Mitchell Capital Management Co. Acquires 8,303 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Mitchell Capital Management Co. raised its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 65.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,993 shares of the company’s stock after acquiring an additional 8,303 shares during the period. CrowdStrike comprises approximately 1.3% of Mitchell Capital Management Co.’s portfolio, making the stock its 21st biggest holding. Mitchell Capital Management Co.’s holdings in CrowdStrike were worth $7,183,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of CRWD. Jennison Associates LLC grew its position in CrowdStrike by 25.0% during 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 last quarter. Daiwa Securities Group Inc. grew its position in CrowdStrike by 1,655.9% during the third quarter. Daiwa Securities Group Inc. now owns 755,951 shares of the company’s stock valued at $212,021,000 after acquiring an additional 712,900 shares during the last quarter. State Street Corp grew its position in CrowdStrike by 2.9% during the third quarter. State Street Corp now owns 9,630,776 shares of the company’s stock valued at $2,701,144,000 after acquiring an additional 275,717 shares during the last quarter. Proficio Capital Partners LLC bought a new position in CrowdStrike during the fourth quarter valued at approximately $86,869,000. Finally, Whale Rock Capital Management LLC bought a new position in CrowdStrike during the third quarter valued at approximately $69,280,000. 71.16% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on CRWD shares. Barclays raised their target price on shares of CrowdStrike from $372.00 to $506.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Royal Bank of Canada raised their target price on shares of CrowdStrike from $365.00 to $420.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Evercore ISI raised their target price on shares of CrowdStrike from $325.00 to $400.00 and gave the stock an “outperform” rating in a report on Monday, November 25th. UBS Group raised their target price on shares of CrowdStrike from $396.00 to $450.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Baird R W cut shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, CrowdStrike currently has an average rating of “Moderate Buy” and a consensus price target of $389.50.

Insider Buying and Selling

In related news, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $345.65, for a total value of $2,160,312.50. Following the completion of the sale, the director now directly owns 811,842 shares in the company, valued at approximately $280,613,187.30. This trade represents a 0.76 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO George Kurtz sold 18,071 shares of CrowdStrike stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $359.70, for a total value of $6,500,138.70. Following the completion of the sale, the chief executive officer now owns 2,159,935 shares of the company’s stock, valued at $776,928,619.50. The trade was a 0.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 106,565 shares of company stock worth $40,570,629. 4.34% of the stock is owned by corporate insiders.

CrowdStrike Price Performance

Shares of NASDAQ:CRWD opened at $389.66 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 debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. The business has a fifty day moving average price of $386.94 and a 200-day moving average price of $335.50. The company has a market capitalization of $95.98 billion, a PE ratio of 764.05, a PEG ratio of 17.86 and a beta of 1.16.

CrowdStrike Company Profile

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.