Highland Capital Management LLC Purchases 385 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Highland Capital Management LLC boosted its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 1.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 34,895 shares of the company’s stock after purchasing an additional 385 shares during the quarter. Highland Capital Management LLC’s holdings in CrowdStrike were worth $11,940,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. State Street Corp boosted its position in CrowdStrike by 2.9% in the third quarter. State Street Corp now owns 9,630,776 shares of the company’s stock valued at $2,701,144,000 after buying an additional 275,717 shares during the last quarter. Jennison Associates LLC lifted its holdings in CrowdStrike by 25.0% in the third quarter. Jennison Associates LLC now owns 5,068,800 shares of the company’s stock valued at $1,421,646,000 after acquiring an additional 1,013,161 shares during the period. Geode Capital Management LLC lifted its holdings in CrowdStrike by 2.0% in the third quarter. Geode Capital Management LLC now owns 4,893,457 shares of the company’s stock valued at $1,367,505,000 after acquiring an additional 97,990 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in CrowdStrike by 12.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,570,440 shares of the company’s stock valued at $440,461,000 after acquiring an additional 171,861 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in CrowdStrike by 1.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,354,494 shares of the company’s stock valued at $379,895,000 after acquiring an additional 20,899 shares during the period. 71.16% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on CRWD shares. Wells Fargo & Company upped their target price on CrowdStrike from $350.00 to $400.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. KeyCorp upped their target price on CrowdStrike from $345.00 to $395.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. BMO Capital Markets upped their target price on CrowdStrike from $315.00 to $380.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. JMP Securities reiterated a “market outperform” rating and set a $400.00 price target on shares of CrowdStrike in a report on Monday, November 4th. Finally, Wedbush set a $330.00 price target on CrowdStrike in a report on Thursday, October 17th. 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 given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $369.00.

CrowdStrike Price Performance

NASDAQ CRWD opened at $397.07 on Thursday. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $97.80 billion, a PE ratio of 778.58, a price-to-earnings-growth ratio of 20.07 and a beta of 1.14. The company has a 50 day moving average price of $360.37 and a two-hundred day moving average price of $311.65. CrowdStrike Holdings, Inc. has a 12-month low of $200.81 and a 12-month high of $411.30.

Insider Activity

In other news, Director Sameer K. Gandhi sold 6,250 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $345.65, for a total value of $2,160,312.50. Following the sale, the director now owns 811,842 shares in the company, valued at approximately $280,613,187.30. The trade was a 0.76 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $354.91, for a total transaction of $1,419,640.00. Following the completion of the sale, the insider now owns 98,214 shares in the company, valued at $34,857,130.74. This represents a 3.91 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 110,351 shares of company stock valued at $38,935,113 over the last 90 days. 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.