Fifth Third Wealth Advisors LLC Boosts Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Fifth Third Wealth Advisors LLC boosted its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 1.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 14,894 shares of the company’s stock after acquiring an additional 173 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in CrowdStrike were worth $5,096,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of CRWD. Beacon Financial Advisory LLC bought a new position in CrowdStrike during the third quarter valued at $955,000. Sumitomo Mitsui Trust Group Inc. grew its position in shares of CrowdStrike by 10.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 846,189 shares of the company’s stock worth $237,331,000 after buying an additional 78,305 shares in the last quarter. Doliver Advisors LP increased its stake in shares of CrowdStrike by 223.2% during the third quarter. Doliver Advisors LP now owns 6,754 shares of the company’s stock valued at $1,894,000 after buying an additional 4,664 shares during the period. DekaBank Deutsche Girozentrale raised its holdings in shares of CrowdStrike by 0.7% in the third quarter. DekaBank Deutsche Girozentrale now owns 439,865 shares of the company’s stock valued at $124,644,000 after acquiring an additional 2,863 shares in the last quarter. Finally, Hemenway Trust Co LLC lifted its stake in CrowdStrike by 356.8% in the third quarter. Hemenway Trust Co LLC now owns 6,852 shares of the company’s stock worth $1,922,000 after acquiring an additional 5,352 shares during the period. Institutional investors own 71.16% of the company’s stock.

Insider Activity

In other news, CAO Anurag Saha sold 1,863 shares of CrowdStrike stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $358.46, for a total transaction of $667,810.98. Following the completion of the sale, the chief accounting officer now directly 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Burt W. Podbere sold 11,217 shares of the firm’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $358.14, for a total value of $4,017,256.38. Following the completion of the sale, the chief financial officer now owns 290,711 shares in the company, valued at approximately $104,115,237.54. This represents a 3.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 106,351 shares of company stock worth $37,515,473. Corporate insiders own 4.34% of the company’s stock.

CrowdStrike Trading Up 1.9 %

Shares of CRWD stock opened at $348.04 on Wednesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $398.33. The stock has a market capitalization of $85.73 billion, a P/E ratio of 682.44, a price-to-earnings-growth ratio of 19.75 and a beta of 1.11. The company has a 50 day moving average price of $353.83 and a 200 day moving average price of $312.46.

Analyst Ratings Changes

A number of analysts have weighed in on CRWD shares. Morgan Stanley upped their target price on CrowdStrike from $325.00 to $355.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. JMP Securities reiterated a “market outperform” rating and set a $400.00 price objective on shares of CrowdStrike in a research note on Monday, November 4th. Canaccord Genuity Group restated a “buy” rating and issued a $330.00 target price on shares of CrowdStrike in a research note on Monday, September 30th. Wedbush set a $330.00 price objective on CrowdStrike in a report on Thursday, October 17th. Finally, Stifel Nicolaus boosted their target price on CrowdStrike from $375.00 to $400.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, CrowdStrike presently has a consensus rating of “Moderate Buy” and a consensus target price of $365.88.

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.