Assenagon Asset Management S.A. Purchases 215,986 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Assenagon Asset Management S.A. boosted its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 41.4% during the fourth quarter, HoldingsChannel reports. The fund owned 737,184 shares of the company’s stock after buying an additional 215,986 shares during the quarter. Assenagon Asset Management S.A.’s holdings in CrowdStrike were worth $252,235,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in the business. Quest Partners LLC purchased a new position in shares of CrowdStrike in the second quarter valued at $104,000. Wealthspire Advisors LLC grew its holdings in CrowdStrike by 9.8% during the 2nd quarter. Wealthspire Advisors LLC now owns 1,272 shares of the company’s stock valued at $487,000 after buying an additional 114 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of CrowdStrike by 6.8% during the second quarter. Envestnet Asset Management Inc. now owns 339,137 shares of the company’s stock valued at $129,954,000 after buying an additional 21,590 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of CrowdStrike by 18.0% in the second quarter. Massachusetts Financial Services Co. MA now owns 4,532 shares of the company’s stock worth $1,737,000 after buying an additional 691 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of CrowdStrike by 54.6% in the second quarter. Dimensional Fund Advisors LP now owns 286,183 shares of the company’s stock valued at $109,670,000 after acquiring an additional 101,079 shares during the period. 71.16% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CAO Anurag Saha sold 1,863 shares of the stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $358.46, for a total value of $667,810.98. Following the completion of the transaction, the chief accounting officer now owns 41,059 shares of the company’s stock, valued at approximately $14,718,009.14. This represents a 4.34 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Sameer K. Gandhi sold 5,036 shares of CrowdStrike stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $320.48, for a total value of $1,613,937.28. Following the sale, the director now owns 816,730 shares in the company, valued at $261,745,630.40. This represents a 0.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 106,351 shares of company stock worth $37,515,473. 4.34% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Barclays upped their target price on shares of CrowdStrike from $295.00 to $372.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. Needham & Company LLC upped their price target on shares of CrowdStrike from $360.00 to $420.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Bank of America lifted their price objective on CrowdStrike from $365.00 to $400.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Stifel Nicolaus upped 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. Finally, Truist Financial lifted their price target on CrowdStrike from $375.00 to $385.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $365.88.

CrowdStrike Stock Performance

Shares of CRWD stock opened at $348.04 on Wednesday. The firm has a market capitalization of $85.73 billion, a price-to-earnings ratio of 682.44, a PEG ratio of 19.75 and a beta of 1.11. The stock has a fifty day moving average of $353.83 and a 200 day moving average of $312.46. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week high of $398.33. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24.

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.