CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Stake Reduced by WealthShield Partners LLC

WealthShield Partners LLC cut its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 3.6% during the 4th quarter, Holdings Channel.com reports. The fund owned 16,423 shares of the company’s stock after selling 620 shares during the quarter. WealthShield Partners LLC’s holdings in CrowdStrike were worth $5,619,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Empirical Asset Management LLC bought a new stake in CrowdStrike in the fourth quarter worth about $11,310,000. Beacon Financial Advisory LLC acquired a new stake in CrowdStrike during the 3rd quarter worth about $955,000. Sumitomo Mitsui Trust Group Inc. raised its holdings in CrowdStrike by 10.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 846,189 shares of the company’s stock worth $237,331,000 after buying an additional 78,305 shares during the period. DekaBank Deutsche Girozentrale raised its holdings in CrowdStrike by 0.7% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 439,865 shares of the company’s stock worth $124,644,000 after buying an additional 2,863 shares during the period. Finally, Hemenway Trust Co LLC raised its holdings in CrowdStrike by 356.8% during the 3rd quarter. Hemenway Trust Co LLC now owns 6,852 shares of the company’s stock worth $1,922,000 after buying an additional 5,352 shares during the period. 71.16% of the stock is currently owned by institutional investors.

CrowdStrike Stock Performance

Shares of NASDAQ CRWD opened at $406.61 on Monday. The business has a fifty day simple moving average of $384.76 and a 200 day simple moving average of $331.06. 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 firm has a market capitalization of $100.15 billion, a price-to-earnings ratio of 797.30, a PEG ratio of 17.86 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.

Insider Activity at CrowdStrike

In related news, Director Sameer K. Gandhi sold 6,250 shares of the company’s 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 transaction, the director now directly owns 811,842 shares in the company, valued at approximately $280,613,187.30. This represents a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 completion of the transaction, the insider now owns 94,214 shares of the company’s stock, 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. Over the last ninety days, insiders sold 136,565 shares of company stock worth $51,038,529. 4.34% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms have issued reports on CRWD. Susquehanna boosted their price objective on CrowdStrike from $310.00 to $400.00 and gave the stock a “positive” rating in a report on Wednesday, November 27th. Oppenheimer lifted their target price on CrowdStrike from $365.00 to $410.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Mizuho lifted their target price on CrowdStrike from $385.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, February 12th. Barclays lifted their target price on CrowdStrike from $372.00 to $506.00 and gave the company an “overweight” rating in a research note on Friday. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $400.00 target price on shares of CrowdStrike in a research note on Monday, November 4th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-eight have given a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, CrowdStrike currently has an average rating of “Moderate Buy” and a consensus price target of $383.08.

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.