Independent Advisor Alliance Has $5.55 Million Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Independent Advisor Alliance reduced its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 47.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,232 shares of the company's stock after selling 14,442 shares during the period. Independent Advisor Alliance's holdings in CrowdStrike were worth $5,554,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. State Street Corp boosted its stake in shares of CrowdStrike by 2.9% during 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 in the last quarter. Jennison Associates LLC boosted its stake in shares of CrowdStrike by 6.9% during the 4th quarter. Jennison Associates LLC now owns 5,420,980 shares of the company's stock worth $1,854,843,000 after acquiring an additional 352,180 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of CrowdStrike by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 4,893,457 shares of the company's stock worth $1,367,505,000 after acquiring an additional 97,990 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of CrowdStrike by 12.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,570,440 shares of the company's stock worth $440,461,000 after acquiring an additional 171,861 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of CrowdStrike by 4.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,419,075 shares of the company's stock worth $485,551,000 after acquiring an additional 64,581 shares in the last quarter. Institutional investors own 71.16% of the company's stock.

Wall Street Analysts Forecast Growth

CRWD has been the subject of several recent analyst reports. Canaccord Genuity Group upped their price target on CrowdStrike from $370.00 to $420.00 and gave the stock a "buy" rating in a research note on Monday, March 3rd. JPMorgan Chase & Co. increased their target price on CrowdStrike from $418.00 to $450.00 and gave the company an "overweight" rating in a research note on Friday, February 28th. The Goldman Sachs Group restated a "buy" rating on shares of CrowdStrike in a research note on Wednesday, March 5th. Robert W. Baird decreased their target price on CrowdStrike from $440.00 to $405.00 and set a "neutral" rating for the company in a research note on Wednesday, March 5th. Finally, Cantor Fitzgerald restated an "overweight" rating and set a $440.00 target price on shares of CrowdStrike in a research note on Wednesday, March 5th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $398.78.

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Insider Activity at CrowdStrike

In other news, President Michael Sentonas sold 10,801 shares of CrowdStrike stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $358.47, for a total value of $3,871,834.47. Following the completion of the sale, the president now directly owns 389,589 shares of the company's stock, valued at approximately $139,655,968.83. This trade represents a 2.70 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Shawn Henry sold 4,500 shares of CrowdStrike stock in a transaction on Monday, December 16th. The shares were sold at an average price of $368.14, for a total value of $1,656,630.00. Following the completion of the sale, the insider now directly owns 115,798 shares of the company's stock, valued at $42,629,875.72. This trade represents a 3.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 100,315 shares of company stock valued at $38,387,254 in the last three months. Corporate insiders own 4.34% of the company's stock.

CrowdStrike Trading Up 6.8 %

CRWD stock opened at $329.75 on Wednesday. The business has a fifty day moving average price of $386.01 and a 200 day moving average price of $340.21. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $455.59. The stock has a market capitalization of $81.22 billion, a price-to-earnings ratio of 646.58, a P/E/G ratio of 17.86 and a beta of 1.19. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86.

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.

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