Federated Hermes Inc. Sells 102,801 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Federated Hermes Inc. trimmed its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 26.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 288,062 shares of the company's stock after selling 102,801 shares during the quarter. Federated Hermes Inc. owned 0.12% of CrowdStrike worth $98,563,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Norges Bank bought a new position in CrowdStrike during the fourth quarter worth about $1,111,542,000. Raymond James Financial Inc. bought a new stake in shares of CrowdStrike during the 4th quarter valued at $237,375,000. Amundi boosted its holdings in CrowdStrike by 41.9% during the fourth quarter. Amundi now owns 1,382,952 shares of the company's stock worth $496,093,000 after buying an additional 408,190 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of CrowdStrike by 2,586.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 418,094 shares of the company's stock worth $143,055,000 after purchasing an additional 402,531 shares in the last quarter. Finally, Franklin Resources Inc. lifted its holdings in shares of CrowdStrike by 36.5% during the 4th quarter. Franklin Resources Inc. now owns 1,378,856 shares of the company's stock valued at $471,789,000 after purchasing an additional 368,931 shares in the last quarter. Institutional investors and hedge funds own 71.16% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on CRWD. Wells Fargo & Company lifted their target price on CrowdStrike from $400.00 to $430.00 and gave the company an "overweight" rating in a research report on Wednesday, March 5th. Wedbush boosted their target price on shares of CrowdStrike from $390.00 to $395.00 and gave the company an "outperform" rating in a research report on Wednesday, March 5th. BMO Capital Markets boosted their price target on CrowdStrike from $380.00 to $405.00 and gave the company an "outperform" rating in a research note on Wednesday, March 5th. Morgan Stanley set a $429.00 price objective on CrowdStrike in a research report on Tuesday, March 18th. Finally, Evercore ISI increased their price target on CrowdStrike from $400.00 to $450.00 and gave the company an "outperform" rating in a research note on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, CrowdStrike has a consensus rating of "Moderate Buy" and an average target price of $400.88.

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CrowdStrike Price Performance

Shares of CRWD traded down $14.55 during mid-day trading on Thursday, hitting $363.46. 2,264,565 shares of the company traded hands, compared to its average volume of 4,972,017. The stock has a market capitalization of $90.09 billion, a price-to-earnings ratio of 712.85, a PEG ratio of 17.86 and a beta of 1.28. CrowdStrike Holdings, Inc. has a one year low of $200.81 and a one year high of $455.59. 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 business has a 50-day moving average of $381.30 and a 200 day moving average of $353.63.

Insider Buying and Selling

In other news, Director Sameer K. Gandhi sold 6,250 shares of the firm's stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $324.16, for a total value of $2,026,000.00. Following the completion of the sale, the director now directly owns 768,092 shares of the company's stock, valued at $248,984,702.72. This trade represents a 0.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Gerhard Watzinger sold 10,000 shares of the firm's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $359.57, for a total transaction of $3,595,700.00. Following the transaction, the director now directly owns 62,891 shares in the company, valued at approximately $22,613,716.87. This represents a 13.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 120,801 shares of company stock valued at $45,553,642. 4.34% of the stock is owned by corporate insiders.

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.