Industrial Alliance Investment Management Inc. Raises Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Posted by on Mar 16th, 2023

Industrial Alliance Investment Management Inc. increased its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD – Get Rating) by 130.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 30,122 shares of the company’s stock after purchasing an additional 17,067 shares during the quarter. Industrial Alliance Investment Management Inc.’s holdings in CrowdStrike were worth $4,964,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Zullo Investment Group Inc. boosted its stake in shares of CrowdStrike by 1.9% during the 2nd quarter. Zullo Investment Group Inc. now owns 2,990 shares of the company’s stock valued at $504,000 after purchasing an additional 55 shares in the last quarter. Nwam LLC boosted its stake in shares of CrowdStrike by 2.2% during the 2nd quarter. Nwam LLC now owns 2,802 shares of the company’s stock valued at $523,000 after purchasing an additional 60 shares in the last quarter. Almanack Investment Partners LLC. boosted its stake in shares of CrowdStrike by 5.5% during the 2nd quarter. Almanack Investment Partners LLC. now owns 1,191 shares of the company’s stock valued at $201,000 after purchasing an additional 62 shares in the last quarter. Ameritas Investment Partners Inc. boosted its stake in shares of CrowdStrike by 1.4% during the 1st quarter. Ameritas Investment Partners Inc. now owns 4,562 shares of the company’s stock valued at $1,036,000 after purchasing an additional 65 shares in the last quarter. Finally, Pacific Wealth Strategies Group Inc. boosted its stake in shares of CrowdStrike by 0.9% during the 3rd quarter. Pacific Wealth Strategies Group Inc. now owns 7,605 shares of the company’s stock valued at $1,253,000 after purchasing an additional 65 shares in the last quarter. Hedge funds and other institutional investors own 65.05% of the company’s stock.

Wall Street Analysts Forecast Growth

CRWD has been the topic of a number of research reports. Stephens lifted their target price on shares of CrowdStrike from $161.00 to $173.00 and gave the company an “overweight” rating in a research note on Wednesday, March 8th. BTIG Research boosted their price objective on shares of CrowdStrike from $148.00 to $163.00 and gave the stock a “buy” rating in a research note on Wednesday, March 8th. DA Davidson dropped their price objective on shares of CrowdStrike from $235.00 to $145.00 and set a “buy” rating on the stock in a research note on Wednesday, November 30th. Truist Financial dropped their price objective on shares of CrowdStrike from $200.00 to $175.00 in a research note on Monday, January 9th. Finally, The Goldman Sachs Group began coverage on shares of CrowdStrike in a research note on Tuesday, February 14th. They set a “buy” rating and a $141.00 price objective on the stock. Five research analysts have rated the stock with a hold rating and thirty-five have issued a buy rating to the stock. According to data from MarketBeat, CrowdStrike has a consensus rating of “Moderate Buy” and an average target price of $173.14.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, Director Denis Oleary sold 39,448 shares of the company’s stock in a transaction that occurred on Monday, December 19th. The shares were sold at an average price of $109.00, for a total transaction of $4,299,832.00. Following the completion of the sale, the director now directly owns 3,887 shares of the company’s stock, valued at $423,683. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other CrowdStrike news, Director Denis Oleary sold 39,448 shares of the company’s stock in a transaction that occurred on Monday, December 19th. The shares were sold at an average price of $109.00, for a total value of $4,299,832.00. Following the completion of the transaction, the director now directly owns 3,887 shares in the company, valued at $423,683. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Shawn Henry sold 7,556 shares of the company’s stock in a transaction that occurred on Wednesday, December 21st. The stock was sold at an average price of $108.90, for a total transaction of $822,848.40. Following the completion of the transaction, the insider now owns 166,998 shares of the company’s stock, valued at $18,186,082.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 109,252 shares of company stock valued at $11,807,218. Insiders own 6.82% of the company’s stock.

CrowdStrike Stock Up 1.0 %

Shares of CRWD stock opened at $129.32 on Thursday. CrowdStrike Holdings, Inc. has a 12 month low of $92.25 and a 12 month high of $242.00. The stock has a market cap of $30.31 billion, a P/E ratio of -163.70 and a beta of 1.02. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.50. The company has a 50 day simple moving average of $111.67 and a two-hundred day simple moving average of $133.82.

CrowdStrike Company Profile

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CrowdStrike Holdings, Inc provides cybersecurity products and services to stop breaches. It offers cloud-delivered protection across endpoints, cloud workloads, identity and data, and threat intelligence, managed security services, IT operations management, threat hunting, Zero Trust identity protection, and log management.

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Institutional Ownership by Quarter for CrowdStrike (NASDAQ:CRWD)

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