Alliancebernstein L.P. Sells 22,622 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Alliancebernstein L.P. decreased its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 7.0% in the fourth quarter, Holdings Channel reports. The firm owned 300,352 shares of the company’s stock after selling 22,622 shares during the quarter. Alliancebernstein L.P.’s holdings in CrowdStrike were worth $102,768,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Benjamin Edwards Inc. grew its position in CrowdStrike by 260,400.0% in the third quarter. Benjamin Edwards Inc. now owns 5,210 shares of the company’s stock valued at $1,461,000 after acquiring an additional 5,208 shares during the period. Hilltop Holdings Inc. grew its holdings in shares of CrowdStrike by 1.8% in the 3rd quarter. Hilltop Holdings Inc. now owns 1,932 shares of the company’s stock worth $542,000 after purchasing an additional 34 shares during the last quarter. Investment Management Corp of Ontario increased its position in shares of CrowdStrike by 48.3% during the 3rd quarter. Investment Management Corp of Ontario now owns 7,673 shares of the company’s stock worth $2,152,000 after purchasing an additional 2,500 shares in the last quarter. Integrated Wealth Concepts LLC lifted its holdings in CrowdStrike by 18.2% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 19,828 shares of the company’s stock valued at $5,561,000 after purchasing an additional 3,056 shares during the last quarter. Finally, Ingalls & Snyder LLC raised its stake in shares of CrowdStrike by 2.3% in the third quarter. Ingalls & Snyder LLC now owns 6,250 shares of the company’s stock valued at $1,753,000 after acquiring an additional 140 shares during the last quarter. 71.16% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently weighed in on CRWD. Wedbush raised their price target on CrowdStrike from $390.00 to $395.00 and gave the company an “outperform” rating in a report on Wednesday, March 5th. Guggenheim reiterated a “neutral” rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Stifel Nicolaus dropped their target price on CrowdStrike from $475.00 to $435.00 and set a “buy” rating for the company in a research report on Wednesday, March 5th. Mizuho raised their target price on shares of CrowdStrike from $385.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, February 12th. Finally, Bank of America boosted their price target on shares of CrowdStrike from $400.00 to $420.00 and gave the stock a “buy” rating in a research note on Wednesday, February 26th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, thirty have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $400.88.

Insider Activity at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $354.91, for a total transaction of $1,419,640.00. Following the transaction, the insider now owns 98,214 shares of the company’s stock, valued at $34,857,130.74. The trade was a 3.91 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Burt W. Podbere sold 13,529 shares of the stock in a transaction on Friday, March 21st. The shares were sold at an average price of $358.10, for a total value of $4,844,734.90. Following the completion of the sale, the chief financial officer now owns 244,739 shares in the company, valued at approximately $87,641,035.90. This trade represents a 5.24 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 114,551 shares of company stock valued at $43,527,642. Insiders own 4.34% of the company’s stock.

CrowdStrike Trading Up 2.5 %

CrowdStrike stock opened at $371.49 on Thursday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. The firm has a 50-day moving average of $387.85 and a 200-day moving average of $351.03. The company has a market cap of $92.08 billion, a price-to-earnings ratio of 728.43, a P/E/G ratio of 17.86 and a beta of 1.19. CrowdStrike Holdings, Inc. has a one year low of $200.81 and a one year high of $455.59.

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.