Congress Asset Management Co. MA Invests $6 Million in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Congress Asset Management Co. MA purchased a new stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 23,481 shares of the company’s stock, valued at approximately $5,995,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of CrowdStrike by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 14,717,715 shares of the company’s stock worth $2,463,451,000 after purchasing an additional 150,898 shares during the period. Jennison Associates LLC boosted its position in shares of CrowdStrike by 33.2% during the fourth quarter. Jennison Associates LLC now owns 6,340,819 shares of the company’s stock valued at $1,618,938,000 after buying an additional 1,581,796 shares during the period. Morgan Stanley grew its stake in shares of CrowdStrike by 124.4% during the third quarter. Morgan Stanley now owns 4,973,809 shares of the company’s stock valued at $832,516,000 after buying an additional 2,757,251 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of CrowdStrike by 17.9% in the third quarter. Ameriprise Financial Inc. now owns 2,768,332 shares of the company’s stock worth $463,482,000 after buying an additional 419,619 shares during the period. Finally, Norges Bank bought a new stake in shares of CrowdStrike during the 4th quarter worth approximately $683,336,000. 71.16% of the stock is owned by hedge funds and other institutional investors.

CrowdStrike Price Performance

Shares of CRWD opened at $385.43 on Monday. The firm has a market capitalization of $93.22 billion, a PE ratio of 727.24, a price-to-earnings-growth ratio of 19.26 and a beta of 1.08. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.80 and a quick ratio of 1.80. The company’s fifty day moving average price is $325.25 and its 200-day moving average price is $304.30. CrowdStrike Holdings, Inc. has a 1-year low of $139.37 and a 1-year high of $390.71.

Insider Buying and Selling at CrowdStrike

In related news, insider Shawn Henry sold 14,815 shares of CrowdStrike stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $325.85, for a total transaction of $4,827,467.75. Following the completion of the sale, the insider now owns 235,850 shares of the company’s stock, valued at $76,851,722.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CAO Anurag Saha sold 1,019 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $325.80, for a total value of $331,990.20. Following the completion of the transaction, the chief accounting officer now directly owns 36,136 shares in the company, valued at approximately $11,773,108.80. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Shawn Henry sold 14,815 shares of the firm’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $325.85, for a total transaction of $4,827,467.75. Following the sale, the insider now owns 235,850 shares in the company, valued at approximately $76,851,722.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 317,000 shares of company stock worth $101,229,160. 4.34% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

CRWD has been the topic of several research analyst reports. Barclays upped their price objective on CrowdStrike from $340.00 to $400.00 and gave the company an “overweight” rating in a research report on Wednesday, March 6th. BMO Capital Markets cut their price target on shares of CrowdStrike from $425.00 to $410.00 and set an “outperform” rating on the stock in a report on Wednesday, June 5th. Wells Fargo & Company lifted their price objective on shares of CrowdStrike from $315.00 to $380.00 and gave the company an “overweight” rating in a report on Monday, March 4th. Canaccord Genuity Group upped their target price on shares of CrowdStrike from $400.00 to $405.00 and gave the stock a “buy” rating in a research note on Wednesday, June 5th. Finally, Guggenheim lifted their price target on shares of CrowdStrike from $358.00 to $424.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. One equities research analyst has rated the stock with a hold rating, thirty-seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $380.62.

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.