Allspring Global Investments Holdings LLC Sells 8,134 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Allspring Global Investments Holdings LLC reduced its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 10.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 72,753 shares of the company's stock after selling 8,134 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in CrowdStrike were worth $25,256,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Berbice Capital Management LLC purchased a new stake in shares of CrowdStrike in the fourth quarter valued at about $27,000. Oakworth Capital Inc. bought a new stake in CrowdStrike in the 3rd quarter worth about $28,000. Fortitude Family Office LLC increased its stake in CrowdStrike by 112.8% in the 4th quarter. Fortitude Family Office LLC now owns 83 shares of the company's stock valued at $28,000 after buying an additional 44 shares during the last quarter. Castleview Partners LLC bought a new position in shares of CrowdStrike during the 3rd quarter worth approximately $32,000. Finally, Luken Investment Analytics LLC purchased a new position in shares of CrowdStrike in the 4th quarter worth approximately $34,000. 71.16% of the stock is currently owned by institutional investors.

CrowdStrike Price Performance

Shares of NASDAQ:CRWD traded down $5.20 during trading on Wednesday, reaching $450.16. The company had a trading volume of 2,030,801 shares, compared to its average volume of 3,082,501. CrowdStrike Holdings, Inc. has a 12 month low of $200.81 and a 12 month high of $455.59. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $110.88 billion, a P/E ratio of 882.68, a price-to-earnings-growth ratio of 18.50 and a beta of 1.16. The company has a fifty day moving average of $380.83 and a two-hundred day moving average of $326.77.

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Insider Activity at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,500 shares of the company's stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $368.14, for a total value of $1,656,630.00. Following the completion of the sale, the insider now owns 115,798 shares of the company's stock, valued at $42,629,875.72. This represents a 3.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sameer K. Gandhi sold 17,120 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $428.13, for a total transaction of $7,329,585.60. Following the transaction, the director now owns 780,592 shares in the company, valued at $334,194,852.96. The trade was a 2.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 132,565 shares of company stock valued at $49,235,849 over the last 90 days. 4.34% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

CRWD has been the topic of a number of recent analyst reports. Baird R W lowered CrowdStrike from a "strong-buy" rating to a "hold" rating in a report on Monday, February 3rd. KeyCorp boosted their price target on shares of CrowdStrike from $395.00 to $480.00 and gave the stock an "overweight" rating in a report on Tuesday, February 11th. Wells Fargo & Company raised their price objective on shares of CrowdStrike from $350.00 to $400.00 and gave the stock an "overweight" rating in a report on Wednesday, November 27th. Evercore ISI lifted their price objective on shares of CrowdStrike from $325.00 to $400.00 and gave the stock an "outperform" rating in a research report on Monday, November 25th. Finally, JPMorgan Chase & Co. increased their target price on shares of CrowdStrike from $372.00 to $418.00 and gave the company an "overweight" rating in a research report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, CrowdStrike presently has an average rating of "Moderate Buy" and a consensus target price of $379.73.

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.