Empowered Funds LLC Reduces Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Empowered Funds LLC lessened its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 77.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,643 shares of the company's stock after selling 16,345 shares during the quarter. Empowered Funds LLC's holdings in CrowdStrike were worth $1,589,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Berbice Capital Management LLC acquired a new stake in shares of CrowdStrike during the 4th quarter valued at about $27,000. Fortitude Family Office LLC boosted its position in CrowdStrike by 112.8% during the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company's stock worth $28,000 after purchasing an additional 44 shares in the last quarter. Oakworth Capital Inc. acquired a new stake in CrowdStrike in the third quarter valued at approximately $28,000. Luken Investment Analytics LLC purchased a new stake in shares of CrowdStrike in the fourth quarter valued at approximately $34,000. Finally, Castleview Partners LLC acquired a new position in shares of CrowdStrike during the 3rd quarter worth approximately $32,000. Hedge funds and other institutional investors own 71.16% of the company's stock.

CrowdStrike Trading Down 1.1 %

Shares of CRWD stock traded down $5.20 on Wednesday, hitting $450.16. The stock had a trading volume of 2,030,801 shares, compared to its average volume of 3,082,501. The company's 50 day moving average price is $380.83 and its 200-day moving average price is $326.77. CrowdStrike Holdings, Inc. has a 1 year low of $200.81 and a 1 year 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. The firm has a market capitalization of $110.88 billion, a P/E ratio of 882.68, a P/E/G ratio of 18.50 and a beta of 1.16.

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Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on CRWD shares. The Goldman Sachs Group lifted their price target on shares of CrowdStrike from $372.00 to $415.00 and gave the company a "buy" rating in a research note on Tuesday, December 24th. BMO Capital Markets lifted their target price on shares of CrowdStrike from $315.00 to $380.00 and gave the company an "outperform" rating in a research report on Wednesday, November 27th. Truist Financial upped their price target on shares of CrowdStrike from $385.00 to $460.00 and gave the stock a "buy" rating in a research report on Wednesday, February 12th. Citigroup raised their price target on shares of CrowdStrike from $400.00 to $420.00 and gave the company a "buy" rating in a research note on Friday, January 17th. Finally, Royal Bank of Canada boosted their price objective on CrowdStrike from $365.00 to $420.00 and gave the stock an "outperform" rating in a research note on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat, CrowdStrike has a consensus rating of "Moderate Buy" and an average price target of $379.73.

Insiders Place Their Bets

In related news, CAO Anurag Saha sold 1,863 shares of the company's stock in a transaction that occurred 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 sale, the chief accounting officer now directly owns 41,059 shares of the company's stock, valued at $14,718,009.14. This represents a 4.34 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Sameer K. Gandhi sold 17,120 shares of the firm's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $428.13, for a total transaction of $7,329,585.60. Following the completion of the transaction, the director now directly owns 780,592 shares of the company's stock, valued at $334,194,852.96. This represents a 2.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 132,565 shares of company stock worth $49,235,849 over the last three months. 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.