Parallel Advisors LLC Trims Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Parallel Advisors LLC decreased its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 1.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 22,077 shares of the company’s stock after selling 351 shares during the period. Parallel Advisors LLC’s holdings in CrowdStrike were worth $7,784,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in CRWD. Norges Bank bought a new stake in CrowdStrike during the fourth quarter valued at $1,111,542,000. GAMMA Investing LLC boosted its stake in CrowdStrike by 50,536.2% during the first quarter. GAMMA Investing LLC now owns 1,086,652 shares of the company’s stock valued at $383,132,000 after buying an additional 1,084,506 shares during the period. Pathstone Holdings LLC boosted its stake in CrowdStrike by 379.0% during the fourth quarter. Pathstone Holdings LLC now owns 1,286,200 shares of the company’s stock valued at $440,116,000 after buying an additional 1,017,678 shares during the period. Raymond James Financial Inc. bought a new stake in CrowdStrike during the fourth quarter valued at $237,375,000. Finally, Voya Investment Management LLC boosted its stake in CrowdStrike by 43.5% during the fourth quarter. Voya Investment Management LLC now owns 1,920,901 shares of the company’s stock valued at $657,106,000 after buying an additional 582,471 shares during the period. Institutional investors own 71.16% of the company’s stock.

CrowdStrike Stock Down 2.1%

Shares of NASDAQ:CRWD opened at $458.81 on Friday. CrowdStrike Holdings, Inc. has a 52-week low of $200.81 and a 52-week high of $474.23. The firm has a market capitalization of $113.73 billion, a P/E ratio of 899.65, a P/E/G ratio of 17.86 and a beta of 1.22. The stock has a 50 day moving average price of $402.56 and a 200-day moving average price of $382.80. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86.

Insider Buying and Selling

In related news, insider Shawn Henry sold 4,500 shares of the company’s stock in a transaction that occurred 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. This represents a 4.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Anurag Saha sold 1,496 shares of the company’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 $536,495.52. Following the completion of the sale, the chief accounting officer now owns 36,165 shares in the company, valued at $12,969,492.30. The trade was a 3.97% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 195,431 shares of company stock worth $79,162,548 in the last 90 days. Insiders own 3.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on CRWD shares. Needham & Company LLC reissued a “buy” rating and set a $420.00 price objective on shares of CrowdStrike in a research note on Wednesday, March 5th. Jefferies Financial Group reiterated a “buy” rating on shares of CrowdStrike in a report on Wednesday, May 7th. The Goldman Sachs Group reiterated a “buy” rating on shares of CrowdStrike in a report on Wednesday, March 5th. BMO Capital Markets upped their price objective on CrowdStrike from $380.00 to $405.00 and gave the stock an “outperform” rating in a 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. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, CrowdStrike has a consensus rating of “Moderate Buy” and a consensus price target of $407.29.

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.