Anomaly Capital Management LP Sells 234,892 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Anomaly Capital Management LP lowered its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 47.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 260,562 shares of the company's stock after selling 234,892 shares during the period. CrowdStrike comprises about 2.6% of Anomaly Capital Management LP's portfolio, making the stock its 16th biggest position. Anomaly Capital Management LP owned about 0.11% of CrowdStrike worth $89,154,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of CRWD. Vanguard Group Inc. raised its position in CrowdStrike by 1.6% during the 4th 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 last quarter. Jennison Associates LLC raised its position in shares of 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 acquiring an additional 352,180 shares during the last quarter. Geode Capital Management LLC raised its position in shares of CrowdStrike by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 5,018,441 shares of the company's stock worth $1,712,063,000 after acquiring an additional 124,984 shares during the last quarter. Norges Bank acquired a new position in shares of CrowdStrike in the fourth quarter worth approximately $1,111,542,000. Finally, FMR LLC boosted its holdings in CrowdStrike by 15.0% in the fourth quarter. FMR LLC now owns 2,204,171 shares of the company's stock valued at $754,179,000 after acquiring an additional 287,960 shares during the last quarter. Institutional investors and hedge funds own 71.16% of the company's stock.

CrowdStrike Stock Performance

Shares of NASDAQ CRWD traded up $10.83 during trading on Friday, reaching $424.88. 3,330,958 shares of the stock traded hands, compared to its average volume of 5,041,698. 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 capitalization of $105.32 billion, a P/E ratio of 833.11, a price-to-earnings-growth ratio of 17.86 and a beta of 1.28. CrowdStrike Holdings, Inc. has a 52-week low of $200.81 and a 52-week high of $455.59. The company has a 50-day moving average of $370.57 and a 200-day moving average of $360.43.

Analysts Set New Price Targets

Several research analysts have issued reports on CRWD shares. Royal Bank of Canada restated an "outperform" rating on shares of CrowdStrike in a report on Wednesday, March 5th. Morgan Stanley lowered their target price on shares of CrowdStrike from $429.00 to $415.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Susquehanna upped their price target on shares of CrowdStrike from $400.00 to $425.00 and gave the company a "positive" rating in a research report on Wednesday, March 5th. Canaccord Genuity Group lifted their price objective on CrowdStrike from $370.00 to $420.00 and gave the stock a "buy" rating in a research report on Monday, March 3rd. Finally, Westpark Capital restated a "hold" rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $400.76.

Insider Activity at CrowdStrike

In related news, Director Johanna Flower sold 2,974 shares of the business's stock in a transaction on Monday, April 21st. The stock was sold at an average price of $362.48, for a total transaction of $1,078,015.52. Following the sale, the director now directly owns 82,875 shares in the company, valued at approximately $30,040,530. The trade was a 3.46 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed 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 transaction, the chief accounting officer now directly owns 36,165 shares of the company's stock, valued at $12,969,492.30. The trade was a 3.97 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 122,375 shares of company stock worth $46,197,236. Company insiders own 4.34% of the company's stock.

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.