Jennison Associates LLC Raises Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Jennison Associates LLC boosted its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 33.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,340,819 shares of the company’s stock after purchasing an additional 1,581,796 shares during the period. CrowdStrike makes up 1.2% of Jennison Associates LLC’s holdings, making the stock its 25th biggest holding. Jennison Associates LLC’s holdings in CrowdStrike were worth $1,618,938,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of CrowdStrike by 1.0% during the third quarter. Vanguard Group Inc. now owns 14,717,715 shares of the company’s stock valued at $2,463,451,000 after acquiring an additional 150,898 shares during the last quarter. Morgan Stanley increased its position 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 acquiring an additional 2,757,251 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of CrowdStrike by 17.9% during the third quarter. Ameriprise Financial Inc. now owns 2,768,332 shares of the company’s stock valued at $463,482,000 after acquiring an additional 419,619 shares during the last quarter. FMR LLC increased its position in shares of CrowdStrike by 8.6% during the third quarter. FMR LLC now owns 1,864,511 shares of the company’s stock valued at $312,082,000 after acquiring an additional 147,757 shares during the last quarter. Finally, Northern Trust Corp increased its position in shares of CrowdStrike by 2.0% during the third quarter. Northern Trust Corp now owns 1,374,920 shares of the company’s stock valued at $230,134,000 after acquiring an additional 27,395 shares during the last quarter. 71.16% of the stock is owned by hedge funds and other institutional investors.

CrowdStrike Stock Performance

CRWD stock traded up $3.80 on Monday, hitting $286.44. The company’s stock had a trading volume of 983,276 shares, compared to its average volume of 3,583,870. The firm has a 50 day moving average of $317.72 and a two-hundred day moving average of $265.11. CrowdStrike Holdings, Inc. has a 1 year low of $115.67 and a 1 year high of $365.00. The stock has a market cap of $69.28 billion, a price-to-earnings ratio of 785.97, a price-to-earnings-growth ratio of 11.30 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 released its quarterly earnings results on Tuesday, March 5th. The company reported $0.24 EPS for the quarter, beating 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 firm had revenue of $845.34 million during the quarter, compared to the consensus estimate of $839.08 million. Equities analysts predict that CrowdStrike Holdings, Inc. will post 1.12 EPS for the current fiscal year.

Insiders Place Their Bets

In other CrowdStrike news, CAO Anurag Saha sold 1,019 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $325.80, for a total transaction of $331,990.20. Following the completion of the transaction, the chief accounting officer now owns 36,136 shares in the company, valued at approximately $11,773,108.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other CrowdStrike news, CAO Anurag Saha sold 1,019 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $325.80, for a total transaction of $331,990.20. Following the completion of the transaction, the chief accounting officer now owns 36,136 shares in the company, valued at approximately $11,773,108.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO George Kurtz sold 78,080 shares of the company’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $326.78, for a total transaction of $25,514,982.40. Following the transaction, the chief executive officer now owns 1,148,102 shares of the company’s stock, valued at approximately $375,176,771.56. The disclosure for this sale can be found here. In the last quarter, insiders sold 223,544 shares of company stock worth $72,113,932. 5.68% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on CRWD shares. Oppenheimer lifted their price target on shares of CrowdStrike from $300.00 to $355.00 and gave the company an “outperform” rating in a research report on Wednesday, March 6th. BTIG Research lifted their price target on shares of CrowdStrike from $322.00 to $432.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. KeyCorp dropped their price objective on shares of CrowdStrike from $430.00 to $376.00 and set an “overweight” rating for the company in a report on Thursday. Guggenheim lifted their price objective on shares of CrowdStrike from $358.00 to $424.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Finally, Sanford C. Bernstein assumed coverage on shares of CrowdStrike in a report on Thursday, January 18th. They issued an “outperform” rating and a $334.00 price objective for the company. One investment analyst has rated the stock with a hold rating and thirty-seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $371.87.

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.