Strategic Advisors LLC Trims Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Strategic Advisors LLC decreased its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 2.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,074 shares of the company's stock after selling 580 shares during the quarter. CrowdStrike accounts for approximately 1.4% of Strategic Advisors LLC's investment portfolio, making the stock its 19th largest position. Strategic Advisors LLC's holdings in CrowdStrike were worth $7,553,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of CRWD. Jennison Associates LLC lifted its position in CrowdStrike by 25.0% during the third quarter. Jennison Associates LLC now owns 5,068,800 shares of the company's stock worth $1,421,646,000 after purchasing an additional 1,013,161 shares during the period. International Assets Investment Management LLC raised its stake in CrowdStrike by 17,926.3% during the third quarter. International Assets Investment Management LLC now owns 925,831 shares of the company's stock worth $259,668,000 after acquiring an additional 920,695 shares in the last quarter. Daiwa Securities Group Inc. raised its stake in CrowdStrike by 1,655.9% during the third quarter. Daiwa Securities Group Inc. now owns 755,951 shares of the company's stock worth $212,021,000 after acquiring an additional 712,900 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in CrowdStrike by 248.6% during the third quarter. Assenagon Asset Management S.A. now owns 521,198 shares of the company's stock worth $146,180,000 after acquiring an additional 371,695 shares in the last quarter. Finally, State Street Corp raised its stake in CrowdStrike by 2.9% during the third quarter. State Street Corp now owns 9,630,776 shares of the company's stock worth $2,701,144,000 after acquiring an additional 275,717 shares in the last quarter. Institutional investors own 71.16% of the company's stock.

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Insider Buying and Selling

In related news, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $345.65, for a total value of $2,160,312.50. Following the completion of the sale, the director now directly owns 811,842 shares of the company's stock, valued at approximately $280,613,187.30. This represents a 0.76 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Shawn Henry sold 4,500 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $368.14, for a total value of $1,656,630.00. Following the completion of the sale, the insider now directly owns 115,798 shares of the company's stock, valued at $42,629,875.72. The trade was a 3.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 136,565 shares of company stock worth $51,038,529 in the last ninety days. Corporate insiders own 4.34% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on CRWD. Wells Fargo & Company boosted their target price on CrowdStrike from $350.00 to $400.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 27th. Robert W. Baird reissued a "neutral" rating and set a $430.00 target price (up previously from $390.00) on shares of CrowdStrike in a research note on Monday, February 3rd. JMP Securities reissued a "market outperform" rating and set a $400.00 target price on shares of CrowdStrike in a research note on Monday, November 4th. Piper Sandler upped their price objective on CrowdStrike from $290.00 to $375.00 and gave the company an "overweight" rating in a research note on Wednesday, November 27th. Finally, Needham & Company LLC upped their price objective on CrowdStrike from $360.00 to $420.00 and gave the company a "buy" rating in a research note on Wednesday, November 27th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $379.73.

CrowdStrike Stock Down 3.1 %

Shares of CRWD traded down $14.00 during trading hours on Thursday, reaching $436.14. The stock had a trading volume of 4,762,647 shares, compared to its average volume of 3,153,083. CrowdStrike Holdings, Inc. has a 12 month low of $200.81 and a 12 month high of $455.59. The firm has a 50-day simple moving average of $382.58 and a 200 day simple moving average of $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. The company has a market capitalization of $107.43 billion, a price-to-earnings ratio of 855.19, a P/E/G ratio of 18.65 and a beta of 1.16.

CrowdStrike 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.