CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Sold by Westpac Banking Corp

Westpac Banking Corp trimmed its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 60.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,433 shares of the company's stock after selling 2,201 shares during the period. Westpac Banking Corp's holdings in CrowdStrike were worth $490,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Jacobi Capital Management LLC lifted its holdings in shares of CrowdStrike by 1.9% during the 4th quarter. Jacobi Capital Management LLC now owns 1,309 shares of the company's stock valued at $448,000 after buying an additional 25 shares during the period. Dorsey & Whitney Trust CO LLC boosted its stake in CrowdStrike by 1.4% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 1,974 shares of the company's stock worth $675,000 after purchasing an additional 27 shares during the period. Wintrust Investments LLC boosted its stake in CrowdStrike by 4.2% in the 4th quarter. Wintrust Investments LLC now owns 719 shares of the company's stock worth $246,000 after purchasing an additional 29 shares during the period. Synergy Financial Group LTD grew its holdings in CrowdStrike by 0.8% during the 3rd quarter. Synergy Financial Group LTD now owns 3,950 shares of the company's stock valued at $1,108,000 after buying an additional 30 shares in the last quarter. Finally, Greenwich Wealth Management LLC raised its position in shares of CrowdStrike by 4.0% during the fourth quarter. Greenwich Wealth Management LLC now owns 776 shares of the company's stock valued at $265,000 after buying an additional 30 shares during the last quarter. Hedge funds and other institutional investors own 71.16% of the company's stock.

Insider Activity at CrowdStrike

In other news, Director Gerhard Watzinger sold 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $359.57, for a total value of $3,595,700.00. Following the completion of the transaction, the director now owns 62,891 shares of the company's stock, valued at approximately $22,613,716.87. This trade represents a 13.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Anurag Saha sold 1,496 shares of the company's stock in a transaction that occurred 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 approximately $12,969,492.30. The trade was a 3.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 114,551 shares of company stock worth $43,527,642. Insiders own 4.34% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CRWD. Needham & Company LLC reaffirmed a "buy" rating and set a $420.00 target price on shares of CrowdStrike in a research note on Wednesday, March 5th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of CrowdStrike in a research note on Wednesday, March 5th. Jefferies Financial Group reduced their target price on shares of CrowdStrike from $425.00 to $410.00 and set a "buy" rating on the stock in a report on Monday, March 31st. Wedbush boosted their target price on CrowdStrike from $390.00 to $395.00 and gave the company an "outperform" rating in a research report on Wednesday, March 5th. Finally, Robert W. Baird reduced their target price on shares of CrowdStrike from $440.00 to $405.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 5th. Two equities research 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's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $400.88.

CrowdStrike Trading Up 5.3 %

CRWD stock traded up $17.06 during mid-day trading on Tuesday, hitting $341.42. 2,037,064 shares of the company were exchanged, compared to its average volume of 4,932,682. The business has a fifty day simple moving average of $385.19 and a 200-day simple moving average of $352.89. The firm has a market capitalization of $84.63 billion, a P/E ratio of 670.48, a PEG ratio of 17.86 and a beta of 1.28. CrowdStrike Holdings, Inc. has a 12-month low of $200.81 and a 12-month high of $455.59. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24.

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.