Phoenix Financial Ltd. Cuts Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Phoenix Financial Ltd. lowered its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 32.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,794 shares of the company's stock after selling 2,734 shares during the period. Phoenix Financial Ltd.'s holdings in CrowdStrike were worth $1,982,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CRWD. Empirical Asset Management LLC bought a new stake in CrowdStrike during the 4th quarter worth approximately $11,310,000. Arcadia Investment Management Corp MI raised its position in CrowdStrike by 30.8% during the 4th quarter. Arcadia Investment Management Corp MI now owns 11,954 shares of the company's stock worth $4,090,000 after purchasing an additional 2,814 shares during the last quarter. Greenleaf Trust lifted its holdings in CrowdStrike by 53.4% during the 4th quarter. Greenleaf Trust now owns 2,967 shares of the company's stock worth $1,015,000 after buying an additional 1,033 shares during the period. Trifecta Capital Advisors LLC grew its position in shares of CrowdStrike by 2,140.3% in the 4th quarter. Trifecta Capital Advisors LLC now owns 8,961 shares of the company's stock valued at $3,066,000 after buying an additional 8,561 shares during the last quarter. Finally, Fifth Third Bancorp increased its stake in shares of CrowdStrike by 42.6% in the fourth quarter. Fifth Third Bancorp now owns 44,609 shares of the company's stock valued at $15,263,000 after buying an additional 13,323 shares during the period. Institutional investors own 71.16% of the company's stock.

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CrowdStrike Stock Performance

Shares of CrowdStrike stock traded up $3.06 during mid-day trading on Monday, hitting $380.96. 2,264,356 shares of the stock were exchanged, compared to its average volume of 5,002,247. The company has a market capitalization of $94.43 billion, a P/E ratio of 747.00, a P/E/G ratio of 17.86 and a beta of 1.28. 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 company has a 50-day simple moving average of $380.13 and a 200 day simple moving average of $355.34. CrowdStrike Holdings, Inc. has a 12 month low of $200.81 and a 12 month high of $455.59.

Wall Street Analyst Weigh In

Several brokerages recently commented on CRWD. Citigroup reiterated a "buy" rating on shares of CrowdStrike in a report on Wednesday, February 5th. Baird R W lowered shares of CrowdStrike from a "strong-buy" rating to a "hold" rating in a research note on Monday, February 3rd. Royal Bank of Canada reissued an "outperform" rating on shares of CrowdStrike in a research note on Wednesday, March 5th. Stephens initiated coverage on shares of CrowdStrike in a research report on Tuesday, April 1st. They set an "overweight" rating and a $450.00 price target on the stock. Finally, Guggenheim reissued a "neutral" rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, thirty have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $400.88.

Insider Buying and Selling

In other news, CAO Anurag Saha sold 1,496 shares of CrowdStrike stock in a transaction on Friday, March 21st. The stock was sold at an average price of $358.62, for a total transaction of $536,495.52. Following the sale, the chief accounting officer now directly owns 36,165 shares in the company, valued at $12,969,492.30. The trade was a 3.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $450.67, for a total transaction of $1,802,680.00. Following the transaction, the insider now owns 94,214 shares of the company's stock, valued at approximately $42,459,423.38. The trade was a 4.07 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 120,801 shares of company stock worth $45,553,642. 4.34% of the stock is owned by company 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.