EULAV Asset Management Reduces Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

EULAV Asset Management trimmed its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 6.1% during the fourth quarter, HoldingsChannel reports. The firm owned 46,000 shares of the company’s stock after selling 3,000 shares during the period. EULAV Asset Management’s holdings in CrowdStrike were worth $15,739,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Berbice Capital Management LLC purchased a new position in CrowdStrike during the fourth quarter worth approximately $27,000. Fortitude Family Office LLC raised its holdings in shares of CrowdStrike by 112.8% during the 4th quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock worth $28,000 after acquiring an additional 44 shares during the period. Oakworth Capital Inc. acquired a new position in shares of CrowdStrike during the 3rd quarter valued at about $28,000. Luken Investment Analytics LLC purchased a new stake in shares of CrowdStrike in the fourth quarter valued at about $34,000. Finally, Tsfg LLC increased its position in CrowdStrike by 593.3% during the third quarter. Tsfg LLC now owns 104 shares of the company’s stock worth $29,000 after purchasing an additional 89 shares during the last quarter. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $340.44, for a total value of $1,361,760.00. Following the completion of the sale, the insider now directly owns 120,298 shares of the company’s stock, valued at $40,954,251.12. This represents a 3.22 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Anurag Saha sold 1,863 shares of CrowdStrike stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $358.46, for a total value of $667,810.98. Following the transaction, the chief accounting officer now directly owns 41,059 shares in the company, valued at approximately $14,718,009.14. This trade represents a 4.34 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 111,565 shares of company stock worth $39,898,614. Corporate insiders own 4.34% of the company’s stock.

CrowdStrike Stock Performance

Shares of CRWD opened at $421.59 on Friday. The company has a market capitalization of $103.84 billion, a price-to-earnings ratio of 826.66, a price-to-earnings-growth ratio of 21.13 and a beta of 1.16. CrowdStrike Holdings, Inc. has a 52-week low of $200.81 and a 52-week high of $431.33. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. The stock has a 50 day moving average price of $367.00 and a 200 day moving average price of $314.86.

Wall Street Analysts Forecast Growth

CRWD has been the subject of several analyst reports. JMP Securities reissued a “market outperform” rating and issued a $400.00 price target on shares of CrowdStrike in a research note on Monday, November 4th. Susquehanna increased their price objective on CrowdStrike from $310.00 to $400.00 and gave the stock a “positive” rating in a research report on Wednesday, November 27th. Robert W. Baird restated a “neutral” rating and issued a $430.00 target price (up previously from $390.00) on shares of CrowdStrike in a research report on Monday, February 3rd. JPMorgan Chase & Co. increased their price target on CrowdStrike from $372.00 to $418.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. Finally, Hsbc Global Res lowered shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $370.00.

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.