Primecap Management Co. CA Sells 6,100 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Primecap Management Co. CA trimmed its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 4.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 130,436 shares of the company's stock after selling 6,100 shares during the period. Primecap Management Co. CA owned about 0.05% of CrowdStrike worth $44,630,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in CRWD. Berbice Capital Management LLC acquired a new stake in shares of CrowdStrike during the fourth quarter worth $27,000. Fortitude Family Office LLC increased its stake in CrowdStrike by 112.8% in the 4th quarter. Fortitude Family Office LLC now owns 83 shares of the company's stock valued at $28,000 after buying an additional 44 shares during the last quarter. FPC Investment Advisory Inc. increased its stake in CrowdStrike by 811.1% in the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company's stock valued at $28,000 after buying an additional 73 shares during the last quarter. Luken Investment Analytics LLC acquired a new stake in CrowdStrike in the 4th quarter valued at $34,000. Finally, Legacy Bridge LLC increased its stake in CrowdStrike by 976.9% in the 3rd quarter. Legacy Bridge LLC now owns 140 shares of the company's stock valued at $39,000 after buying an additional 127 shares during the last quarter. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. The Goldman Sachs Group reiterated a "buy" rating on shares of CrowdStrike in a research note on Wednesday, March 5th. Truist Financial lifted their price target on shares of CrowdStrike from $385.00 to $460.00 and gave the company a "buy" rating in a research note on Wednesday, February 12th. Susquehanna boosted their price objective on shares of CrowdStrike from $400.00 to $425.00 and gave the stock a "positive" rating in a research note on Wednesday, March 5th. Barclays lowered their price objective on shares of CrowdStrike from $506.00 to $475.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 5th. Finally, Hsbc Global Res lowered shares of CrowdStrike from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, November 27th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $399.51.

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CrowdStrike Price Performance

Shares of NASDAQ CRWD traded down $6.79 during trading hours on Friday, hitting $362.24. 8,116,345 shares of the stock were exchanged, compared to its average volume of 4,762,152. 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 market cap of $89.79 billion, a PE ratio of 710.29, a price-to-earnings-growth ratio of 17.86 and a beta of 1.19. The company's fifty day simple moving average is $386.53 and its two-hundred day simple moving average is $344.11. CrowdStrike Holdings, Inc. has a 1-year low of $200.81 and a 1-year high of $455.59.

Insider Buying and Selling

In related news, CAO Anurag Saha sold 1,863 shares of the stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $358.46, for a total value of $667,810.98. Following the completion of the transaction, the chief accounting officer now owns 41,059 shares of the company's stock, valued at $14,718,009.14. This represents a 4.34 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Shawn Henry sold 5,505 shares of the stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $358.47, for a total transaction of $1,973,377.35. Following the completion of the transaction, the insider now directly owns 110,293 shares of the company's stock, valued at approximately $39,536,731.71. The trade was a 4.75 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 100,315 shares of company stock worth $38,319,124. Corporate insiders own 4.34% of the company's stock.

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.