Pictet Asset Management Holding SA Sells 304,646 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Pictet Asset Management Holding SA reduced its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 20.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,206,405 shares of the company's stock after selling 304,646 shares during the period. Pictet Asset Management Holding SA owned approximately 0.49% of CrowdStrike worth $412,784,000 as of its most recent filing with the Securities and Exchange Commission.

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

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Insider Transactions at CrowdStrike

In other news, CAO Anurag Saha sold 2,141 shares of the business's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $371.79, for a total transaction of $796,002.39. Following the completion of the transaction, the chief accounting officer now owns 34,024 shares of the company's stock, valued at approximately $12,649,782.96. The trade was a 5.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Shawn Henry sold 2,547 shares of the firm's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $365.96, for a total transaction of $932,100.12. Following the completion of the sale, the insider now directly owns 82,071 shares in the company, valued at $30,034,703.16. This represents a 3.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 110,801 shares of company stock valued at $42,092,255. 4.34% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CRWD. Truist Financial cut their price target on shares of CrowdStrike from $460.00 to $450.00 and set a "buy" rating on the stock in a research note on Monday. UBS Group lowered their price target on CrowdStrike from $450.00 to $425.00 and set a "buy" rating on the stock in a research report on Wednesday, March 5th. JPMorgan Chase & Co. upped their target price on shares of CrowdStrike from $418.00 to $450.00 and gave the company an "overweight" rating in a report on Friday, February 28th. Barclays dropped their price target on CrowdStrike from $506.00 to $475.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 5th. Finally, Needham & Company LLC restated a "buy" rating and set a $420.00 price objective on shares of CrowdStrike in a report on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $400.00.

CrowdStrike Price Performance

CrowdStrike stock traded down $11.13 during midday trading on Monday, reaching $345.98. 1,475,797 shares of the stock were exchanged, compared to its average volume of 4,887,793. The company's fifty day moving average is $388.15 and its 200-day moving average is $349.49. 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 52 week low of $200.81 and a 52 week high of $455.59. The firm has a market cap of $85.76 billion, a PE ratio of 678.38, a PEG ratio of 17.86 and a beta of 1.19.

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.