CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Sold by DnB Asset Management AS

DnB Asset Management AS decreased its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 69.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 87,396 shares of the company's stock after selling 198,732 shares during the period. DnB Asset Management AS's holdings in CrowdStrike were worth $29,903,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of CRWD. Berbice Capital Management LLC acquired a new position in CrowdStrike during the fourth quarter worth $27,000. FPC Investment Advisory Inc. raised its holdings in shares of CrowdStrike by 811.1% during the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company's stock worth $28,000 after acquiring an additional 73 shares during the period. Fortitude Family Office LLC boosted its position in shares of CrowdStrike by 112.8% during the 4th quarter. Fortitude Family Office LLC now owns 83 shares of the company's stock valued at $28,000 after acquiring an additional 44 shares during the last quarter. Crowley Wealth Management Inc. purchased a new stake in shares of CrowdStrike in the fourth quarter valued at about $34,000. Finally, Luken Investment Analytics LLC acquired a new stake in CrowdStrike during the fourth quarter worth about $34,000. 71.16% of the stock is owned by hedge funds and other institutional investors.

CrowdStrike Stock Performance

NASDAQ CRWD traded down $6.77 during trading hours on Monday, hitting $350.34. The company had a trading volume of 2,144,911 shares, compared to its average volume of 4,051,453. The business has a 50 day moving average of $388.15 and a 200-day moving average of $349.49. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. CrowdStrike Holdings, Inc. has a 1-year low of $200.81 and a 1-year high of $455.59. The company has a market cap of $86.84 billion, a PE ratio of 688.66, a price-to-earnings-growth ratio of 17.86 and a beta of 1.19.

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Insider Buying and Selling

In other news, CAO Anurag Saha sold 2,141 shares of the company's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $371.79, for a total value of $796,002.39. Following the completion of the sale, the chief accounting officer now directly owns 34,024 shares of the company's stock, valued at approximately $12,649,782.96. This represents a 5.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Shawn Henry sold 2,547 shares of the firm's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $365.96, for a total value of $932,100.12. Following the transaction, the insider now directly owns 82,071 shares in the company, valued at approximately $30,034,703.16. This represents a 3.01 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 110,801 shares of company stock worth $42,092,255 in the last quarter. 4.34% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts have recently weighed in on CRWD shares. Morgan Stanley set a $429.00 price target on shares of CrowdStrike in a research note on Tuesday, March 18th. Royal Bank of Canada reiterated an "outperform" rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Mizuho lifted their target price on CrowdStrike from $385.00 to $450.00 and gave the company an "outperform" rating in a research report on Wednesday, February 12th. Scotiabank reiterated a "sector perform" rating on shares of CrowdStrike in a report on Wednesday, February 5th. Finally, Robert W. Baird reduced their price objective on shares of CrowdStrike from $440.00 to $405.00 and set a "neutral" rating on the stock in a report on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, thirty have given a buy rating and one has assigned 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 target price of $399.62.

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.