Summit Global Investments Sells 173 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Summit Global Investments decreased its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 6.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,587 shares of the company’s stock after selling 173 shares during the period. Summit Global Investments’ holdings in CrowdStrike were worth $885,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Mindset Wealth Management LLC lifted its position in shares of CrowdStrike by 30.9% during the 4th quarter. Mindset Wealth Management LLC now owns 1,644 shares of the company’s stock worth $563,000 after buying an additional 388 shares during the period. TD Private Client Wealth LLC raised its stake in CrowdStrike by 30.5% during the fourth quarter. TD Private Client Wealth LLC now owns 851 shares of the company’s stock worth $291,000 after acquiring an additional 199 shares in the last quarter. Loudon Investment Management LLC bought a new position in shares of CrowdStrike during the fourth quarter valued at $231,000. AllSquare Wealth Management LLC boosted its stake in shares of CrowdStrike by 88.5% in the 4th quarter. AllSquare Wealth Management LLC now owns 213 shares of the company’s stock valued at $73,000 after purchasing an additional 100 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. grew its holdings in shares of CrowdStrike by 6.3% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 10,375 shares of the company’s stock worth $3,550,000 after purchasing an additional 611 shares during the last quarter. 71.16% of the stock is owned by institutional investors and hedge funds.

CrowdStrike Trading Down 1.8 %

NASDAQ:CRWD opened at $362.24 on Monday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. The business’s 50-day simple moving average is $386.53 and its 200-day simple moving average is $345.25. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $455.59. The stock has a market capitalization of $89.79 billion, a PE ratio of 710.29, a price-to-earnings-growth ratio of 17.86 and a beta of 1.19.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CRWD. Mizuho lifted their price target on shares of CrowdStrike from $385.00 to $450.00 and gave the company an “outperform” rating in a report on Wednesday, February 12th. Hsbc Global Res cut shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 27th. DA Davidson increased 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. Rosenblatt Securities reiterated a “buy” rating and issued a $450.00 price objective on shares of CrowdStrike in a research report on Wednesday, March 5th. Finally, Piper Sandler set a $347.00 target price on CrowdStrike in a report on Wednesday, March 5th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $399.51.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 2,858 shares of the company’s stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $364.29, for a total transaction of $1,041,140.82. Following the completion of the transaction, the chief accounting officer now owns 38,201 shares of the company’s stock, valued at $13,916,242.29. This represents a 6.96 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $354.91, for a total transaction of $1,419,640.00. Following the completion of the sale, the insider now owns 98,214 shares in the company, valued at $34,857,130.74. This trade represents a 3.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 52,858 shares of company stock valued at $21,288,706. 4.34% of the stock is currently owned by corporate insiders.

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.