Allstate Corp Makes New Investment in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Allstate Corp purchased a new stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 6,877 shares of the company’s stock, valued at approximately $2,353,000.

Several other hedge funds and other institutional investors also recently modified their holdings of CRWD. Jacobi Capital Management LLC raised its holdings in CrowdStrike by 1.9% in the 4th quarter. Jacobi Capital Management LLC now owns 1,309 shares of the company’s stock worth $448,000 after purchasing an additional 25 shares in the last quarter. Dorsey & Whitney Trust CO LLC increased its position in shares of CrowdStrike by 1.4% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 1,974 shares of the company’s stock valued at $675,000 after buying an additional 27 shares during the period. Wintrust Investments LLC raised its stake in CrowdStrike by 4.2% in the fourth quarter. Wintrust Investments LLC now owns 719 shares of the company’s stock worth $246,000 after buying an additional 29 shares in the last quarter. Synergy Financial Group LTD lifted its holdings in CrowdStrike by 0.8% in the third quarter. Synergy Financial Group LTD now owns 3,950 shares of the company’s stock worth $1,108,000 after buying an additional 30 shares during the period. Finally, Greenwich Wealth Management LLC boosted its position in CrowdStrike by 4.0% during the 4th quarter. Greenwich Wealth Management LLC now owns 776 shares of the company’s stock valued at $265,000 after acquiring an additional 30 shares in the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on CRWD shares. Stifel Nicolaus decreased their target price on CrowdStrike from $475.00 to $435.00 and set a “buy” rating for the company in a research report on Wednesday, March 5th. Needham & Company LLC reiterated a “buy” rating and issued a $420.00 price objective on shares of CrowdStrike in a report on Wednesday, March 5th. Scotiabank restated a “sector perform” rating on shares of CrowdStrike in a report on Wednesday, February 5th. UBS Group reduced their target price on shares of CrowdStrike from $450.00 to $425.00 and set a “buy” rating on the stock in a research report on Wednesday, March 5th. Finally, KeyCorp lowered their price target on shares of CrowdStrike from $480.00 to $450.00 and set an “overweight” rating for the company in a research report on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $400.26.

Insider Activity at CrowdStrike

In related news, CAO Anurag Saha sold 1,496 shares of the business’s stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $358.62, for a total value of $536,495.52. Following the sale, the chief accounting officer now directly owns 36,165 shares in the company, valued at approximately $12,969,492.30. The trade was a 3.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $450.67, for a total value of $1,802,680.00. Following the transaction, the insider now directly owns 94,214 shares of the company’s stock, valued at approximately $42,459,423.38. The trade was a 4.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 110,801 shares of company stock valued at $42,092,255. Corporate insiders own 4.34% of the company’s stock.

CrowdStrike Trading Down 2.6 %

Shares of CRWD opened at $357.11 on Friday. CrowdStrike Holdings, Inc. has a 1 year low of $200.81 and a 1 year high of $455.59. The company has a 50 day simple moving average of $388.15 and a two-hundred day simple moving average of $348.82. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. The firm has a market cap of $88.52 billion, a P/E ratio of 700.23, a price-to-earnings-growth ratio of 17.86 and a beta of 1.19.

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.