Stevens Capital Management LP acquired a new position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 6,457 shares of the company's stock, valued at approximately $1,811,000.
A number of other institutional investors have also recently added to or reduced their stakes in CRWD. Jennison Associates LLC raised its stake in CrowdStrike by 25.0% during the 3rd quarter. Jennison Associates LLC now owns 5,068,800 shares of the company's stock valued at $1,421,646,000 after purchasing an additional 1,013,161 shares during the period. International Assets Investment Management LLC raised its stake in CrowdStrike by 17,926.3% during the 3rd quarter. International Assets Investment Management LLC now owns 925,831 shares of the company's stock valued at $259,668,000 after purchasing an additional 920,695 shares during the period. Daiwa Securities Group Inc. raised its stake in CrowdStrike by 1,655.9% during the 3rd quarter. Daiwa Securities Group Inc. now owns 755,951 shares of the company's stock valued at $212,021,000 after purchasing an additional 712,900 shares during the period. Bank of New York Mellon Corp raised its stake in CrowdStrike by 47.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,753,252 shares of the company's stock valued at $671,828,000 after purchasing an additional 564,662 shares during the period. Finally, Assenagon Asset Management S.A. raised its stake in CrowdStrike by 248.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 521,198 shares of the company's stock valued at $146,180,000 after purchasing an additional 371,695 shares during the period. 71.16% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts have recently weighed in on the stock. Raymond James dropped their price target on shares of CrowdStrike from $380.00 to $275.00 and set an "outperform" rating on the stock in a research note on Thursday, August 29th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of CrowdStrike from $350.00 to $275.00 and set a "hold" rating on the stock in a research report on Monday, August 26th. Westpark Capital restated a "hold" rating on shares of CrowdStrike in a report on Monday, November 25th. HSBC cut shares of CrowdStrike from a "buy" rating to a "hold" rating and set a $347.00 price target for the company. in a report on Wednesday, November 27th. Finally, Cantor Fitzgerald increased their target price on shares of CrowdStrike from $350.00 to $370.00 and gave the company an "overweight" rating in a research note on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $355.80.
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In related news, insider Shawn Henry sold 4,500 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $260.73, for a total transaction of $1,173,285.00. Following the sale, the insider now owns 174,591 shares in the company, valued at approximately $45,521,111.43. This trade represents a 2.51 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $320.38, for a total transaction of $2,002,375.00. Following the completion of the transaction, the director now directly owns 821,766 shares of the company's stock, valued at approximately $263,277,391.08. The trade was a 0.75 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 144,498 shares of company stock worth $45,116,385 in the last quarter. Corporate insiders own 4.34% of the company's stock.
Shares of NASDAQ:CRWD opened at $364.16 on Thursday. The company's 50 day moving average price is $319.66 and its two-hundred day moving average price is $313.31. CrowdStrike Holdings, Inc. has a 12-month low of $200.81 and a 12-month high of $398.33. The firm has a market cap of $89.27 billion, a PE ratio of 714.05, a PEG ratio of 18.78 and a beta of 1.11. The company has a quick ratio of 1.90, a current ratio of 1.86 and a debt-to-equity ratio of 0.24.
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.
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