Burney Co. Sells 1,576 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Burney Co. lowered its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 42.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,171 shares of the company's stock after selling 1,576 shares during the period. Burney Co.'s holdings in CrowdStrike were worth $743,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Synergy Financial Group LTD boosted its holdings in CrowdStrike by 0.8% in 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. Meridian Financial Partners LLC boosted its stake in shares of CrowdStrike by 0.6% in the fourth quarter. Meridian Financial Partners LLC now owns 5,595 shares of the company's stock valued at $1,914,000 after buying an additional 33 shares in the last quarter. Sunpointe LLC grew its holdings in CrowdStrike by 3.1% during the third quarter. Sunpointe LLC now owns 1,131 shares of the company's stock worth $317,000 after acquiring an additional 34 shares during the period. Hilltop Holdings Inc. raised its position in CrowdStrike by 1.8% in the third quarter. Hilltop Holdings Inc. now owns 1,932 shares of the company's stock worth $542,000 after acquiring an additional 34 shares in the last quarter. Finally, Interchange Capital Partners LLC lifted its stake in shares of CrowdStrike by 1.1% in the third quarter. Interchange Capital Partners LLC now owns 3,694 shares of the company's stock valued at $1,036,000 after purchasing an additional 39 shares during the period. 71.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on CRWD. Wedbush set a $330.00 target price on CrowdStrike in a research report on Thursday, October 17th. Royal Bank of Canada boosted their target price on CrowdStrike from $365.00 to $420.00 and gave the stock an "outperform" rating in a report on Friday, January 3rd. Oppenheimer lifted their price target on shares of CrowdStrike from $365.00 to $410.00 and gave the company an "outperform" rating in a research report on Wednesday, November 27th. Robert W. Baird raised their target price on CrowdStrike from $375.00 to $390.00 and gave the company an "outperform" rating in a report on Wednesday, November 27th. Finally, HSBC cut CrowdStrike from a "buy" rating to a "hold" rating and set a $347.00 price target for the company. in a report on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have given a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $366.38.

Insider Activity

In other news, CFO Burt W. Podbere sold 11,217 shares of CrowdStrike stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $358.14, for a total transaction of $4,017,256.38. Following the completion of the sale, the chief financial officer now owns 290,711 shares in the company, valued at $104,115,237.54. The trade was a 3.72 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Anurag Saha sold 1,863 shares of the firm's stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $358.46, for a total value of $667,810.98. Following the transaction, the chief accounting officer now owns 41,059 shares in the company, valued at approximately $14,718,009.14. This trade represents a 4.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 110,351 shares of company stock worth $38,935,113 in the last three months. 4.34% of the stock is owned by insiders.

CrowdStrike Stock Down 1.8 %

Shares of NASDAQ CRWD traded down $6.38 during mid-day trading on Friday, reaching $357.00. The company had a trading volume of 5,025,151 shares, compared to its average volume of 2,670,549. The stock has a market capitalization of $87.93 billion, a PE ratio of 700.01, a price-to-earnings-growth ratio of 18.55 and a beta of 1.14. CrowdStrike Holdings, Inc. has a twelve month low of $200.81 and a twelve month high of $398.33. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. The stock's 50 day moving average is $355.86 and its 200-day moving average is $312.92.

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.