OVERSEA CHINESE BANKING Corp Ltd Sells 1,597 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

OVERSEA CHINESE BANKING Corp Ltd reduced its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 64.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 870 shares of the company's stock after selling 1,597 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd's holdings in CrowdStrike were worth $309,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Berbice Capital Management LLC purchased a new position in CrowdStrike in the fourth quarter valued at about $27,000. FPC Investment Advisory Inc. increased its position in shares of CrowdStrike by 811.1% in the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company's stock valued at $28,000 after buying an additional 73 shares in the last quarter. 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 acquiring an additional 44 shares during the last quarter. Luken Investment Analytics LLC acquired a new position in shares of CrowdStrike during the 4th quarter worth approximately $34,000. Finally, Halbert Hargrove Global Advisors LLC purchased a new position in CrowdStrike during the fourth quarter worth $42,000. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Shawn Henry sold 4,500 shares of the company's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $353.00, for a total value of $1,588,500.00. Following the transaction, the insider now directly owns 89,714 shares of the company's stock, valued at approximately $31,669,042. This represents a 4.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $345.65, for a total value of $2,160,312.50. Following the sale, the director now directly owns 811,842 shares of the company's stock, valued at approximately $280,613,187.30. The trade was a 0.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 52,858 shares of company stock worth $21,288,706 in the last 90 days. Company insiders own 4.34% of the company's stock.

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CrowdStrike Stock Up 2.9 %

Shares of CRWD stock traded up $10.40 on Monday, reaching $372.64. 4,144,121 shares of the company's stock traded hands, compared to its average volume of 4,768,323. The company has a market capitalization of $92.37 billion, a P/E ratio of 730.68, a price-to-earnings-growth ratio of 17.86 and a beta of 1.19. CrowdStrike Holdings, Inc. has a 12-month low of $200.81 and a 12-month high of $455.59. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. The business's 50 day moving average price is $386.53 and its two-hundred day moving average price is $345.25.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Royal Bank of Canada reiterated 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. Baird R W downgraded CrowdStrike from a "strong-buy" rating to a "hold" rating in a report on Monday, February 3rd. Stifel Nicolaus lowered their price objective on shares of CrowdStrike from $475.00 to $435.00 and set a "buy" rating for the company in a research note on Wednesday, March 5th. Finally, Mizuho lifted their price target on shares of CrowdStrike from $385.00 to $450.00 and gave the company an "outperform" rating in a research report on Wednesday, February 12th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $399.51.

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.