Rise Advisors LLC Sells 80 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Rise Advisors LLC lessened its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 21.9% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 285 shares of the company’s stock after selling 80 shares during the period. Rise Advisors LLC’s holdings in CrowdStrike were worth $98,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. State Street Corp grew its stake in CrowdStrike by 2.9% in the 3rd quarter. State Street Corp now owns 9,630,776 shares of the company’s stock valued at $2,701,144,000 after purchasing an additional 275,717 shares during the period. Jennison Associates LLC grew its position in 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 period. Geode Capital Management LLC increased its holdings in CrowdStrike by 2.0% during the third quarter. Geode Capital Management LLC now owns 4,893,457 shares of the company’s stock worth $1,367,505,000 after buying an additional 97,990 shares during the last quarter. Legal & General Group Plc raised its position in CrowdStrike by 3.0% in the second quarter. Legal & General Group Plc now owns 2,049,704 shares of the company’s stock worth $785,425,000 after acquiring an additional 60,607 shares during the period. Finally, Ameriprise Financial Inc. boosted its stake in CrowdStrike by 4.4% in the second quarter. Ameriprise Financial Inc. now owns 1,817,387 shares of the company’s stock valued at $696,471,000 after acquiring an additional 77,100 shares during the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Insider Buying and Selling

In other news, CAO Anurag Saha sold 1,863 shares of the firm’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $358.46, for a total value of $667,810.98. Following the completion of the sale, the chief accounting officer now directly owns 41,059 shares of the company’s stock, valued at approximately $14,718,009.14. This trade represents a 4.34 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Shawn Henry sold 4,500 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $368.14, for a total transaction of $1,656,630.00. Following the transaction, the insider now owns 115,798 shares in the company, valued at $42,629,875.72. This represents a 3.74 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 116,601 shares of company stock valued at $40,755,368 over the last quarter. 4.34% of the stock is owned by company insiders.

CrowdStrike Trading Down 1.4 %

Shares of CRWD stock traded down $4.98 during trading hours on Tuesday, reaching $361.38. The company’s stock had a trading volume of 1,461,251 shares, compared to its average volume of 2,425,427. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. CrowdStrike Holdings, Inc. has a one year low of $200.81 and a one year high of $398.33. The stock has a market capitalization of $89.01 billion, a P/E ratio of 708.60, a P/E/G ratio of 19.48 and a beta of 1.14. The firm’s fifty day simple moving average is $348.02 and its 200 day simple moving average is $313.73.

Analysts Set New Price Targets

CRWD has been the subject of several research analyst reports. Truist Financial raised their price target on shares of CrowdStrike from $375.00 to $385.00 and gave the stock a “buy” rating in a research note on Tuesday. The Goldman Sachs Group boosted their target price on CrowdStrike from $372.00 to $415.00 and gave the company a “buy” rating in a research note on Tuesday, December 24th. Susquehanna increased their price target on CrowdStrike from $310.00 to $400.00 and gave the stock a “positive” rating in a research note on Wednesday, November 27th. Barclays lifted their price objective on CrowdStrike from $295.00 to $372.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. Finally, Rosenblatt Securities upped their price objective on shares of CrowdStrike from $325.00 to $385.00 and gave the company a “buy” rating in a report on Monday, November 25th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $365.88.

About CrowdStrike

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.