Groupama Asset Managment Sells 7,483 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Groupama Asset Managment lowered its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 84.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,418 shares of the company's stock after selling 7,483 shares during the quarter. Groupama Asset Managment's holdings in CrowdStrike were worth $495,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Berbice Capital Management LLC acquired a new position in CrowdStrike during the fourth quarter valued at approximately $27,000. Fortitude Family Office LLC grew 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. raised its holdings in CrowdStrike by 811.1% in 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. Luken Investment Analytics LLC acquired a new position in CrowdStrike during the 4th quarter worth $34,000. Finally, Crowley Wealth Management Inc. bought a new stake in CrowdStrike during the fourth quarter valued at about $34,000. Institutional investors and hedge funds own 71.16% of the company's stock.

Insider Activity at CrowdStrike

In other news, CEO George Kurtz sold 22,449 shares of the business's stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $358.68, for a total value of $8,052,007.32. Following the sale, the chief executive officer now directly owns 2,178,452 shares in the company, valued at $781,367,163.36. The trade was a 1.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Shawn Henry sold 4,500 shares of the stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $353.00, for a total value of $1,588,500.00. Following the transaction, the insider now owns 89,714 shares of the company's stock, valued at approximately $31,669,042. The trade was a 4.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 114,551 shares of company stock valued at $43,527,642. 4.34% of the stock is owned by corporate insiders.

Remove Ads

Wall Street Analyst Weigh In

A number of research firms have recently commented on CRWD. Citigroup reiterated a "buy" rating on shares of CrowdStrike in a research note 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. Westpark Capital reiterated a "hold" rating on shares of CrowdStrike in a research note on Wednesday, March 5th. Barclays reduced their target price on CrowdStrike from $506.00 to $475.00 and set an "overweight" rating for the company in a research report on Wednesday, March 5th. Finally, BTIG Research upgraded shares of CrowdStrike from a "neutral" rating to a "buy" rating and set a $431.00 target price on the stock in a research report on Tuesday, March 25th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $400.88.

CrowdStrike Stock Down 7.4 %

CRWD stock traded down $25.76 during mid-day trading on Friday, hitting $321.63. 7,015,170 shares of the company were exchanged, compared to its average volume of 4,926,039. 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 firm's 50 day simple moving average is $386.18 and its 200 day simple moving average is $351.38. The firm has a market cap of $79.72 billion, a P/E ratio of 630.66, a P/E/G ratio of 17.86 and a beta of 1.28.

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.