Bank of Montreal Can Decreases Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Bank of Montreal Can reduced its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 1.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,453,654 shares of the company's stock after selling 49,414 shares during the quarter. Bank of Montreal Can owned approximately 1.40% of CrowdStrike worth $1,181,702,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of CRWD. Jacobi Capital Management LLC boosted its position in shares of CrowdStrike by 1.9% in the 4th quarter. Jacobi Capital Management LLC now owns 1,309 shares of the company's stock worth $448,000 after purchasing an additional 25 shares in the last quarter. Dorsey & Whitney Trust CO LLC raised its position in shares of CrowdStrike by 1.4% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 1,974 shares of the company's stock valued at $675,000 after purchasing an additional 27 shares during the last quarter. Wintrust Investments LLC grew its position in CrowdStrike by 4.2% during the 4th quarter. Wintrust Investments LLC now owns 719 shares of the company's stock worth $246,000 after purchasing an additional 29 shares during the last quarter. Synergy Financial Group LTD increased its stake in CrowdStrike by 0.8% during the 3rd quarter. Synergy Financial Group LTD now owns 3,950 shares of the company's stock valued at $1,108,000 after purchasing an additional 30 shares in the last quarter. Finally, Greenwich Wealth Management LLC increased its position in shares of CrowdStrike by 4.0% in the 4th quarter. Greenwich Wealth Management LLC now owns 776 shares of the company's stock valued at $265,000 after acquiring an additional 30 shares during the period. 71.16% of the stock is currently owned by institutional investors.

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Wall Street Analysts Forecast Growth

CRWD has been the topic of a number of research reports. Mizuho increased their price objective on shares of CrowdStrike from $385.00 to $450.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 12th. Rosenblatt Securities reiterated a "buy" rating and set a $450.00 price objective on shares of CrowdStrike in a research note on Wednesday, March 5th. Wells Fargo & Company upped their target price on CrowdStrike from $400.00 to $430.00 and gave the stock an "overweight" rating in a research note on Wednesday, March 5th. Westpark Capital reiterated a "hold" rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Finally, Raymond James lowered CrowdStrike from an "outperform" rating to a "cautious" rating in a research report on Monday, March 10th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, CrowdStrike presently has a consensus rating of "Moderate Buy" and a consensus price target of $400.88.

Insider Activity at CrowdStrike

In related news, President Michael Sentonas sold 13,543 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 $4,856,790.66. Following the completion of the transaction, the president now directly owns 405,308 shares of the company's stock, valued at $145,351,554.96. This represents a 3.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $354.91, for a total value of $1,419,640.00. Following the completion of the sale, the insider now directly owns 98,214 shares in the company, valued at $34,857,130.74. This represents a 3.91 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 120,801 shares of company stock worth $45,553,642 in the last three months. Insiders own 4.34% of the company's stock.

CrowdStrike Stock Performance

CrowdStrike stock traded down $6.72 during mid-day trading on Thursday, reaching $371.29. 2,504,710 shares of the company were exchanged, compared to its average volume of 4,973,251. The firm's 50-day simple moving average is $381.30 and its two-hundred day simple moving average is $353.63. CrowdStrike Holdings, Inc. has a twelve month low of $200.81 and a twelve month high of $455.59. The firm has a market cap of $92.03 billion, a PE ratio of 719.75, a price-to-earnings-growth ratio of 17.86 and a beta of 1.28. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86.

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.