CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Sold by IHT Wealth Management LLC

IHT Wealth Management LLC decreased its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 44.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,554 shares of the company's stock after selling 5,252 shares during the period. IHT Wealth Management LLC's holdings in CrowdStrike were worth $2,243,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new stake in shares of CrowdStrike in the fourth quarter worth about $1,111,542,000. Raymond James Financial Inc. acquired a new position in shares of CrowdStrike during the 4th quarter worth about $237,375,000. Amundi lifted its position in shares of CrowdStrike by 41.9% in the fourth quarter. Amundi now owns 1,382,952 shares of the company's stock valued at $496,093,000 after acquiring an additional 408,190 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in CrowdStrike by 2,586.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 418,094 shares of the company's stock worth $143,055,000 after purchasing an additional 402,531 shares during the last quarter. Finally, Franklin Resources Inc. boosted its position in CrowdStrike by 36.5% during the fourth quarter. Franklin Resources Inc. now owns 1,378,856 shares of the company's stock worth $471,789,000 after acquiring an additional 368,931 shares during the last quarter. Institutional investors and hedge funds own 71.16% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CRWD. UBS Group dropped their price objective on shares of CrowdStrike from $450.00 to $425.00 and set a "buy" rating for the company in a report on Wednesday, March 5th. Robert W. Baird dropped their price target on shares of CrowdStrike from $440.00 to $405.00 and set a "neutral" rating for the company in a research note on Wednesday, March 5th. Stifel Nicolaus cut their target price on shares of CrowdStrike from $475.00 to $435.00 and set a "buy" rating on the stock in a research note on Wednesday, March 5th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of CrowdStrike in a report on Wednesday, March 5th. Finally, Scotiabank restated a "sector perform" rating on shares of CrowdStrike in a report on Wednesday, February 5th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirty have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, CrowdStrike currently has an average rating of "Moderate Buy" and a consensus target price of $400.76.

Insider Transactions at CrowdStrike

In other CrowdStrike news, CEO George Kurtz sold 22,449 shares of the stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $358.68, for a total transaction of $8,052,007.32. Following the transaction, the chief executive officer now owns 2,178,452 shares of the company's stock, valued at $781,367,163.36. This trade represents a 1.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Johanna Flower sold 2,974 shares of CrowdStrike stock in a transaction on Monday, April 21st. The shares were sold at an average price of $362.48, for a total value of $1,078,015.52. Following the completion of the transaction, the director now owns 82,875 shares in the company, valued at $30,040,530. The trade was a 3.46 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 122,375 shares of company stock valued at $46,197,236 over the last three months. 4.34% of the stock is currently owned by insiders.

CrowdStrike Price Performance

Shares of CrowdStrike stock traded up $28.30 during trading on Thursday, hitting $414.05. 4,613,695 shares of the company were exchanged, compared to its average volume of 5,048,537. The firm has a 50 day moving average price of $370.57 and a 200 day moving average price of $360.43. The stock has a market capitalization of $102.63 billion, a price-to-earnings ratio of 811.88, a P/E/G ratio of 17.86 and a beta of 1.28. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $455.59.

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.