CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Sold by Lewis Asset Management LLC

Lewis Asset Management LLC trimmed its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 14.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,468 shares of the company's stock after selling 1,124 shares during the period. CrowdStrike makes up about 1.7% of Lewis Asset Management LLC's portfolio, making the stock its 13th biggest position. Lewis Asset Management LLC's holdings in CrowdStrike were worth $2,213,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Jennison Associates LLC grew its holdings in shares of CrowdStrike by 25.0% during the third quarter. Jennison Associates LLC now owns 5,068,800 shares of the company's stock worth $1,421,646,000 after buying an additional 1,013,161 shares in the last quarter. International Assets Investment Management LLC grew its holdings in shares of CrowdStrike by 17,926.3% during the third quarter. International Assets Investment Management LLC now owns 925,831 shares of the company's stock worth $259,668,000 after buying an additional 920,695 shares in the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of CrowdStrike by 1,655.9% during the third quarter. Daiwa Securities Group Inc. now owns 755,951 shares of the company's stock worth $212,021,000 after buying an additional 712,900 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of CrowdStrike by 248.6% during the third quarter. Assenagon Asset Management S.A. now owns 521,198 shares of the company's stock worth $146,180,000 after buying an additional 371,695 shares in the last quarter. Finally, State Street Corp boosted its position in shares of CrowdStrike by 2.9% during the 3rd quarter. State Street Corp now owns 9,630,776 shares of the company's stock valued at $2,701,144,000 after acquiring an additional 275,717 shares during the last quarter. 71.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CRWD has been the subject of a number of analyst reports. The Goldman Sachs Group upped their price objective on shares of CrowdStrike from $372.00 to $415.00 and gave the company a "buy" rating in a report on Tuesday, December 24th. Hsbc Global Res lowered shares of CrowdStrike from a "strong-buy" rating to a "hold" rating in a report on Wednesday, November 27th. HSBC lowered shares of CrowdStrike from a "buy" rating to a "hold" rating and set a $347.00 target price for the company. in a research note on Wednesday, November 27th. Susquehanna increased their target price 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. Finally, Jefferies Financial Group increased their target price on shares of CrowdStrike from $415.00 to $450.00 and gave the stock a "buy" rating in a research note on Thursday, December 19th. 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 assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $369.00.

CrowdStrike Price Performance

CRWD stock traded down $0.20 during trading on Thursday, hitting $396.87. The stock had a trading volume of 2,779,070 shares, compared to its average volume of 3,285,356. The company's 50 day moving average price is $361.31 and its two-hundred day moving average price is $312.25. CrowdStrike Holdings, Inc. has a 1-year low of $200.81 and a 1-year high of $411.30. The stock has a market cap of $97.75 billion, a price-to-earnings ratio of 778.19, a price-to-earnings-growth ratio of 20.07 and a beta of 1.14. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86.

Insider Activity

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the company's stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $354.91, for a total value of $1,419,640.00. Following the completion of the transaction, the insider now owns 98,214 shares in the company, valued at $34,857,130.74. This represents a 3.91 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Michael Sentonas sold 10,801 shares of the company's stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $358.47, for a total value of $3,871,834.47. Following the completion of the transaction, the president now owns 389,589 shares of the company's stock, valued at approximately $139,655,968.83. This represents a 2.70 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 110,351 shares of company stock valued at $38,935,113 in the last 90 days. 4.34% of the stock is currently owned by insiders.

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.