DF Dent & Co. Inc. Reduces Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

DF Dent & Co. Inc. lowered its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 17.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 94,922 shares of the company’s stock after selling 20,007 shares during the quarter. DF Dent & Co. Inc.’s holdings in CrowdStrike were worth $32,479,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Norges Bank acquired a new stake in CrowdStrike during the fourth quarter worth $1,111,542,000. Raymond James Financial Inc. purchased a new position in shares of CrowdStrike during the 4th quarter worth $237,375,000. Amundi increased its position in shares of CrowdStrike by 41.9% during the 4th quarter. Amundi now owns 1,382,952 shares of the company’s stock worth $496,093,000 after purchasing an additional 408,190 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in CrowdStrike by 2,586.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 418,094 shares of the company’s stock valued at $143,055,000 after buying an additional 402,531 shares during the period. Finally, Franklin Resources Inc. lifted its position in CrowdStrike by 36.5% in the fourth quarter. Franklin Resources Inc. now owns 1,378,856 shares of the company’s stock valued at $471,789,000 after buying an additional 368,931 shares during the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.

CrowdStrike Stock Up 2.5 %

CrowdStrike stock opened at $371.49 on Thursday. The stock has a 50-day simple moving average of $387.85 and a 200-day simple moving average of $351.03. The company has a market capitalization of $92.08 billion, a P/E ratio of 728.43, a PEG ratio of 17.86 and a beta of 1.19. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $455.59.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Guggenheim reiterated a “neutral” rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Morgan Stanley set a $429.00 target price on shares of CrowdStrike in a report on Tuesday, March 18th. Needham & Company LLC restated a “buy” rating and set a $420.00 price target on shares of CrowdStrike in a research note on Wednesday, March 5th. DA Davidson raised their price target on CrowdStrike from $395.00 to $415.00 and gave the stock a “buy” rating in a research report on Wednesday, March 5th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $440.00 price objective on shares of CrowdStrike in a report on Wednesday, March 5th. 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 issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $400.88.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, President Michael Sentonas sold 13,543 shares of CrowdStrike stock in a transaction on Friday, March 21st. The shares were sold at an average price of $358.62, for a total value of $4,856,790.66. Following the transaction, the president now directly 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Anurag Saha sold 1,496 shares of the stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $358.62, for a total transaction of $536,495.52. Following the sale, the chief accounting officer now owns 36,165 shares of the company’s stock, valued at $12,969,492.30. This trade represents a 3.97 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 114,551 shares of company stock worth $43,527,642. 4.34% of the stock is owned by insiders.

CrowdStrike 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.