TIAA Trust National Association Grows Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

TIAA Trust National Association grew its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 2.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 96,562 shares of the company’s stock after purchasing an additional 2,584 shares during the period. TIAA Trust National Association’s holdings in CrowdStrike were worth $33,040,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in CRWD. Berbice Capital Management LLC purchased a new stake in shares of CrowdStrike in the fourth quarter worth $27,000. Fortitude Family Office LLC grew its position in CrowdStrike by 112.8% during the 4th quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock valued at $28,000 after purchasing an additional 44 shares during the last quarter. FPC Investment Advisory Inc. increased its stake in CrowdStrike by 811.1% during the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock valued at $28,000 after purchasing an additional 73 shares in the last quarter. Luken Investment Analytics LLC purchased a new position in CrowdStrike in the fourth quarter worth about $34,000. Finally, Crowley Wealth Management Inc. bought a new position in shares of CrowdStrike in the fourth quarter worth approximately $34,000. 71.16% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Shawn Henry sold 4,500 shares of the business’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $353.00, for a total value of $1,588,500.00. Following the sale, the insider now directly owns 89,714 shares in the company, valued at $31,669,042. The trade was a 4.78 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Sameer K. Gandhi sold 17,120 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $428.13, for a total transaction of $7,329,585.60. Following the completion of the transaction, the director now directly owns 780,592 shares of the company’s stock, valued at approximately $334,194,852.96. The trade was a 2.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 52,858 shares of company stock valued at $21,288,706 in the last quarter. 4.34% of the stock is currently owned by insiders.

CrowdStrike Trading Up 2.9 %

Shares of CRWD stock opened at $372.64 on Tuesday. The stock’s 50-day moving average price is $387.16 and its 200-day moving average price is $346.07. CrowdStrike Holdings, Inc. has a 12-month low of $200.81 and a 12-month high of $455.59. The stock has a market capitalization of $92.37 billion, a price-to-earnings ratio of 730.68, a price-to-earnings-growth ratio of 17.86 and a beta of 1.19. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24.

Analysts Set New Price Targets

Several research firms recently commented on CRWD. Guggenheim reaffirmed a “neutral” rating on shares of CrowdStrike in a research report on Wednesday, March 5th. The Goldman Sachs Group reissued a “buy” rating on shares of CrowdStrike in a report on Wednesday, March 5th. Evercore ISI raised their target price on shares of CrowdStrike from $400.00 to $450.00 and gave the stock an “outperform” rating in a report on Wednesday, March 5th. Citigroup reiterated a “buy” rating on shares of CrowdStrike in a research note on Wednesday, February 5th. Finally, Bank of America raised their price target on CrowdStrike from $400.00 to $420.00 and gave the stock a “buy” rating in a research note on Wednesday, February 26th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $399.51.

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.