CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Stake Lessened by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans decreased its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 18.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 73,079 shares of the company’s stock after selling 16,203 shares during the quarter. Thrivent Financial for Lutherans’ holdings in CrowdStrike were worth $25,006,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Jacobi Capital Management LLC lifted its holdings in shares of CrowdStrike by 1.9% in the fourth quarter. Jacobi Capital Management LLC now owns 1,309 shares of the company’s stock valued at $448,000 after buying an additional 25 shares during the period. Dorsey & Whitney Trust CO LLC lifted its holdings in CrowdStrike by 1.4% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 1,974 shares of the company’s stock valued at $675,000 after acquiring an additional 27 shares during the last quarter. Wintrust Investments LLC boosted its position in shares of CrowdStrike by 4.2% during the 4th quarter. Wintrust Investments LLC now owns 719 shares of the company’s stock valued at $246,000 after purchasing an additional 29 shares in the last quarter. Synergy Financial Group LTD grew its stake in shares of CrowdStrike by 0.8% in the 3rd quarter. Synergy Financial Group LTD now owns 3,950 shares of the company’s stock worth $1,108,000 after purchasing an additional 30 shares during the last quarter. Finally, Greenwich Wealth Management LLC raised its holdings in shares of CrowdStrike by 4.0% in the 4th quarter. Greenwich Wealth Management LLC now owns 776 shares of the company’s stock worth $265,000 after purchasing an additional 30 shares in the last quarter. 71.16% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Hsbc Global Res lowered shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Truist Financial lifted their target price on CrowdStrike from $385.00 to $460.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. DA Davidson upped their target price on CrowdStrike from $395.00 to $415.00 and gave the company a “buy” rating in a report on Wednesday, March 5th. Royal Bank of Canada restated an “outperform” rating on shares of CrowdStrike in a report on Wednesday, March 5th. Finally, Robert W. Baird reduced their price objective on shares of CrowdStrike from $440.00 to $405.00 and set a “neutral” rating for the company in a research note on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $399.51.

CrowdStrike Trading Down 1.6 %

Shares of CRWD stock opened at $369.03 on Friday. The firm has a market capitalization of $91.47 billion, a P/E ratio of 723.60, a price-to-earnings-growth ratio of 17.86 and a beta of 1.19. CrowdStrike Holdings, Inc. has a 1 year low of $200.81 and a 1 year high of $455.59. The firm’s fifty day simple moving average is $386.27 and its 200 day simple moving average is $343.52. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24.

Insiders Place Their Bets

In related news, insider Shawn Henry sold 5,505 shares of the stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $358.47, for a total value of $1,973,377.35. Following the completion of the sale, the insider now owns 110,293 shares in the company, valued at approximately $39,536,731.71. This trade represents a 4.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Burt W. Podbere sold 11,217 shares of the business’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $358.14, for a total value of $4,017,256.38. Following the transaction, the chief financial officer now owns 290,711 shares in the company, valued at $104,115,237.54. This represents a 3.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 100,315 shares of company stock worth $38,319,124 in the last ninety days. 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.