Kesler Norman & Wride LLC Cuts Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Kesler Norman & Wride LLC reduced its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 52.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,485 shares of the company's stock after selling 1,626 shares during the quarter. Kesler Norman & Wride LLC's holdings in CrowdStrike were worth $508,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of CrowdStrike by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 21,926,011 shares of the company's stock worth $7,502,204,000 after purchasing an additional 342,294 shares during the period. State Street Corp raised its holdings in CrowdStrike by 2.9% during the third quarter. State Street Corp now owns 9,630,776 shares of the company's stock worth $2,701,144,000 after buying an additional 275,717 shares during the last quarter. Jennison Associates LLC raised its holdings in CrowdStrike by 6.9% during the fourth quarter. Jennison Associates LLC now owns 5,420,980 shares of the company's stock worth $1,854,843,000 after buying an additional 352,180 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of CrowdStrike by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 5,018,441 shares of the company's stock valued at $1,712,063,000 after buying an additional 124,984 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of CrowdStrike during the fourth quarter valued at about $1,111,542,000. 71.16% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

Several brokerages recently weighed in on CRWD. Bank of America raised their price target on shares of CrowdStrike from $400.00 to $420.00 and gave the company a "buy" rating in a research report on Wednesday, February 26th. Rosenblatt Securities reaffirmed a "buy" rating and set a $450.00 target price on shares of CrowdStrike in a research report on Wednesday, March 5th. DA Davidson upped their price target on CrowdStrike from $395.00 to $415.00 and gave the stock a "buy" rating in a report on Wednesday, March 5th. Jefferies Financial Group dropped their price objective on CrowdStrike from $425.00 to $410.00 and set a "buy" rating on the stock in a research note on Monday. Finally, Cantor Fitzgerald reiterated an "overweight" rating and issued a $440.00 target price on shares of CrowdStrike in a research note on Wednesday, March 5th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirty have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $400.88.

CrowdStrike Stock Performance

Shares of NASDAQ:CRWD traded down $25.76 during midday trading on Friday, reaching $321.63. 7,015,170 shares of the company traded hands, compared to its average volume of 4,917,049. CrowdStrike Holdings, Inc. has a 12 month low of $200.81 and a 12 month high of $455.59. The firm's fifty day moving average price is $387.24 and its two-hundred day moving average price is $351.01. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $79.72 billion, a price-to-earnings ratio of 630.66, a price-to-earnings-growth ratio of 17.86 and a beta of 1.28.

Insider Activity

In other CrowdStrike news, insider Shawn Henry sold 2,547 shares of the company's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $365.96, for a total value of $932,100.12. Following the transaction, the insider now directly owns 82,071 shares in the company, valued at $30,034,703.16. This represents a 3.01 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Anurag Saha sold 1,496 shares of CrowdStrike stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $358.62, for a total value of $536,495.52. Following the sale, the chief accounting officer now owns 36,165 shares of the company's stock, valued at approximately $12,969,492.30. This trade represents a 3.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 114,551 shares of company stock worth $43,527,642 over the last ninety days. Company insiders own 4.34% of the company's stock.

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.