Flputnam Investment Management Co. Has $375,000 Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Flputnam Investment Management Co. reduced its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 14.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,097 shares of the company’s stock after selling 179 shares during the period. Flputnam Investment Management Co.’s holdings in CrowdStrike were worth $375,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Parkside Financial Bank & Trust boosted its position in CrowdStrike by 10.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 752 shares of the company’s stock worth $257,000 after acquiring an additional 69 shares during the last quarter. Fusion Capital LLC lifted its position in shares of CrowdStrike by 7.2% in the fourth quarter. Fusion Capital LLC now owns 822 shares of the company’s stock worth $281,000 after purchasing an additional 55 shares in the last quarter. Fort Sheridan Advisors LLC boosted its holdings in CrowdStrike by 3.5% during the fourth quarter. Fort Sheridan Advisors LLC now owns 10,362 shares of the company’s stock worth $3,545,000 after purchasing an additional 350 shares during the last quarter. QRG Capital Management Inc. grew its position in CrowdStrike by 15.0% in the fourth quarter. QRG Capital Management Inc. now owns 47,095 shares of the company’s stock valued at $16,114,000 after purchasing an additional 6,147 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new position in CrowdStrike in the fourth quarter valued at $86,869,000. 71.16% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CRWD has been the subject of a number of recent research reports. Stifel Nicolaus increased their price objective on shares of CrowdStrike from $400.00 to $475.00 and gave the stock a “buy” rating in a research note on Wednesday, February 19th. Oppenheimer increased their price target on CrowdStrike from $365.00 to $410.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Hsbc Global Res downgraded CrowdStrike from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Citigroup reiterated a “buy” rating on shares of CrowdStrike in a research note on Wednesday, February 5th. Finally, Canaccord Genuity Group raised their target price on shares of CrowdStrike from $370.00 to $420.00 and gave the company a “buy” rating in a research note on Monday. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have issued a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, CrowdStrike has an average rating of “Moderate Buy” and an average price target of $391.75.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $345.65, for a total value of $2,160,312.50. Following the transaction, the director now owns 811,842 shares in the company, valued at $280,613,187.30. The trade was a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Anurag Saha sold 1,863 shares of the stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $358.46, for a total transaction of $667,810.98. Following the completion of the transaction, the chief accounting officer now directly owns 41,059 shares of the company’s stock, valued at $14,718,009.14. This trade represents a 4.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 100,315 shares of company stock worth $38,387,254 over the last three months. Corporate insiders own 4.34% of the company’s stock.

CrowdStrike Stock Performance

Shares of CrowdStrike stock opened at $382.73 on Tuesday. 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 market cap of $94.27 billion, a PE ratio of 750.47, a price-to-earnings-growth ratio of 17.86 and a beta of 1.16. The company has a 50 day moving average of $387.36 and a 200-day moving average of $336.92. CrowdStrike Holdings, Inc. has a 1-year low of $200.81 and a 1-year high of $455.59.

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.