Crown Wealth Group LLC Sells 42 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Crown Wealth Group LLC lessened its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 3.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,087 shares of the company’s stock after selling 42 shares during the quarter. Crown Wealth Group LLC’s holdings in CrowdStrike were worth $372,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Empirical Asset Management LLC bought a new stake in shares of CrowdStrike during the fourth quarter worth about $11,310,000. Beacon Financial Advisory LLC acquired a new position in CrowdStrike during the 3rd quarter valued at about $955,000. Sumitomo Mitsui Trust Group Inc. increased its holdings in CrowdStrike by 10.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 846,189 shares of the company’s stock worth $237,331,000 after purchasing an additional 78,305 shares in the last quarter. Hemenway Trust Co LLC raised its stake in shares of CrowdStrike by 356.8% in the third quarter. Hemenway Trust Co LLC now owns 6,852 shares of the company’s stock worth $1,922,000 after purchasing an additional 5,352 shares during the last quarter. Finally, Arcadia Investment Management Corp MI lifted its holdings in shares of CrowdStrike by 30.8% in the fourth quarter. Arcadia Investment Management Corp MI now owns 11,954 shares of the company’s stock valued at $4,090,000 after purchasing an additional 2,814 shares in the last quarter. Institutional investors and hedge funds own 71.16% of the company’s stock.

Analyst Ratings Changes

CRWD has been the subject of a number of analyst reports. KeyCorp increased their price target on CrowdStrike from $395.00 to $480.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th. Barclays raised their price target on shares of CrowdStrike from $372.00 to $506.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. Morgan Stanley upped their price objective on shares of CrowdStrike from $390.00 to $429.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 19th. HSBC cut shares of CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 target price on the stock. in a research report on Wednesday, November 27th. Finally, Citigroup reaffirmed a “buy” rating on shares of CrowdStrike in a report on Wednesday, February 5th. One investment 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 company. According to data from MarketBeat, CrowdStrike currently has an average rating of “Moderate Buy” and an average price target of $387.08.

CrowdStrike Stock Up 3.9 %

Shares of NASDAQ CRWD opened at $394.56 on Thursday. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. The company has a 50-day moving average of $385.81 and a 200 day moving average of $333.53. CrowdStrike Holdings, Inc. has a 12-month low of $200.81 and a 12-month high of $455.59. The stock has a market cap of $97.18 billion, a PE ratio of 773.66, a P/E/G ratio of 17.86 and a beta of 1.16.

Insider Activity

In related news, Director Sameer K. Gandhi sold 6,250 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $349.34, for a total transaction of $2,183,375.00. Following the completion of the sale, the director now directly owns 809,266 shares in the company, valued at approximately $282,708,984.44. This trade represents a 0.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 completion of the transaction, the insider now owns 115,798 shares in the company, valued at $42,629,875.72. The trade was a 3.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 136,565 shares of company stock worth $51,038,529 over the last ninety days. Corporate insiders own 4.34% of the company’s stock.

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.