QRG Capital Management Inc. Purchases 6,147 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

QRG Capital Management Inc. grew its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 15.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 47,095 shares of the company’s stock after purchasing an additional 6,147 shares during the quarter. QRG Capital Management Inc.’s holdings in CrowdStrike were worth $16,114,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of CRWD. Jennison Associates LLC lifted its position in shares of CrowdStrike by 25.0% during the 3rd 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. Daiwa Securities Group Inc. raised its holdings in shares of CrowdStrike by 1,655.9% in the third quarter. Daiwa Securities Group Inc. now owns 755,951 shares of the company’s stock valued at $212,021,000 after purchasing an additional 712,900 shares during the last quarter. State Street Corp raised its holdings in shares of 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 purchasing an additional 275,717 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of CrowdStrike in the fourth quarter valued at about $86,869,000. Finally, Whale Rock Capital Management LLC purchased a new stake in shares of CrowdStrike in the third quarter valued at about $69,280,000. 71.16% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, President Michael Sentonas sold 10,801 shares of the company’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $358.47, for a total transaction of $3,871,834.47. Following the completion of the sale, the president now owns 389,589 shares of the company’s stock, valued at $139,655,968.83. This represents a 2.70 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Sameer K. Gandhi sold 6,250 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $345.65, for a total transaction of $2,160,312.50. Following the sale, the director now directly owns 811,842 shares of the company’s stock, valued at $280,613,187.30. The trade was a 0.76 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 106,565 shares of company stock valued at $40,570,629. 4.34% of the stock is owned by insiders.

Analyst Ratings Changes

CRWD has been the subject of several research reports. Evercore ISI increased their price target on shares of CrowdStrike from $325.00 to $400.00 and gave the company an “outperform” rating in a research report on Monday, November 25th. Hsbc Global Res lowered shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Stifel Nicolaus raised their price objective on shares of CrowdStrike from $400.00 to $475.00 and gave the company a “buy” rating in a research report on Wednesday, February 19th. Oppenheimer raised their price objective on shares of CrowdStrike from $365.00 to $410.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Finally, Westpark Capital restated a “hold” rating on shares of CrowdStrike in a research report on Monday, November 25th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have issued a buy rating and three have issued 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 $388.70.

CrowdStrike Price Performance

Shares of NASDAQ:CRWD opened at $380.24 on Friday. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $455.59. The business has a 50-day simple moving average of $386.39 and a two-hundred day simple moving average of $333.85. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. The firm has a market cap of $93.66 billion, a price-to-earnings ratio of 745.58, a price-to-earnings-growth ratio of 17.86 and a beta of 1.16.

CrowdStrike 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.