PFG Investments LLC Sells 464 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

PFG Investments LLC trimmed its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 20.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,838 shares of the company’s stock after selling 464 shares during the quarter. PFG Investments LLC’s holdings in CrowdStrike were worth $469,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. increased its stake in CrowdStrike by 17.6% in the second quarter. BlackRock Inc. now owns 16,070,200 shares of the company’s stock valued at $2,360,230,000 after acquiring an additional 2,401,659 shares during the last quarter. Vanguard Group Inc. boosted its position in CrowdStrike by 1.0% in the third quarter. Vanguard Group Inc. now owns 14,717,715 shares of the company’s stock valued at $2,463,451,000 after buying an additional 150,898 shares in the last quarter. Morgan Stanley boosted its position in CrowdStrike by 124.4% in the third quarter. Morgan Stanley now owns 4,973,809 shares of the company’s stock valued at $832,516,000 after buying an additional 2,757,251 shares in the last quarter. State Street Corp boosted its position in CrowdStrike by 1.6% in the second quarter. State Street Corp now owns 4,392,861 shares of the company’s stock valued at $645,179,000 after buying an additional 70,484 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. lifted its holdings in shares of CrowdStrike by 62.1% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,761,214 shares of the company’s stock worth $396,019,000 after purchasing an additional 1,440,905 shares during the period. 71.16% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CRWD. The Goldman Sachs Group boosted their target price on shares of CrowdStrike from $222.00 to $370.00 and gave the company a “buy” rating in a report on Wednesday, February 21st. JMP Securities boosted their target price on shares of CrowdStrike from $330.00 to $400.00 and gave the company a “market outperform” rating in a report on Wednesday, March 6th. Morgan Stanley boosted their target price on shares of CrowdStrike from $304.00 to $372.00 and gave the company an “overweight” rating in a report on Wednesday, March 13th. Mizuho lifted their price target on shares of CrowdStrike from $360.00 to $390.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Finally, DA Davidson lifted their price target on shares of CrowdStrike from $285.00 to $425.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. One equities research analyst has rated the stock with a hold rating and thirty-seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $373.29.

Insider Activity at CrowdStrike

In related news, CAO Anurag Saha sold 1,019 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $325.80, for a total transaction of $331,990.20. Following the sale, the chief accounting officer now owns 36,136 shares of the company’s stock, valued at approximately $11,773,108.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CAO Anurag Saha sold 1,019 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $325.80, for a total transaction of $331,990.20. Following the sale, the chief accounting officer now owns 36,136 shares of the company’s stock, valued at approximately $11,773,108.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Burt W. Podbere sold 26,097 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $325.61, for a total transaction of $8,497,444.17. Following the sale, the chief financial officer now directly owns 347,792 shares in the company, valued at approximately $113,244,553.12. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 237,667 shares of company stock worth $72,822,280. 5.68% of the stock is owned by corporate insiders.

CrowdStrike Stock Performance

Shares of CRWD stock opened at $322.25 on Thursday. The stock has a market capitalization of $77.94 billion, a P/E ratio of 895.16, a PEG ratio of 13.18 and a beta of 1.06. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.32. The firm’s 50 day moving average is $314.16 and its 200 day moving average is $246.80. CrowdStrike Holdings, Inc. has a 12 month low of $115.67 and a 12 month high of $365.00.

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.