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

Gotham Asset Management LLC lowered its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 11.7% in the fourth quarter, Holdings Channel reports. The firm owned 66,866 shares of the company’s stock after selling 8,889 shares during the period. Gotham Asset Management LLC’s holdings in CrowdStrike were worth $22,879,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of CrowdStrike by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 21,926,011 shares of the company’s stock valued at $7,502,204,000 after acquiring an additional 342,294 shares during the last quarter. Jennison Associates LLC increased its position in shares of CrowdStrike by 6.9% during the fourth quarter. Jennison Associates LLC now owns 5,420,980 shares of the company’s stock worth $1,854,843,000 after purchasing an additional 352,180 shares in the last quarter. Geode Capital Management LLC raised its stake in CrowdStrike by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 5,018,441 shares of the company’s stock valued at $1,712,063,000 after purchasing an additional 124,984 shares during the last quarter. Norges Bank purchased a new position in CrowdStrike in the 4th quarter valued at $1,111,542,000. Finally, Northern Trust Corp boosted its stake in CrowdStrike by 16.6% during the 4th quarter. Northern Trust Corp now owns 2,271,722 shares of the company’s stock worth $777,292,000 after purchasing an additional 324,136 shares during the last quarter. Institutional investors and hedge funds own 71.16% of the company’s stock.

CrowdStrike Stock Performance

Shares of CRWD stock opened at $410.73 on Friday. The company has a market cap of $101.81 billion, a P/E ratio of 805.37, a PEG ratio of 17.86 and a beta of 1.22. The firm has a fifty day moving average price of $376.01 and a 200 day moving average price of $369.70. 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 12 month low of $200.81 and a 12 month high of $455.59.

Insiders Place Their Bets

In other CrowdStrike news, CEO George Kurtz sold 55,556 shares of the firm’s stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $447.54, for a total transaction of $24,863,532.24. Following the sale, the chief executive officer now owns 2,192,610 shares of the company’s stock, valued at approximately $981,280,679.40. This trade represents a 2.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Anurag Saha sold 1,496 shares of the company’s stock in a transaction on Friday, March 21st. The shares were sold at an average price of $358.62, for a total transaction of $536,495.52. Following the completion of the transaction, the chief accounting officer now owns 36,165 shares of the company’s stock, valued at approximately $12,969,492.30. The trade was a 3.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 206,551 shares of company stock valued at $83,604,814 in the last ninety days. Insiders own 4.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Raymond James cut shares of CrowdStrike from an “outperform” rating to a “cautious” rating in a research report on Monday, March 10th. Guggenheim reiterated a “neutral” rating on shares of CrowdStrike in a report on Wednesday, March 5th. Bank of America boosted their target price on CrowdStrike from $400.00 to $420.00 and gave the stock a “buy” rating in a report on Wednesday, February 26th. DA Davidson increased their price target on CrowdStrike from $395.00 to $415.00 and gave the company a “buy” rating in a report on Wednesday, March 5th. Finally, Truist Financial lowered their price objective on CrowdStrike from $460.00 to $450.00 and set a “buy” rating on the stock in a research note on Monday, March 31st. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirty have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $403.20.

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.