CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Position Lessened by Peregrine Capital Management LLC

Peregrine Capital Management LLC reduced its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 4.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 182,707 shares of the company's stock after selling 8,773 shares during the quarter. CrowdStrike comprises 1.9% of Peregrine Capital Management LLC's holdings, making the stock its 7th largest holding. Peregrine Capital Management LLC owned about 0.07% of CrowdStrike worth $62,515,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in CRWD. Empirical Asset Management LLC acquired a new position in CrowdStrike in the fourth quarter valued at approximately $11,310,000. Beacon Financial Advisory LLC acquired a new position in CrowdStrike in the third quarter valued at approximately $955,000. Sumitomo Mitsui Trust Group Inc. lifted its stake in CrowdStrike by 10.2% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 846,189 shares of the company's stock valued at $237,331,000 after buying an additional 78,305 shares during the period. DekaBank Deutsche Girozentrale lifted its stake in CrowdStrike by 0.7% in the third quarter. DekaBank Deutsche Girozentrale now owns 439,865 shares of the company's stock valued at $124,644,000 after buying an additional 2,863 shares during the period. Finally, Hemenway Trust Co LLC lifted its stake in CrowdStrike by 356.8% in the third quarter. Hemenway Trust Co LLC now owns 6,852 shares of the company's stock valued at $1,922,000 after buying an additional 5,352 shares during the period. 71.16% of the stock is owned by institutional investors and hedge funds.

CrowdStrike Stock Performance

CRWD traded down $29.53 during trading hours on Friday, hitting $406.61. The stock had a trading volume of 5,588,416 shares, compared to its average volume of 3,224,895. The stock has a market cap of $100.15 billion, a PE ratio of 797.30, a price-to-earnings-growth ratio of 18.44 and a beta of 1.16. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. The company's fifty day simple moving average is $384.76 and its 200 day simple moving average is $329.67. CrowdStrike Holdings, Inc. has a 1 year low of $200.81 and a 1 year high of $455.59.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Baird R W lowered CrowdStrike from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 3rd. Scotiabank upped their target price on CrowdStrike from $300.00 to $370.00 and gave the stock a "sector perform" rating in a research report on Tuesday, January 21st. JMP Securities reaffirmed a "market outperform" rating and set a $400.00 target price on shares of CrowdStrike in a research report on Monday, November 4th. Needham & Company LLC upped their target price on CrowdStrike from $360.00 to $420.00 and gave the stock a "buy" rating in a research report on Wednesday, November 27th. Finally, BMO Capital Markets upped their target price on CrowdStrike from $315.00 to $380.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $383.08.

Insider Activity

In related news, CAO Anurag Saha sold 1,863 shares of the business's stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $358.46, for a total value of $667,810.98. Following the completion of the sale, the chief accounting officer now owns 41,059 shares in the company, valued at $14,718,009.14. The trade was a 4.34 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Shawn Henry sold 4,500 shares of the business's stock in a transaction that occurred 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 completion of 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 136,565 shares of company stock worth $51,038,529. 4.34% of the stock is currently owned by insiders.

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.