Crumly & Associates Inc. Cuts Stock Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Crumly & Associates Inc. decreased its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 4.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,249 shares of the company’s stock after selling 101 shares during the period. Crumly & Associates Inc.’s holdings in CrowdStrike were worth $770,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of CRWD. Jennison Associates LLC boosted its position in shares of CrowdStrike by 25.0% during the third quarter. Jennison Associates LLC now owns 5,068,800 shares of the company’s stock valued at $1,421,646,000 after buying an additional 1,013,161 shares during the last quarter. International Assets Investment Management LLC boosted its position in CrowdStrike by 17,926.3% in the third quarter. International Assets Investment Management LLC now owns 925,831 shares of the company’s stock worth $259,668,000 after purchasing an additional 920,695 shares during the last quarter. Daiwa Securities Group Inc. boosted its position in CrowdStrike by 1,655.9% in the third quarter. Daiwa Securities Group Inc. now owns 755,951 shares of the company’s stock worth $212,021,000 after purchasing an additional 712,900 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in CrowdStrike by 248.6% in the third quarter. Assenagon Asset Management S.A. now owns 521,198 shares of the company’s stock worth $146,180,000 after purchasing an additional 371,695 shares during the last quarter. Finally, State Street Corp boosted its position in CrowdStrike by 2.9% in the third quarter. State Street Corp now owns 9,630,776 shares of the company’s stock worth $2,701,144,000 after purchasing an additional 275,717 shares during the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Insider Transactions at CrowdStrike

In other news, President Michael Sentonas sold 10,801 shares of the company’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $358.47, for a total value of $3,871,834.47. Following the completion of the transaction, the president now directly owns 389,589 shares in the company, valued at approximately $139,655,968.83. This represents a 2.70 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Shawn Henry sold 4,500 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $368.14, for a total value of $1,656,630.00. Following the completion of the transaction, the insider now owns 115,798 shares of the company’s stock, valued at $42,629,875.72. The trade was a 3.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 136,565 shares of company stock worth $51,038,529. 4.34% of the stock is currently owned by corporate insiders.

CrowdStrike Price Performance

CrowdStrike stock opened at $436.14 on Friday. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week high of $455.59. The business has a 50-day simple moving average of $383.99 and a 200 day simple moving average of $328.39. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. The stock has a market cap of $107.43 billion, a price-to-earnings ratio of 855.19, a PEG ratio of 18.44 and a beta of 1.16.

Analyst Ratings Changes

CRWD has been the topic of several research analyst reports. Morgan Stanley boosted their price objective on CrowdStrike from $390.00 to $429.00 and gave the stock an “overweight” rating in a research report on Wednesday. Bank of America boosted their price objective on CrowdStrike from $365.00 to $400.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Cantor Fitzgerald boosted their price objective on CrowdStrike from $350.00 to $370.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. Oppenheimer boosted their price objective on CrowdStrike from $365.00 to $410.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Finally, Barclays boosted their price objective on CrowdStrike from $295.00 to $372.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, CrowdStrike presently has an average rating of “Moderate Buy” and an average price target of $379.73.

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.