Principal Securities Inc. Sells 1,951 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Principal Securities Inc. decreased its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 13.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 12,348 shares of the company's stock after selling 1,951 shares during the quarter. Principal Securities Inc.'s holdings in CrowdStrike were worth $4,225,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in CRWD. Creative Planning grew its stake in shares of CrowdStrike by 9.2% during the 3rd quarter. Creative Planning now owns 173,349 shares of the company's stock worth $48,619,000 after acquiring an additional 14,609 shares during the period. Trust Co. of Vermont boosted its stake in CrowdStrike by 34.9% in the 3rd quarter. Trust Co. of Vermont now owns 975 shares of the company's stock worth $273,000 after purchasing an additional 252 shares during the period. V Square Quantitative Management LLC boosted its stake in CrowdStrike by 181.6% in the 3rd quarter. V Square Quantitative Management LLC now owns 1,923 shares of the company's stock worth $539,000 after purchasing an additional 1,240 shares during the period. Aaron Wealth Advisors LLC boosted its stake in CrowdStrike by 28.2% in the 3rd quarter. Aaron Wealth Advisors LLC now owns 878 shares of the company's stock worth $246,000 after purchasing an additional 193 shares during the period. Finally, Blue Trust Inc. boosted its stake in CrowdStrike by 105.6% in the 3rd quarter. Blue Trust Inc. now owns 3,055 shares of the company's stock worth $857,000 after purchasing an additional 1,569 shares during the period. Institutional investors own 71.16% of the company's stock.

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CrowdStrike Trading Down 3.1 %

Shares of CRWD stock traded down $14.00 during trading hours on Thursday, reaching $436.14. The company's stock had a trading volume of 4,762,647 shares, compared to its average volume of 3,153,083. The stock has a market capitalization of $107.43 billion, a P/E ratio of 855.19, a P/E/G ratio of 18.65 and a beta of 1.16. CrowdStrike Holdings, Inc. has a one year low of $200.81 and a one year high of $455.59. The firm's fifty day simple moving average is $382.58 and its 200 day simple moving average is $327.63. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24.

Insider Transactions at CrowdStrike

In related news, Director Gerhard Watzinger sold 30,000 shares of CrowdStrike stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $348.93, for a total transaction of $10,467,900.00. Following the sale, the director now directly owns 42,391 shares in the company, valued at $14,791,491.63. The trade was a 41.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Anurag Saha sold 1,863 shares of CrowdStrike stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $358.46, for a total value of $667,810.98. Following the sale, the chief accounting officer now owns 41,059 shares in the company, valued at $14,718,009.14. This represents a 4.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 136,565 shares of company stock worth $51,038,529. 4.34% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

CRWD has been the subject of several analyst reports. HSBC downgraded CrowdStrike from a "buy" rating to a "hold" rating and set a $347.00 target price for the company. in a research note on Wednesday, November 27th. Bank of America raised their target price on CrowdStrike from $365.00 to $400.00 and gave the stock a "buy" rating in a research note on Wednesday, November 27th. Jefferies Financial Group raised their target price on CrowdStrike from $415.00 to $450.00 and gave the stock a "buy" rating in a research note on Thursday, December 19th. Citigroup raised their target price on CrowdStrike from $400.00 to $420.00 and gave the stock a "buy" rating in a research note on Friday, January 17th. Finally, Cantor Fitzgerald lifted their price target on CrowdStrike from $350.00 to $370.00 and gave the company an "overweight" rating in a research report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $379.73.

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.