Wellington Management Group LLP Sells 31,793 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Wellington Management Group LLP decreased its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 77.4% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 9,285 shares of the company's stock after selling 31,793 shares during the period. Wellington Management Group LLP's holdings in CrowdStrike were worth $3,177,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in CRWD. Berbice Capital Management LLC acquired a new position in shares of CrowdStrike in the 4th quarter valued at $27,000. Fortitude Family Office LLC raised its holdings in CrowdStrike by 112.8% in the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company's stock valued at $28,000 after buying an additional 44 shares during the period. FPC Investment Advisory Inc. lifted its position in CrowdStrike by 811.1% during 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. Luken Investment Analytics LLC purchased a new stake in CrowdStrike during the 4th quarter worth $34,000. Finally, Crowley Wealth Management Inc. purchased a new stake in shares of CrowdStrike in the fourth quarter worth about $34,000. Institutional investors and hedge funds own 71.16% of the company's stock.

CrowdStrike Trading Down 0.4 %

CRWD traded down $1.43 during trading on Monday, reaching $376.47. The company had a trading volume of 1,795,493 shares, compared to its average volume of 4,997,530. The firm's 50-day simple moving average is $380.13 and its 200 day simple moving average is $355.34. 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 $93.32 billion, a price-to-earnings ratio of 738.19, a PEG ratio of 17.86 and a beta of 1.28. CrowdStrike Holdings, Inc. has a 12-month low of $200.81 and a 12-month high of $455.59.

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Insider Transactions at CrowdStrike

In other news, CAO Anurag Saha sold 1,496 shares of the firm'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 completion of the sale, the chief accounting officer now owns 36,165 shares of the company's stock, valued at $12,969,492.30. This trade represents a 3.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Shawn Henry sold 4,000 shares of the company's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $450.67, for a total value of $1,802,680.00. Following the transaction, the insider now directly owns 94,214 shares in the company, valued at $42,459,423.38. The trade was a 4.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 120,801 shares of company stock valued at $45,553,642 over the last ninety days. Corporate insiders own 4.34% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Wells Fargo & Company raised their price objective on CrowdStrike from $400.00 to $430.00 and gave the company an "overweight" rating in a research note on Wednesday, March 5th. Wedbush upped their price target on shares of CrowdStrike from $390.00 to $395.00 and gave the company an "outperform" rating in a report on Wednesday, March 5th. Cantor Fitzgerald reissued an "overweight" rating and set a $440.00 price objective on shares of CrowdStrike in a report on Wednesday, March 5th. Citigroup reaffirmed a "buy" rating on shares of CrowdStrike in a research report on Wednesday, February 5th. Finally, Guggenheim reissued a "neutral" rating on shares of CrowdStrike in a report on Wednesday, March 5th. Two investment 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. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $400.88.

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.