Blue Trust Inc. Trims Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Blue Trust Inc. decreased its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 65.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,052 shares of the company's stock after selling 2,003 shares during the period. Blue Trust Inc.'s holdings in CrowdStrike were worth $360,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Vicus Capital acquired a new stake in CrowdStrike in the 4th quarter valued at about $236,000. Palacios Wealth Management LLC acquired a new stake in CrowdStrike in the 4th quarter valued at about $2,620,000. Bogart Wealth LLC raised its holdings in CrowdStrike by 27.4% in the 4th quarter. Bogart Wealth LLC now owns 740 shares of the company's stock valued at $253,000 after acquiring an additional 159 shares during the last quarter. Catalyst Financial Partners LLC raised its holdings in CrowdStrike by 24.5% in the 4th quarter. Catalyst Financial Partners LLC now owns 1,037 shares of the company's stock valued at $355,000 after acquiring an additional 204 shares during the last quarter. Finally, PrairieView Partners LLC raised its holdings in CrowdStrike by 9.7% in the 4th quarter. PrairieView Partners LLC now owns 452 shares of the company's stock valued at $154,000 after acquiring an additional 40 shares during the last quarter. Institutional investors and hedge funds own 71.16% of the company's stock.

Insider Transactions at CrowdStrike

In other news, CAO Anurag Saha sold 1,863 shares of CrowdStrike stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $358.46, for a total transaction of $667,810.98. Following the completion of the sale, the chief accounting officer now directly owns 41,059 shares of the company's stock, valued at approximately $14,718,009.14. The trade was a 4.34 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gerhard Watzinger sold 30,000 shares of the business's stock in a transaction on Friday, November 29th. The shares were sold at an average price of $348.93, for a total transaction of $10,467,900.00. Following the completion of the sale, the director now directly owns 42,391 shares of the company's stock, valued at approximately $14,791,491.63. This trade represents a 41.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 136,565 shares of company stock valued at $51,038,529. Insiders own 4.34% of the company's stock.

Analysts Set New Price Targets

CRWD has been the subject of a number of recent research reports. JMP Securities reiterated a "market outperform" rating and issued a $400.00 price objective on shares of CrowdStrike in a report on Monday, November 4th. UBS Group cut shares of CrowdStrike from a "buy" rating to a "cautious" rating in a research note on Wednesday, February 5th. Baird R W cut shares of CrowdStrike from a "strong-buy" rating to a "hold" rating in a research note on Monday, February 3rd. Morgan Stanley increased their price target on shares of CrowdStrike from $390.00 to $429.00 and gave the company an "overweight" rating in a research note on Wednesday. Finally, Westpark Capital reissued a "hold" rating on shares of CrowdStrike in a research note on Monday, November 25th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-eight have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $383.08.

CrowdStrike Stock Down 6.8 %

Shares of CrowdStrike stock traded down $29.53 during trading on Friday, hitting $406.61. 5,588,416 shares of the stock were exchanged, compared to its average volume of 3,150,410. The stock has a market cap of $100.15 billion, a price-to-earnings ratio of 797.30, a price-to-earnings-growth ratio of 17.86 and a beta of 1.16. The firm's 50-day moving average price is $384.76 and its 200 day moving average price is $330.35. CrowdStrike Holdings, Inc. has a 12-month low of $200.81 and a 12-month high of $455.59. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86.

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.