Invesco Ltd. Sells 35,193 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Invesco Ltd. cut its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 1.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,153,945 shares of the company's stock after selling 35,193 shares during the quarter. Invesco Ltd. owned 0.87% of CrowdStrike worth $736,994,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Jacobi Capital Management LLC raised its holdings in shares of CrowdStrike by 1.9% during the fourth quarter. Jacobi Capital Management LLC now owns 1,309 shares of the company's stock valued at $448,000 after acquiring an additional 25 shares during the period. Dorsey & Whitney Trust CO LLC raised its stake in CrowdStrike by 1.4% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 1,974 shares of the company's stock valued at $675,000 after purchasing an additional 27 shares during the period. Wintrust Investments LLC lifted its holdings in shares of CrowdStrike by 4.2% in the fourth quarter. Wintrust Investments LLC now owns 719 shares of the company's stock valued at $246,000 after purchasing an additional 29 shares in the last quarter. Synergy Financial Group LTD boosted its position in shares of CrowdStrike by 0.8% in the third quarter. Synergy Financial Group LTD now owns 3,950 shares of the company's stock worth $1,108,000 after buying an additional 30 shares during the period. Finally, Greenwich Wealth Management LLC grew its holdings in shares of CrowdStrike by 4.0% during the fourth quarter. Greenwich Wealth Management LLC now owns 776 shares of the company's stock valued at $265,000 after buying an additional 30 shares in the last quarter. 71.16% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

Several research firms have weighed in on CRWD. KeyCorp dropped their price objective on shares of CrowdStrike from $480.00 to $450.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 5th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $450.00 price target on shares of CrowdStrike in a research note on Wednesday, March 5th. Susquehanna lifted their price objective on CrowdStrike from $400.00 to $425.00 and gave the company a "positive" rating in a research report on Wednesday, March 5th. Evercore ISI upped their target price on CrowdStrike from $400.00 to $450.00 and gave the stock an "outperform" rating in a research report on Wednesday, March 5th. Finally, Robert W. Baird reduced their price target on CrowdStrike from $440.00 to $405.00 and set a "neutral" rating for the company in a report on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirty have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $400.88.

CrowdStrike Price Performance

CRWD stock traded up $3.43 during trading on Friday, hitting $372.04. 1,517,146 shares of the stock traded hands, compared to its average volume of 4,979,411. 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 has a market cap of $92.22 billion, a price-to-earnings ratio of 728.33, a P/E/G ratio of 17.86 and a beta of 1.28. CrowdStrike Holdings, Inc. has a one year low of $200.81 and a one year high of $455.59. The company has a 50 day simple moving average of $380.72 and a 200 day simple moving average of $354.19.

Insider Buying and Selling

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $354.91, for a total transaction of $1,419,640.00. Following the sale, the insider now owns 98,214 shares of the company's stock, valued at $34,857,130.74. This represents a 3.91 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Sameer K. Gandhi sold 17,120 shares of the business's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $428.13, for a total transaction of $7,329,585.60. Following the completion of the transaction, the director now directly owns 780,592 shares of the company's stock, valued at approximately $334,194,852.96. This represents a 2.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 120,801 shares of company stock worth $45,553,642 in the last three months. Insiders own 4.34% of the company's stock.

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.