CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Acquired by Federated Hermes Inc.

Federated Hermes Inc. grew its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 24.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,089,000 shares of the company’s stock after purchasing an additional 213,226 shares during the quarter. CrowdStrike makes up 0.7% of Federated Hermes Inc.’s holdings, making the stock its 28th biggest position. Federated Hermes Inc.’s holdings in CrowdStrike were worth $278,043,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in CrowdStrike by 1.0% during the third quarter. Vanguard Group Inc. now owns 14,717,715 shares of the company’s stock worth $2,463,451,000 after acquiring an additional 150,898 shares during the last quarter. BlackRock Inc. raised its stake in CrowdStrike by 1.9% during the first quarter. BlackRock Inc. now owns 13,668,541 shares of the company’s stock worth $1,876,144,000 after purchasing an additional 255,625 shares during the period. Morgan Stanley raised its stake in CrowdStrike by 124.4% during the third quarter. Morgan Stanley now owns 4,973,809 shares of the company’s stock worth $832,516,000 after purchasing an additional 2,757,251 shares during the period. State Street Corp raised its stake in CrowdStrike by 3.0% during the first quarter. State Street Corp now owns 4,322,377 shares of the company’s stock worth $593,280,000 after purchasing an additional 127,620 shares during the period. Finally, T. Rowe Price Investment Management Inc. raised its stake in CrowdStrike by 62.1% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,761,214 shares of the company’s stock worth $396,019,000 after purchasing an additional 1,440,905 shares during the period. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Shawn Henry sold 14,815 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 235,850 shares in the company, valued at $76,851,722.50. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other CrowdStrike news, CEO George Kurtz sold 78,080 shares of CrowdStrike stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $326.78, for a total value of $25,514,982.40. Following the completion of the sale, the chief executive officer now directly owns 1,148,102 shares in the company, valued at $375,176,771.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Shawn Henry sold 14,815 shares of CrowdStrike stock in a transaction that occurred 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 completion of the sale, the insider now owns 235,850 shares of the company’s stock, valued at $76,851,722.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 223,544 shares of company stock worth $72,113,932. 5.68% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently issued reports on CRWD. Jefferies Financial Group boosted their price target on shares of CrowdStrike from $375.00 to $400.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. HSBC boosted their price target on shares of CrowdStrike from $411.00 to $412.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Scotiabank boosted their price target on shares of CrowdStrike from $320.00 to $400.00 and gave the company a “sector outperform” rating in a research note on Wednesday, March 6th. BTIG Research boosted their price target on shares of CrowdStrike from $322.00 to $432.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Finally, Barclays lifted their price objective on shares of CrowdStrike from $340.00 to $400.00 and gave the company an “overweight” rating in a report on Wednesday, March 6th. One investment analyst has rated the stock with a hold rating and thirty-seven have issued a buy rating to the stock. According to MarketBeat.com, CrowdStrike has a consensus rating of “Moderate Buy” and an average price target of $371.87.

CrowdStrike Trading Up 0.9 %

Shares of CRWD traded up $2.52 during midday trading on Thursday, hitting $296.21. The stock had a trading volume of 860,057 shares, compared to its average volume of 3,608,772. CrowdStrike Holdings, Inc. has a fifty-two week low of $115.67 and a fifty-two week high of $365.00. The business has a 50-day simple moving average of $319.23 and a two-hundred day simple moving average of $262.69. The firm has a market cap of $71.64 billion, a P/E ratio of 817.66, a price-to-earnings-growth ratio of 11.96 and a beta of 1.05. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.32.

CrowdStrike (NASDAQ:CRWD) last announced its earnings results on Tuesday, March 5th. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.18 by $0.06. CrowdStrike had a net margin of 2.92% and a return on equity of 6.09%. The company had revenue of $845.34 million during the quarter, compared to analysts’ expectations of $839.08 million. As a group, equities analysts forecast that CrowdStrike Holdings, Inc. will post 1.12 EPS for the current year.

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.