CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. cut its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 0.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 351,038 shares of the company’s stock after selling 1,062 shares during the period. Envestnet Asset Management Inc.’s holdings in CrowdStrike were worth $120,111,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CRWD. Kovitz Investment Group Partners LLC boosted its holdings in CrowdStrike by 216.5% in the third quarter. Kovitz Investment Group Partners LLC now owns 3,905 shares of the company’s stock worth $1,095,000 after acquiring an additional 2,671 shares in the last quarter. Headinvest LLC purchased a new position in shares of CrowdStrike in the 3rd quarter valued at approximately $229,000. MML Investors Services LLC boosted its stake in CrowdStrike by 5.5% in the 3rd quarter. MML Investors Services LLC now owns 61,789 shares of the company’s stock worth $17,330,000 after purchasing an additional 3,247 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in CrowdStrike by 3.1% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 101,161 shares of the company’s stock worth $28,373,000 after purchasing an additional 3,080 shares during the last quarter. Finally, Continuum Advisory LLC increased its stake in CrowdStrike by 235.0% during the 3rd quarter. Continuum Advisory LLC now owns 717 shares of the company’s stock valued at $201,000 after purchasing an additional 503 shares in the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on CRWD shares. Piper Sandler set a $347.00 price objective on shares of CrowdStrike in a research note on Wednesday, March 5th. Wells Fargo & Company boosted their price target on CrowdStrike from $400.00 to $430.00 and gave the company an “overweight” rating in a research note on Wednesday, March 5th. Evercore ISI raised their price objective on CrowdStrike from $400.00 to $450.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 5th. Robert W. Baird dropped their price objective on shares of CrowdStrike from $440.00 to $405.00 and set a “neutral” rating on the stock in a report on Wednesday, March 5th. Finally, Baird R W downgraded shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 3rd. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirty have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, CrowdStrike presently has an average rating of “Moderate Buy” and an average target price of $400.88.

Insiders Place Their Bets

In other CrowdStrike news, insider Shawn Henry sold 4,500 shares of CrowdStrike stock in a transaction on Monday, March 17th. The stock was sold at an average price of $353.00, for a total value of $1,588,500.00. Following the sale, the insider now owns 89,714 shares in the company, valued at $31,669,042. The trade was a 4.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sameer K. Gandhi sold 17,120 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $428.13, for a total value of $7,329,585.60. Following the transaction, the director now owns 780,592 shares of the company’s stock, valued at approximately $334,194,852.96. This represents a 2.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 114,551 shares of company stock valued at $43,527,642 over the last ninety days. Company insiders own 4.34% of the company’s stock.

CrowdStrike Trading Up 0.8 %

Shares of CRWD stock opened at $324.36 on Tuesday. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. CrowdStrike Holdings, Inc. has a twelve month low of $200.81 and a twelve month high of $455.59. The company’s 50-day moving average price is $385.19 and its 200-day moving average price is $352.89. The stock has a market cap of $80.40 billion, a price-to-earnings ratio of 636.01, a PEG ratio of 17.86 and a beta of 1.28.

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.