CIBC Private Wealth Group LLC Sells 2,124 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

CIBC Private Wealth Group LLC decreased its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 2.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 85,778 shares of the company’s stock after selling 2,124 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in CrowdStrike were worth $30,770,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Berbice Capital Management LLC bought a new position in CrowdStrike in the fourth quarter valued at approximately $27,000. Fortitude Family Office LLC boosted its holdings in shares of CrowdStrike by 112.8% in the 4th 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 last quarter. FPC Investment Advisory Inc. grew its stake in shares of CrowdStrike by 811.1% in 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 acquired a new position in CrowdStrike during the fourth quarter worth $34,000. Finally, Crowley Wealth Management Inc. bought a new stake in CrowdStrike during the fourth quarter worth $34,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on CRWD. Cantor Fitzgerald restated an “overweight” rating and set a $440.00 price objective on shares of CrowdStrike in a research note on Wednesday, March 5th. Needham & Company LLC reissued a “buy” rating and set a $420.00 price target on shares of CrowdStrike in a research report on Wednesday, March 5th. Citigroup reaffirmed a “buy” rating on shares of CrowdStrike in a research report on Wednesday, February 5th. Raymond James lowered CrowdStrike from an “outperform” rating to a “cautious” rating in a report on Monday, March 10th. Finally, Bank of America raised their price target on CrowdStrike from $400.00 to $420.00 and gave the company a “buy” rating in a report on Wednesday, February 26th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, CrowdStrike has a consensus rating of “Moderate Buy” and a consensus target price of $399.62.

Insider Buying and Selling at CrowdStrike

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 in the company, valued at $280,613,187.30. This represents a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $354.91, for a total value of $1,419,640.00. Following the transaction, the insider now directly owns 98,214 shares in the company, valued at $34,857,130.74. The trade was a 3.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 110,801 shares of company stock worth $42,092,255. 4.34% of the stock is currently owned by company insiders.

CrowdStrike Stock Performance

CrowdStrike stock opened at $352.58 on Tuesday. The business has a 50 day moving average of $388.06 and a 200-day moving average of $350.16. The company has a market capitalization of $87.40 billion, a P/E ratio of 691.35, a P/E/G ratio of 17.86 and a beta of 1.19. CrowdStrike Holdings, Inc. has a 1 year low of $200.81 and a 1 year high of $455.59. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86.

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.