Glynn Capital Management LLC Has $23.81 Million Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Glynn Capital Management LLC trimmed its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 19.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 69,580 shares of the company's stock after selling 16,680 shares during the quarter. CrowdStrike comprises about 5.6% of Glynn Capital Management LLC's holdings, making the stock its 5th biggest position. Glynn Capital Management LLC's holdings in CrowdStrike were worth $23,807,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in CRWD. OneDigital Investment Advisors LLC grew its holdings in shares of CrowdStrike by 26.6% during the third quarter. OneDigital Investment Advisors LLC now owns 4,188 shares of the company's stock valued at $1,175,000 after buying an additional 881 shares during the last quarter. Natixis Advisors LLC boosted its holdings in CrowdStrike by 12.4% during the third quarter. Natixis Advisors LLC now owns 39,798 shares of the company's stock worth $11,162,000 after purchasing an additional 4,382 shares during the last quarter. Claro Advisors LLC boosted its holdings in CrowdStrike by 35.7% during the third quarter. Claro Advisors LLC now owns 1,613 shares of the company's stock worth $452,000 after purchasing an additional 424 shares during the last quarter. Thrivent Financial for Lutherans boosted its holdings in CrowdStrike by 120.6% during the third quarter. Thrivent Financial for Lutherans now owns 89,282 shares of the company's stock worth $25,041,000 after purchasing an additional 48,808 shares during the last quarter. Finally, Cassaday & Co Wealth Management LLC boosted its holdings in CrowdStrike by 23.6% during the third quarter. Cassaday & Co Wealth Management LLC now owns 1,094 shares of the company's stock worth $307,000 after purchasing an additional 209 shares during the last quarter. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

CrowdStrike Trading Down 1.8 %

Shares of CrowdStrike stock traded down $6.79 during trading on Friday, reaching $362.24. The company's stock had a trading volume of 8,116,345 shares, compared to its average volume of 4,762,152. CrowdStrike Holdings, Inc. has a 52-week low of $200.81 and a 52-week high of $455.59. The company has a market cap of $89.79 billion, a price-to-earnings ratio of 710.29, a PEG ratio of 17.86 and a beta of 1.19. The firm's 50-day moving average is $386.53 and its two-hundred day moving average is $344.11. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24.

Insider Activity

In related news, 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 transaction of $667,810.98. Following the completion of the sale, the chief accounting officer now directly owns 41,059 shares in the company, valued at $14,718,009.14. This represents a 4.34 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Shawn Henry sold 5,505 shares of the company's stock in a transaction 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 sale, the insider now owns 110,293 shares of the company's stock, valued at $39,536,731.71. This represents a 4.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 100,315 shares of company stock valued at $38,319,124. Corporate insiders own 4.34% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Scotiabank restated a "sector perform" rating on shares of CrowdStrike in a report on Wednesday, February 5th. Raymond James lowered shares of CrowdStrike from an "outperform" rating to a "cautious" rating in a research report on Monday, March 10th. Royal Bank of Canada reaffirmed an "outperform" rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Hsbc Global Res lowered shares of CrowdStrike from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, November 27th. Finally, BMO Capital Markets lifted their price objective on shares of CrowdStrike from $380.00 to $405.00 and gave the stock an "outperform" rating in a research report on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $399.51.

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.