Vestmark Advisory Solutions Inc. boosted its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD – Get Rating) by 19.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,725 shares of the company’s stock after buying an additional 2,759 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in CrowdStrike were worth $1,761,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in CrowdStrike by 1.3% during the third quarter. Vanguard Group Inc. now owns 13,243,460 shares of the company’s stock worth $2,182,654,000 after buying an additional 171,258 shares during the period. Jennison Associates LLC grew its position in shares of CrowdStrike by 19.7% in the third quarter. Jennison Associates LLC now owns 9,695,501 shares of the company’s stock valued at $1,597,916,000 after purchasing an additional 1,597,116 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of CrowdStrike by 17.6% in the second quarter. Price T Rowe Associates Inc. MD now owns 4,642,466 shares of the company’s stock valued at $782,534,000 after purchasing an additional 693,499 shares during the last quarter. State Street Corp boosted its position in CrowdStrike by 1.6% during the third quarter. State Street Corp now owns 4,257,764 shares of the company’s stock worth $701,722,000 after acquiring an additional 65,999 shares during the last quarter. Finally, Clearbridge Investments LLC boosted its position in CrowdStrike by 69.3% during the first quarter. Clearbridge Investments LLC now owns 2,310,859 shares of the company’s stock worth $524,750,000 after acquiring an additional 945,703 shares during the last quarter. 65.05% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other CrowdStrike news, Director Roxanne S. Austin acquired 35,000 shares of the stock in a transaction dated Thursday, January 5th. The stock was purchased at an average cost of $96.19 per share, with a total value of $3,366,650.00. Following the transaction, the director now owns 100,419 shares in the company, valued at approximately $9,659,303.61. The acquisition was disclosed in a filing with the SEC, which is available at this link. In other CrowdStrike news, insider Shawn Henry sold 10,462 shares of the business’s stock in a transaction on Tuesday, March 21st. The shares were sold at an average price of $131.85, for a total transaction of $1,379,414.70. Following the sale, the insider now owns 198,972 shares of the company’s stock, valued at approximately $26,234,458.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Roxanne S. Austin purchased 35,000 shares of the company’s stock in a transaction dated Thursday, January 5th. The shares were acquired at an average price of $96.19 per share, with a total value of $3,366,650.00. Following the transaction, the director now owns 100,419 shares in the company, valued at approximately $9,659,303.61. The disclosure for this purchase can be found here. In the last three months, insiders have sold 94,568 shares of company stock valued at $12,663,171. 6.82% of the stock is currently owned by company insiders.
CrowdStrike Stock Performance
Analysts Set New Price Targets
A number of analysts recently issued reports on the stock. UBS Group raised their target price on shares of CrowdStrike from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, March 8th. Citigroup increased their price target on shares of CrowdStrike from $145.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, March 8th. Jefferies Financial Group downgraded shares of CrowdStrike from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $175.00 to $120.00 in a research note on Thursday, January 5th. The Goldman Sachs Group began coverage on CrowdStrike in a research report on Tuesday, February 14th. They issued a “buy” rating and a $141.00 price objective on the stock. Finally, JPMorgan Chase & Co. upped their target price on CrowdStrike from $137.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, March 8th. Five research analysts have rated the stock with a hold rating and thirty-five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $173.14.
CrowdStrike Company Profile
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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