Zacks Investment Management Has $368,000 Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Zacks Investment Management decreased its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 97.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,311 shares of the company's stock after selling 53,106 shares during the quarter. Zacks Investment Management's holdings in CrowdStrike were worth $368,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Sunpointe LLC raised its position in CrowdStrike by 3.1% in the third quarter. Sunpointe LLC now owns 1,131 shares of the company's stock valued at $317,000 after purchasing an additional 34 shares during the period. Hilltop Holdings Inc. raised its position in CrowdStrike by 1.8% in the third quarter. Hilltop Holdings Inc. now owns 1,932 shares of the company's stock valued at $542,000 after purchasing an additional 34 shares during the period. Means Investment CO. Inc. raised its position in CrowdStrike by 1.8% in the second quarter. Means Investment CO. Inc. now owns 1,933 shares of the company's stock valued at $741,000 after purchasing an additional 35 shares during the period. Interchange Capital Partners LLC raised its position in CrowdStrike by 1.1% in the third quarter. Interchange Capital Partners LLC now owns 3,694 shares of the company's stock valued at $1,036,000 after purchasing an additional 39 shares during the period. Finally, JFS Wealth Advisors LLC raised its position in CrowdStrike by 9.1% in the third quarter. JFS Wealth Advisors LLC now owns 478 shares of the company's stock valued at $134,000 after purchasing an additional 40 shares during the period. Institutional investors and hedge funds own 71.16% of the company's stock.

CrowdStrike Price Performance

Shares of NASDAQ CRWD traded up $16.20 during trading on Wednesday, hitting $362.97. The company had a trading volume of 3,519,290 shares, compared to its average volume of 4,962,101. The business's 50-day moving average is $325.81 and its 200 day moving average is $313.36. 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 $398.33. The company has a market cap of $89.40 billion, a P/E ratio of 699.57, a PEG ratio of 19.63 and a beta of 1.11.

Analyst Upgrades and Downgrades

Several research firms have commented on CRWD. Needham & Company LLC raised their price objective on CrowdStrike from $360.00 to $420.00 and gave the company a "buy" rating in a research report on Wednesday, November 27th. Sanford C. Bernstein dropped their target price on CrowdStrike from $334.00 to $327.00 and set an "outperform" rating on the stock in a research report on Thursday, September 5th. UBS Group dropped their target price on CrowdStrike from $330.00 to $310.00 and set a "buy" rating on the stock in a research report on Thursday, August 29th. Bank of America lifted their target price on CrowdStrike from $365.00 to $400.00 and gave the stock a "buy" rating in a research report on Wednesday, November 27th. Finally, Citigroup lifted their target price on CrowdStrike from $300.00 to $400.00 and gave the stock a "buy" rating in a research report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $355.80.

Insider Buying and Selling at CrowdStrike

In other news, CAO Anurag Saha sold 1,683 shares of the company's stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $297.28, for a total value of $500,322.24. Following the transaction, the chief accounting officer now directly owns 38,962 shares of the company's stock, valued at approximately $11,582,623.36. This represents a 4.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Shawn Henry sold 4,500 shares of the company's stock in a transaction on Monday, September 16th. The stock was sold at an average price of $260.73, for a total transaction of $1,173,285.00. Following the completion of the transaction, the insider now directly owns 174,591 shares in the company, valued at $45,521,111.43. This trade represents a 2.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 144,498 shares of company stock valued at $45,116,385 in the last three months. 4.34% of the stock is currently owned by company insiders.

CrowdStrike Company 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.