Independent Solutions Wealth Management LLC Sells 7,132 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Independent Solutions Wealth Management LLC cut its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 68.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,334 shares of the company's stock after selling 7,132 shares during the period. Independent Solutions Wealth Management LLC's holdings in CrowdStrike were worth $935,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CRWD. Abich Financial Wealth Management LLC bought a new stake in CrowdStrike in the 2nd quarter valued at $25,000. Oakworth Capital Inc. acquired a new position in shares of CrowdStrike during the third quarter worth about $28,000. Tsfg LLC grew its holdings in shares of CrowdStrike by 593.3% during the third quarter. Tsfg LLC now owns 104 shares of the company's stock worth $29,000 after buying an additional 89 shares in the last quarter. Family Firm Inc. acquired a new stake in CrowdStrike in the 2nd quarter valued at approximately $30,000. Finally, Castleview Partners LLC bought a new stake in CrowdStrike in the 3rd quarter valued at approximately $32,000. 71.16% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CAO Anurag Saha sold 1,683 shares of CrowdStrike stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $297.28, for a total value of $500,322.24. Following the transaction, the chief accounting officer now directly owns 38,962 shares of the company's stock, valued at $11,582,623.36. This trade represents a 4.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Shawn Henry sold 4,500 shares of the company's stock in a transaction on Monday, December 16th. The stock was sold at an average price of $368.14, for a total value of $1,656,630.00. Following the sale, the insider now owns 115,798 shares of the company's stock, valued at $42,629,875.72. The trade was a 3.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 144,498 shares of company stock worth $45,599,730. Company insiders own 4.34% of the company's stock.

CrowdStrike Price Performance

NASDAQ CRWD traded up $1.85 during midday trading on Thursday, hitting $351.03. The company had a trading volume of 4,318,526 shares, compared to its average volume of 4,936,633. The firm has a 50-day moving average price of $336.05 and a 200-day moving average price of $315.15. The company has a market capitalization of $86.46 billion, a PE ratio of 688.31, a P/E/G ratio of 19.48 and a beta of 1.11. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. CrowdStrike Holdings, Inc. has a twelve month low of $200.81 and a twelve month high of $398.33.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on CRWD shares. Susquehanna raised their price target on shares of CrowdStrike from $310.00 to $400.00 and gave the stock a "positive" rating in a research note on Wednesday, November 27th. Morgan Stanley lifted their price target on shares of CrowdStrike from $325.00 to $355.00 and gave the company an "overweight" rating in a research note on Monday, November 18th. CICC Research started coverage on shares of CrowdStrike in a research note on Monday, November 18th. They set a "market perform" rating and a $295.00 price objective for the company. UBS Group lowered their target price on CrowdStrike from $330.00 to $310.00 and set a "buy" rating on the stock in a research report on Thursday, August 29th. Finally, Cantor Fitzgerald increased their price target on CrowdStrike from $350.00 to $370.00 and gave the company an "overweight" rating in a research report on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have assigned a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, CrowdStrike currently has an average rating of "Moderate Buy" and an average target price of $361.25.

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.