week high of $566.90. The stock has a fifty day moving average of $490.37 and a 200 day moving average of $479.20. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.81 and a current ratio of 1.81. The firm has a market capitalization of $111.61 billion, a price-to-earnings ratio of -351.37, a P/E/G ratio of 110.19 and a beta of 1.03.
Insiders Place Their Bets
In other CrowdStrike news, CFO Burt W. Podbere sold 10,516 shares of the business’s stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $483.33, for a total value of $5,082,698.28. Following the completion of the transaction, the chief financial officer owned 179,114 shares of the company’s stock, valued at $86,571,169.62. The trade was a 5.55% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO George Kurtz sold 17,550 shares of the stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $481.38, for a total transaction of $8,448,219.00. Following the completion of the transaction, the chief executive officer directly owned 2,090,532 shares in the company, valued at $1,006,340,294.16. The trade was a 0.83% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 74,048 shares of company stock valued at $37,153,707 over the last three months. Corporate insiders own 3.32% of the company’s stock.
Analysts Set New Price Targets
Several research firms have recently weighed in on CRWD. Rosenblatt Securities reiterated a “buy” rating and issued a $630.00 target price on shares of CrowdStrike in a research note on Wednesday, December 3rd. Canaccord Genuity Group raised their price objective on shares of CrowdStrike from $500.00 to $515.00 and gave the stock a “hold” rating in a report on Wednesday, December 3rd. Capital One Financial reduced their price objective on shares of CrowdStrike from $600.00 to $590.00 and set an “overweight” rating for the company in a research note on Wednesday, January 14th. Barclays increased their target price on CrowdStrike from $515.00 to $610.00 and gave the stock an “overweight” rating in a research report on Friday, November 14th. Finally, BNP Paribas Exane raised their price target on CrowdStrike from $350.00 to $450.00 and gave the stock a “neutral” rating in a report on Wednesday, December 3rd. Thirty-two research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, CrowdStrike presently has a consensus rating of “Moderate Buy” and a consensus target price of $555.21.
View Our Latest Analysis on CrowdStrike
CrowdStrike Company Profile
CrowdStrike Holdings, Inc (NASDAQ: CRWD) is a cybersecurity company founded in 2011 and headquartered in Sunnyvale, California. The firm was co-founded by George Kurtz and Dmitri Alperovitch and became a publicly traded company following its initial public offering in 2019. CrowdStrike positions itself as a provider of cloud-native security solutions designed to protect endpoints, cloud workloads, identities and data against sophisticated cyber threats.
The company’s core offering is the CrowdStrike Falcon platform, a modular, cloud-delivered security architecture that combines endpoint protection (EPP), endpoint detection and response (EDR), threat intelligence, and device control through lightweight agents and centralized telemetry.
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