Fiduciary Trust Co Boosts Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Fiduciary Trust Co raised its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 2.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,960 shares of the company’s stock after buying an additional 166 shares during the period. Fiduciary Trust Co’s holdings in CrowdStrike were worth $2,724,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Fred Alger Management LLC increased its stake in shares of CrowdStrike by 23.2% in the 4th quarter. Fred Alger Management LLC now owns 95,672 shares of the company’s stock worth $32,735,000 after purchasing an additional 18,027 shares in the last quarter. Family Management Corp lifted its position in CrowdStrike by 4.2% during the fourth quarter. Family Management Corp now owns 1,239 shares of the company’s stock valued at $424,000 after purchasing an additional 50 shares in the last quarter. Circle Wealth Management LLC grew its holdings in CrowdStrike by 5.6% during the fourth quarter. Circle Wealth Management LLC now owns 13,909 shares of the company’s stock valued at $4,759,000 after purchasing an additional 738 shares during the period. Deutsche Bank AG increased its position in CrowdStrike by 24.3% in the fourth quarter. Deutsche Bank AG now owns 892,603 shares of the company’s stock worth $305,413,000 after buying an additional 174,699 shares in the last quarter. Finally, Diligent Investors LLC raised its stake in shares of CrowdStrike by 3.6% in the fourth quarter. Diligent Investors LLC now owns 1,450 shares of the company’s stock worth $496,000 after buying an additional 50 shares during the period. Hedge funds and other institutional investors own 71.16% of the company’s stock.

CrowdStrike Stock Performance

CrowdStrike stock opened at $410.73 on Friday. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $455.59. The company has a market capitalization of $101.81 billion, a PE ratio of 805.37, a P/E/G ratio of 17.86 and a beta of 1.22. The company has a 50 day moving average price of $376.01 and a 200-day moving average price of $369.70. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Jefferies Financial Group reissued a “buy” rating on shares of CrowdStrike in a report on Wednesday. Baird R W cut shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 3rd. Morgan Stanley decreased their price objective on shares of CrowdStrike from $429.00 to $415.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $440.00 target price on shares of CrowdStrike in a report on Wednesday, March 5th. Finally, Piper Sandler set a $347.00 price target on CrowdStrike in a report on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirty have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, CrowdStrike currently has a consensus rating of “Moderate Buy” and a consensus target price of $403.20.

Insiders Place Their Bets

In related news, Director Sameer K. Gandhi sold 17,120 shares of CrowdStrike stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $428.13, for a total value of $7,329,585.60. Following the completion of the sale, the director now directly owns 780,592 shares in the company, valued at $334,194,852.96. The trade was a 2.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Anurag Saha sold 1,496 shares of the stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $358.62, for a total transaction of $536,495.52. Following the transaction, the chief accounting officer now owns 36,165 shares in the company, valued at approximately $12,969,492.30. The trade was a 3.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 206,551 shares of company stock worth $83,604,814. 4.34% of the stock is currently owned by company insiders.

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.