Alliancebernstein L.P. Trims Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Alliancebernstein L.P. trimmed its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 7.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 300,352 shares of the company's stock after selling 22,622 shares during the period. Alliancebernstein L.P. owned about 0.12% of CrowdStrike worth $102,768,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Berbice Capital Management LLC acquired a new position in CrowdStrike during the fourth quarter worth $27,000. Fortitude Family Office LLC lifted its position in CrowdStrike by 112.8% during the 4th quarter. Fortitude Family Office LLC now owns 83 shares of the company's stock worth $28,000 after buying an additional 44 shares in the last quarter. FPC Investment Advisory Inc. boosted its stake in shares of CrowdStrike by 811.1% during the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company's stock worth $28,000 after buying an additional 73 shares during the last quarter. Luken Investment Analytics LLC bought a new position in shares of CrowdStrike in the 4th quarter valued at about $34,000. Finally, Crowley Wealth Management Inc. acquired a new stake in shares of CrowdStrike in the fourth quarter valued at about $34,000. 71.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on CRWD shares. DA Davidson raised their price target on CrowdStrike from $395.00 to $415.00 and gave the company a "buy" rating in a research note on Wednesday, March 5th. Needham & Company LLC restated a "buy" rating and set a $420.00 target price on shares of CrowdStrike in a report on Wednesday, March 5th. Baird R W lowered shares of CrowdStrike from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 3rd. Cantor Fitzgerald reissued an "overweight" rating and issued a $440.00 price objective on shares of CrowdStrike in a research report on Wednesday, March 5th. Finally, Guggenheim reaffirmed a "neutral" rating on shares of CrowdStrike in a report on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, thirty have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $400.88.

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CrowdStrike Trading Down 7.4 %

NASDAQ:CRWD traded down $25.76 during midday trading on Friday, hitting $321.63. 7,015,170 shares of the company traded hands, compared to its average volume of 4,917,033. 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 firm's fifty day moving average is $387.24 and its 200-day moving average is $351.01. The firm has a market capitalization of $79.72 billion, a P/E ratio of 630.66, a P/E/G ratio of 17.86 and a beta of 1.28. CrowdStrike Holdings, Inc. has a 12-month low of $200.81 and a 12-month high of $455.59.

Insider Buying and Selling

In related news, CEO George Kurtz sold 22,449 shares of the firm's stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $358.68, for a total transaction of $8,052,007.32. Following the completion of the sale, the chief executive officer now directly owns 2,178,452 shares of the company's stock, valued at approximately $781,367,163.36. This trade represents a 1.02 % 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, President Michael Sentonas sold 13,543 shares of the company's stock in a transaction on 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 transaction, the president now directly owns 405,308 shares in the company, valued at $145,351,554.96. This trade represents a 3.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 114,551 shares of company stock valued at $43,527,642 in the last ninety days. 4.34% of the stock is owned by company insiders.

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.