TCTC Holdings LLC Makes New $45,000 Investment in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

TCTC Holdings LLC acquired a new position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 131 shares of the company’s stock, valued at approximately $45,000.

Other large investors have also added to or reduced their stakes in the company. State Street Corp increased its position in shares of CrowdStrike by 2.9% during the 3rd quarter. State Street Corp now owns 9,630,776 shares of the company’s stock valued at $2,701,144,000 after purchasing an additional 275,717 shares during the last quarter. Jennison Associates LLC increased its position in shares of CrowdStrike by 6.9% during the 4th quarter. Jennison Associates LLC now owns 5,420,980 shares of the company’s stock valued at $1,854,843,000 after purchasing an additional 352,180 shares during the last quarter. Geode Capital Management LLC increased its position in shares of CrowdStrike by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 4,893,457 shares of the company’s stock valued at $1,367,505,000 after purchasing an additional 97,990 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of CrowdStrike by 12.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,570,440 shares of the company’s stock valued at $440,461,000 after purchasing an additional 171,861 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of CrowdStrike by 4.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,419,075 shares of the company’s stock valued at $485,551,000 after purchasing an additional 64,581 shares during the last quarter. Institutional investors own 71.16% of the company’s stock.

CrowdStrike Trading Up 3.1 %

Shares of NASDAQ:CRWD opened at $364.83 on Tuesday. The business’s 50-day moving average is $385.67 and its 200 day moving average is $342.51. CrowdStrike Holdings, Inc. has a 1 year low of $200.81 and a 1 year high of $455.59. The firm has a market capitalization of $89.86 billion, a P/E ratio of 715.37, a P/E/G ratio of 17.86 and a beta of 1.19. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on CRWD shares. Stifel Nicolaus cut their target price on CrowdStrike from $475.00 to $435.00 and set a “buy” rating on the stock in a research report on Wednesday, March 5th. Piper Sandler set a $347.00 price objective on CrowdStrike in a report on Wednesday, March 5th. Evercore ISI boosted their price objective on CrowdStrike from $400.00 to $450.00 and gave the company an “outperform” rating in a report on Wednesday, March 5th. Robert W. Baird dropped their price objective on CrowdStrike from $440.00 to $405.00 and set a “neutral” rating for the company in a report on Wednesday, March 5th. Finally, DA Davidson boosted their price objective on CrowdStrike from $395.00 to $415.00 and gave the company a “buy” rating in a report on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $398.78.

Insider Activity at CrowdStrike

In related news, Director Sameer K. Gandhi sold 6,250 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $345.65, for a total transaction of $2,160,312.50. Following the transaction, the director now directly owns 811,842 shares of the company’s stock, valued at $280,613,187.30. This represents a 0.76 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO George Kurtz sold 18,071 shares of the company’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $359.70, for a total value of $6,500,138.70. Following the transaction, the chief executive officer now directly owns 2,159,935 shares in the company, valued at $776,928,619.50. This represents a 0.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 100,315 shares of company stock valued at $38,319,124 in the last ninety days. Corporate insiders own 4.34% of the company’s stock.

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.