CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Sold by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA decreased its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 20.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,206,405 shares of the company’s stock after selling 304,646 shares during the quarter. Pictet Asset Management Holding SA’s holdings in CrowdStrike were worth $412,784,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Berbice Capital Management LLC purchased a new position in shares of CrowdStrike during the 4th quarter worth $27,000. FPC Investment Advisory Inc. increased its position in CrowdStrike by 811.1% during the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock worth $28,000 after purchasing an additional 73 shares during the last quarter. Fortitude Family Office LLC increased its position in CrowdStrike by 112.8% during the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock worth $28,000 after purchasing an additional 44 shares during the last quarter. Crowley Wealth Management Inc. purchased a new position in CrowdStrike during the fourth quarter worth about $34,000. Finally, Luken Investment Analytics LLC acquired a new position in CrowdStrike in the 4th quarter valued at about $34,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, President Michael Sentonas sold 13,543 shares of the business’s stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $358.62, for a total value of $4,856,790.66. Following the completion of the sale, the president now owns 405,308 shares in the company, valued at approximately $145,351,554.96. The trade was a 3.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Sameer K. Gandhi sold 6,250 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $345.65, for a total transaction of $2,160,312.50. Following the transaction, the director now owns 811,842 shares in the company, valued at approximately $280,613,187.30. This trade represents a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 110,801 shares of company stock worth $42,092,255 over the last 90 days. Corporate insiders own 4.34% of the company’s stock.

CrowdStrike Trading Down 1.3 %

NASDAQ CRWD opened at $366.56 on Friday. The firm’s fifty day moving average price is $388.15 and its 200 day moving average price is $347.35. CrowdStrike Holdings, Inc. has a 12 month low of $200.81 and a 12 month 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. The company has a market capitalization of $90.86 billion, a price-to-earnings ratio of 718.76, a price-to-earnings-growth ratio of 17.86 and a beta of 1.19.

Analysts Set New Price Targets

CRWD has been the subject of a number of recent analyst reports. Robert W. Baird cut their price target on shares of CrowdStrike from $440.00 to $405.00 and set a “neutral” rating for the company in a report on Wednesday, March 5th. Barclays cut their target price on CrowdStrike from $506.00 to $475.00 and set an “overweight” rating for the company in a research note on Wednesday, March 5th. UBS Group decreased their price target on CrowdStrike from $450.00 to $425.00 and set a “buy” rating on the stock in a research note on Wednesday, March 5th. Needham & Company LLC reiterated a “buy” rating and set a $420.00 price target on shares of CrowdStrike in a report on Wednesday, March 5th. Finally, KeyCorp reduced their price objective on shares of CrowdStrike from $480.00 to $450.00 and set an “overweight” rating on the stock in a report on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $400.26.

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.