Azimuth Capital Investment Management LLC Sells 8,824 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Azimuth Capital Investment Management LLC lessened its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 21.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,676 shares of the company's stock after selling 8,824 shares during the period. Azimuth Capital Investment Management LLC's holdings in CrowdStrike were worth $10,838,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Empirical Asset Management LLC acquired a new position in CrowdStrike during the fourth quarter worth $11,310,000. Arcadia Investment Management Corp MI boosted its stake in shares of CrowdStrike by 30.8% during the 4th quarter. Arcadia Investment Management Corp MI now owns 11,954 shares of the company's stock worth $4,090,000 after buying an additional 2,814 shares during the last quarter. Greenleaf Trust grew its holdings in shares of CrowdStrike by 53.4% in the 4th quarter. Greenleaf Trust now owns 2,967 shares of the company's stock valued at $1,015,000 after acquiring an additional 1,033 shares in the last quarter. Trifecta Capital Advisors LLC increased its position in shares of CrowdStrike by 2,140.3% in the fourth quarter. Trifecta Capital Advisors LLC now owns 8,961 shares of the company's stock valued at $3,066,000 after acquiring an additional 8,561 shares during the last quarter. Finally, Fifth Third Bancorp raised its holdings in CrowdStrike by 42.6% during the fourth quarter. Fifth Third Bancorp now owns 44,609 shares of the company's stock worth $15,263,000 after acquiring an additional 13,323 shares in the last quarter. Institutional investors and hedge funds own 71.16% of the company's stock.

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Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. upped their price objective on CrowdStrike from $418.00 to $450.00 and gave the stock an "overweight" rating in a research note on Friday, February 28th. BMO Capital Markets boosted their price objective on shares of CrowdStrike from $380.00 to $405.00 and gave the stock an "outperform" rating in a research note on Wednesday, March 5th. BTIG Research raised shares of CrowdStrike from a "neutral" rating to a "buy" rating and set a $431.00 target price on the stock in a report on Tuesday, March 25th. Stephens assumed coverage on CrowdStrike in a research report on Tuesday, April 1st. They set an "overweight" rating and a $450.00 price target on the stock. Finally, The Goldman Sachs Group reaffirmed a "buy" rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, thirty have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $400.88.

Insider Transactions at CrowdStrike

In other news, CAO Anurag Saha sold 1,496 shares of the stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $358.62, for a total transaction of $536,495.52. Following the transaction, the chief accounting officer now owns 36,165 shares of the company's stock, valued at $12,969,492.30. This represents a 3.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President Michael Sentonas sold 13,543 shares of the business's stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $358.62, for a total value of $4,856,790.66. Following the completion of the sale, the president now directly owns 405,308 shares of the company's stock, valued at $145,351,554.96. The trade was a 3.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 120,801 shares of company stock valued at $45,553,642. Corporate insiders own 4.34% of the company's stock.

CrowdStrike Trading Up 2.5 %

NASDAQ CRWD traded up $9.29 during mid-day trading on Friday, reaching $377.90. 3,378,070 shares of the stock were exchanged, compared to its average volume of 5,010,197. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. The stock has a market cap of $93.67 billion, a P/E ratio of 740.99, a P/E/G ratio of 17.86 and a beta of 1.28. The stock has a 50 day simple moving average of $380.13 and a 200-day simple moving average of $355.34. CrowdStrike Holdings, Inc. has a one year low of $200.81 and a one year high of $455.59.

About CrowdStrike

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.