CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. lessened its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 29.6% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 128,900 shares of the company's stock after selling 54,089 shares during the period. Russell Investments Group Ltd. owned 0.05% of CrowdStrike worth $44,129,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of CRWD. Jacobi Capital Management LLC increased its holdings in shares of CrowdStrike by 1.9% in 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 during the period. Dorsey & Whitney Trust CO LLC raised its position in shares of CrowdStrike by 1.4% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 1,974 shares of the company's stock worth $675,000 after acquiring an additional 27 shares in the last quarter. Wintrust Investments LLC boosted its holdings in shares of CrowdStrike by 4.2% during the 4th quarter. Wintrust Investments LLC now owns 719 shares of the company's stock valued at $246,000 after buying an additional 29 shares in the last quarter. Synergy Financial Group LTD grew 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 increased its position in CrowdStrike by 4.0% during the 4th 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. Institutional investors own 71.16% of the company's stock.

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Insider Transactions at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 2,547 shares of CrowdStrike stock in a transaction on Monday, March 24th. The shares were sold at an average price of $365.96, for a total value of $932,100.12. Following the transaction, the insider now directly owns 82,071 shares of the company's stock, valued at approximately $30,034,703.16. The trade was a 3.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Anurag Saha sold 1,496 shares of the business's stock in a transaction on Friday, March 21st. The stock was sold at an average price of $358.62, for a total value of $536,495.52. Following the transaction, the chief accounting officer now owns 36,165 shares in the company, valued at approximately $12,969,492.30. This trade represents a 3.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 120,801 shares of company stock valued at $45,553,642. Company insiders own 4.34% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Scotiabank reiterated a "sector perform" rating on shares of CrowdStrike in a research note on Wednesday, February 5th. Needham & Company LLC reiterated a "buy" rating and issued a $420.00 price objective on shares of CrowdStrike in a research note on Wednesday, March 5th. Stifel Nicolaus decreased their target price on CrowdStrike from $475.00 to $435.00 and set a "buy" rating on the stock in a report on Wednesday, March 5th. Wells Fargo & Company lifted their price target on shares of CrowdStrike from $400.00 to $430.00 and gave the company an "overweight" rating in a report on Wednesday, March 5th. Finally, Cantor Fitzgerald reiterated an "overweight" rating and set a $440.00 target price on shares of CrowdStrike in a research report on Wednesday, March 5th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $400.88.

CrowdStrike Stock Up 1.0 %

CrowdStrike stock traded up $3.82 during midday trading on Friday, hitting $372.43. 1,414,031 shares of the company's stock were exchanged, compared to its average volume of 4,978,976. 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 company has a market cap of $92.32 billion, a PE ratio of 730.66, a P/E/G ratio of 17.86 and a beta of 1.28. The firm has a 50-day moving average of $380.72 and a two-hundred day moving average of $354.19. CrowdStrike Holdings, Inc. has a 12 month low of $200.81 and a 12 month high of $455.59.

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.