Woodline Partners LP Increases Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Woodline Partners LP lifted its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 80.8% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,545 shares of the company's stock after buying an additional 8,287 shares during the period. Woodline Partners LP's holdings in CrowdStrike were worth $6,345,000 at the end of the most recent reporting period.

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Other hedge funds and other institutional investors have also recently modified their holdings of the company. Primoris Wealth Advisors LLC purchased a new position in shares of CrowdStrike in the 4th quarter worth approximately $2,166,000. Arcadia Investment Management Corp MI boosted its stake in shares of CrowdStrike by 30.8% in the 4th quarter. Arcadia Investment Management Corp MI now owns 11,954 shares of the company's stock worth $4,090,000 after buying an additional 2,814 shares during the last quarter. Greenleaf Trust boosted its stake in shares of CrowdStrike by 53.4% in the 4th quarter. Greenleaf Trust now owns 2,967 shares of the company's stock worth $1,015,000 after buying an additional 1,033 shares during the last quarter. Trifecta Capital Advisors LLC boosted its stake in shares of CrowdStrike by 2,140.3% in the 4th quarter. Trifecta Capital Advisors LLC now owns 8,961 shares of the company's stock worth $3,066,000 after buying an additional 8,561 shares during the last quarter. Finally, Fifth Third Bancorp boosted its stake in shares of CrowdStrike by 42.6% in the 4th quarter. Fifth Third Bancorp now owns 44,609 shares of the company's stock worth $15,263,000 after buying an additional 13,323 shares during the last quarter. Hedge funds and other institutional investors own 71.16% of the company's stock.

CrowdStrike Stock Up 2.6%

CRWD opened at $455.59 on Friday. The stock has a market cap of $112.93 billion, a PE ratio of 893.33, a P/E/G ratio of 17.86 and a beta of 1.22. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week high of $459.93. The business's fifty day simple moving average is $395.04 and its 200 day simple moving average is $379.13.

Insider Activity at CrowdStrike

• CrowdStrike Near Breakout: Is Now the Time to Buy?

In other CrowdStrike news, CEO George Kurtz sold 55,556 shares of the company's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $447.54, for a total transaction of $24,863,532.24. Following the completion of the sale, the chief executive officer now directly owns 2,192,610 shares in the company, valued at $981,280,679.40. This represents a 2.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Gerhard Watzinger sold 10,000 shares of the company's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $449.00, for a total transaction of $4,490,000.00. Following the sale, the director now owns 49,500 shares of the company's stock, valued at approximately $22,225,500. The trade was a 16.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 185,431 shares of company stock valued at $74,472,548 over the last 90 days. 3.32% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms recently commented on CRWD. BTIG Research reaffirmed a "buy" rating on shares of CrowdStrike in a report on Thursday. Piper Sandler set a $347.00 price target on shares of CrowdStrike in a report on Wednesday, March 5th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $440.00 price target on shares of CrowdStrike in a report on Wednesday, March 5th. Wedbush lifted their price target on shares of CrowdStrike from $390.00 to $395.00 and gave the stock an "outperform" rating in a report on Wednesday, March 5th. Finally, Roth Capital began coverage on shares of CrowdStrike in a report on Wednesday, April 23rd. They issued a "buy" rating and a $410.00 price target on the stock. Three analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, CrowdStrike presently has a consensus rating of "Moderate Buy" and an average target price of $403.83.

• CrowdStrike’s Rally Faces a Test—Here’s Why That’s Good

Get Our Latest Stock Report on CrowdStrike

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.

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Want to see what other hedge funds are holding CRWD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report).

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