Fiduciary Alliance LLC Sells 2,547 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Fiduciary Alliance LLC decreased its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 32.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,209 shares of the company's stock after selling 2,547 shares during the period. Fiduciary Alliance LLC's holdings in CrowdStrike were worth $1,782,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Jennison Associates LLC increased its holdings in shares of CrowdStrike by 25.0% during the third quarter. Jennison Associates LLC now owns 5,068,800 shares of the company's stock valued at $1,421,646,000 after acquiring an additional 1,013,161 shares in the last quarter. International Assets Investment Management LLC lifted its stake in shares of CrowdStrike by 17,926.3% in the third quarter. International Assets Investment Management LLC now owns 925,831 shares of the company's stock valued at $259,668,000 after buying an additional 920,695 shares in the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of CrowdStrike by 1,655.9% during the third quarter. Daiwa Securities Group Inc. now owns 755,951 shares of the company's stock valued at $212,021,000 after buying an additional 712,900 shares during the last quarter. Assenagon Asset Management S.A. increased its position in shares of CrowdStrike by 248.6% during the third quarter. Assenagon Asset Management S.A. now owns 521,198 shares of the company's stock worth $146,180,000 after acquiring an additional 371,695 shares in the last quarter. Finally, State Street Corp raised its holdings in shares of CrowdStrike by 2.9% in the 3rd quarter. State Street Corp now owns 9,630,776 shares of the company's stock worth $2,701,144,000 after acquiring an additional 275,717 shares during the last quarter. 71.16% of the stock is currently owned by institutional investors.

Insider Activity at CrowdStrike

In other news, Director Sameer K. Gandhi sold 5,036 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $320.48, for a total transaction of $1,613,937.28. Following the transaction, the director now directly owns 816,730 shares of the company's stock, valued at $261,745,630.40. This represents a 0.61 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Anurag Saha sold 1,863 shares of the company's stock in a transaction 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 sale, the chief accounting officer now owns 41,059 shares of the company's stock, valued at approximately $14,718,009.14. This trade represents a 4.34 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 106,351 shares of company stock valued at $37,515,473. 4.34% of the stock is owned by insiders.

CrowdStrike Stock Up 1.9 %

CrowdStrike stock traded up $6.58 during mid-day trading on Tuesday, hitting $348.04. The company had a trading volume of 2,531,903 shares, compared to its average volume of 2,771,906. CrowdStrike Holdings, Inc. has a 12 month low of $200.81 and a 12 month high of $398.33. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. The stock's 50 day moving average price is $353.02 and its two-hundred day moving average price is $312.71. The company has a market capitalization of $85.73 billion, a PE ratio of 682.44, a price-to-earnings-growth ratio of 19.48 and a beta of 1.14.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. BMO Capital Markets raised their target price on CrowdStrike from $315.00 to $380.00 and gave the company an "outperform" rating in a report on Wednesday, November 27th. DA Davidson reiterated a "buy" rating and issued a $310.00 target price on shares of CrowdStrike in a report on Wednesday, September 18th. JMP Securities reaffirmed a "market outperform" rating and issued a $400.00 price objective on shares of CrowdStrike in a research report on Monday, November 4th. Royal Bank of Canada boosted their target price on CrowdStrike from $365.00 to $420.00 and gave the stock an "outperform" rating in a research note on Friday, January 3rd. Finally, Wells Fargo & Company increased their price target on CrowdStrike from $350.00 to $400.00 and gave the company an "overweight" rating in a research report on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $365.88.

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.