Brown Brothers Harriman & Co. Grows Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Brown Brothers Harriman & Co. lifted its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 200.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 763 shares of the company’s stock after acquiring an additional 509 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in CrowdStrike were worth $261,000 at the end of the most recent reporting period.

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

Insider Activity

In related news, CAO Anurag Saha sold 1,496 shares of the stock in a transaction on Friday, March 21st. The stock was sold at an average price of $358.62, for a total transaction of $536,495.52. Following the completion of the sale, the chief accounting officer now directly owns 36,165 shares of the company’s stock, valued at $12,969,492.30. This trade represents a 3.97 % decrease in their ownership of the stock. The sale 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 CrowdStrike 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 completion of the sale, the director now directly owns 811,842 shares in the company, valued at approximately $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 quarter, insiders sold 110,801 shares of company stock worth $42,092,255. Corporate insiders own 4.34% of the company’s stock.

CrowdStrike Stock Down 1.3 %

Shares of NASDAQ CRWD opened at $352.58 on Tuesday. The company has a market capitalization of $87.40 billion, a price-to-earnings ratio of 691.35, a price-to-earnings-growth ratio of 17.86 and a beta of 1.19. 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 50-day moving average of $388.06 and a two-hundred day moving average of $350.16.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. increased their price objective on shares of CrowdStrike from $418.00 to $450.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. DA Davidson lifted their price target on shares of CrowdStrike from $395.00 to $415.00 and gave the company a “buy” rating in a research note on Wednesday, March 5th. Stifel Nicolaus reduced their target price on CrowdStrike from $475.00 to $435.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. UBS Group lowered their price target 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, Scotiabank restated a “sector perform” rating on shares of CrowdStrike in a report on Wednesday, February 5th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, CrowdStrike currently has an average rating of “Moderate Buy” and an average target price of $399.62.

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.