First Affirmative Financial Network Grows Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

First Affirmative Financial Network increased its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 4.2% in the fourth quarter, Holdings Channel reports. The fund owned 811 shares of the company’s stock after purchasing an additional 33 shares during the quarter. First Affirmative Financial Network’s holdings in CrowdStrike were worth $278,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Jennison Associates LLC lifted its position in shares of CrowdStrike by 25.0% during the third quarter. Jennison Associates LLC now owns 5,068,800 shares of the company’s stock valued at $1,421,646,000 after buying an additional 1,013,161 shares during the last quarter. International Assets Investment Management LLC lifted its position in shares of CrowdStrike by 17,926.3% during the third quarter. International Assets Investment Management LLC now owns 925,831 shares of the company’s stock valued at $259,668,000 after buying an additional 920,695 shares during the last quarter. Daiwa Securities Group Inc. lifted its position in shares of CrowdStrike by 1,655.9% during the third quarter. Daiwa Securities Group Inc. now owns 755,951 shares of the company’s stock valued at $212,021,000 after buying an additional 712,900 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in shares of CrowdStrike by 248.6% during the third quarter. Assenagon Asset Management S.A. now owns 521,198 shares of the company’s stock valued at $146,180,000 after buying an additional 371,695 shares during the last quarter. Finally, State Street Corp lifted its position in shares of CrowdStrike by 2.9% during the third quarter. State Street Corp now owns 9,630,776 shares of the company’s stock valued at $2,701,144,000 after buying an additional 275,717 shares during the last quarter. 71.16% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at CrowdStrike

In other news, CAO Anurag Saha sold 1,863 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $358.46, for a total value of $667,810.98. Following the transaction, the chief accounting officer now owns 41,059 shares of the company’s stock, valued at approximately $14,718,009.14. The trade was a 4.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Michael Sentonas sold 10,801 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $358.47, for a total value of $3,871,834.47. Following the completion of the transaction, the president now directly owns 389,589 shares in the company, valued at approximately $139,655,968.83. The trade was a 2.70 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 110,351 shares of company stock worth $38,935,113. 4.34% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

CRWD has been the subject of several analyst reports. Barclays increased their price target on shares of CrowdStrike from $295.00 to $372.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Bank of America increased their price target on shares of CrowdStrike from $365.00 to $400.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Wells Fargo & Company upped their price objective on shares of CrowdStrike from $350.00 to $400.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. Needham & Company LLC upped their price objective on shares of CrowdStrike from $360.00 to $420.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Finally, Cantor Fitzgerald upped their price objective on shares of CrowdStrike from $350.00 to $370.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $369.00.

CrowdStrike Price Performance

CRWD stock opened at $396.87 on Friday. The business has a 50 day moving average price of $361.31 and a 200 day moving average price of $312.25. The stock has a market cap of $97.75 billion, a price-to-earnings ratio of 778.19, a PEG ratio of 20.07 and a beta of 1.14. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $411.30. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24.

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.