Natixis raised its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD – Get Rating) by 330.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 364,486 shares of the company’s stock after purchasing an additional 279,788 shares during the period. Natixis owned 0.16% of CrowdStrike worth $38,377,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Macquarie Group Ltd. grew its position in shares of CrowdStrike by 5.9% during the 4th quarter. Macquarie Group Ltd. now owns 904,638 shares of the company’s stock valued at $95,249,000 after buying an additional 50,138 shares during the last quarter. B. Riley Wealth Advisors Inc. grew its position in shares of CrowdStrike by 41.7% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 20,451 shares of the company’s stock valued at $2,153,000 after buying an additional 6,014 shares during the last quarter. Adalta Capital Management LLC grew its position in shares of CrowdStrike by 34.6% during the 4th quarter. Adalta Capital Management LLC now owns 1,030 shares of the company’s stock valued at $108,000 after buying an additional 265 shares during the last quarter. National Pension Service grew its position in shares of CrowdStrike by 12.4% during the 4th quarter. National Pension Service now owns 361,965 shares of the company’s stock valued at $38,111,000 after buying an additional 39,927 shares during the last quarter. Finally, Coppell Advisory Solutions Corp. acquired a new position in CrowdStrike in the 4th quarter valued at approximately $25,000. Institutional investors own 65.05% of the company’s stock.
Analyst Upgrades and Downgrades
Several research firms have weighed in on CRWD. Needham & Company LLC upped their price objective on shares of CrowdStrike from $165.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday, April 5th. Rosenblatt Securities began coverage on shares of CrowdStrike in a research note on Monday, May 1st. They issued a “buy” rating and a $170.00 price objective on the stock. JPMorgan Chase & Co. upped their price objective on shares of CrowdStrike from $137.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, March 8th. Wells Fargo & Company boosted their target price on shares of CrowdStrike from $165.00 to $175.00 in a research report on Thursday, June 1st. Finally, Guggenheim reissued a “buy” rating and issued a $147.00 target price on shares of CrowdStrike in a research report on Wednesday, March 8th. Five analysts have rated the stock with a hold rating and thirty-six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $176.88.
CrowdStrike Trading Down 2.9 %
Insider Buying and Selling
In related news, insider Shawn Henry sold 10,462 shares of the stock in a transaction dated 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 completion of the sale, the insider now owns 198,972 shares in the company, valued at approximately $26,234,458.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other CrowdStrike news, President Michael Sentonas sold 7,926 shares of the firm’s stock in a transaction dated Tuesday, March 21st. The shares were sold at an average price of $131.85, for a total value of $1,045,043.10. Following the completion of the sale, the president now owns 217,083 shares in the company, valued at approximately $28,622,393.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Shawn Henry sold 10,462 shares of the firm’s stock in a transaction dated 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 completion of the sale, the insider now owns 198,972 shares of the company’s stock, valued at approximately $26,234,458.20. The disclosure for this sale can be found here. Insiders sold 94,568 shares of company stock worth $12,663,171 in the last quarter. 5.68% of the stock is owned by corporate insiders.
CrowdStrike Company Profile
CrowdStrike Holdings, Inc provides cloud-delivered protection across endpoints and cloud workloads, identity, and data. It offers corporate workload security, security and vulnerability management, managed security services, IT operations management, threat intelligence services, identity protection, and log management.
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