Generali Asset Management SPA SGR Purchases New Shares in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Generali Asset Management SPA SGR purchased a new stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 6,503 shares of the company’s stock, valued at approximately $2,225,000.

A number of other institutional investors have also made changes to their positions in CRWD. Natixis Advisors LLC raised its holdings in shares of CrowdStrike by 12.4% in the third quarter. Natixis Advisors LLC now owns 39,798 shares of the company’s stock valued at $11,162,000 after buying an additional 4,382 shares during the last quarter. Thrivent Financial for Lutherans raised its holdings in CrowdStrike by 120.6% during the 3rd quarter. Thrivent Financial for Lutherans now owns 89,282 shares of the company’s stock worth $25,041,000 after purchasing an additional 48,808 shares during the last quarter. SouthState Corp raised its holdings in CrowdStrike by 14.9% during the 3rd quarter. SouthState Corp now owns 308 shares of the company’s stock worth $86,000 after purchasing an additional 40 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in CrowdStrike during the 3rd quarter worth about $2,022,000. Finally, PNC Financial Services Group Inc. raised its holdings in CrowdStrike by 41.2% during the 3rd quarter. PNC Financial Services Group Inc. now owns 76,578 shares of the company’s stock worth $21,478,000 after purchasing an additional 22,361 shares during the last quarter. 71.16% of the stock is owned by institutional investors.

Insider Activity at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 5,505 shares of the stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $358.47, for a total transaction of $1,973,377.35. Following the transaction, the insider now owns 110,293 shares in the company, valued at $39,536,731.71. This trade represents a 4.75 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Michael Sentonas sold 10,801 shares of CrowdStrike stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $358.47, for a total value of $3,871,834.47. Following the sale, the president now directly 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 100,315 shares of company stock worth $38,319,124. Company insiders own 4.34% of the company’s stock.

CrowdStrike Stock Up 3.3 %

CRWD opened at $375.05 on Thursday. CrowdStrike Holdings, Inc. has a 1-year low of $200.81 and a 1-year high of $455.59. The stock’s fifty day simple moving average is $386.06 and its 200 day simple moving average is $343.34. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. The stock has a market cap of $92.96 billion, a PE ratio of 735.41, a price-to-earnings-growth ratio of 17.86 and a beta of 1.19.

Wall Street Analyst Weigh In

Several analysts have weighed in on CRWD shares. Guggenheim reissued a “neutral” rating on shares of CrowdStrike in a report on Wednesday, March 5th. DA Davidson boosted their target price on CrowdStrike from $395.00 to $415.00 and gave the stock a “buy” rating in a research report on Wednesday, March 5th. Jefferies Financial Group decreased their target price on CrowdStrike from $450.00 to $425.00 and set a “buy” rating for the company in a research report on Wednesday, March 5th. Oppenheimer boosted their target price on CrowdStrike from $365.00 to $410.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Finally, Truist Financial boosted their target price on CrowdStrike from $385.00 to $460.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $399.51.

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.