Mizuho Securities Co. Ltd. Sells 11,130 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Mizuho Securities Co. Ltd. reduced its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 91.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,000 shares of the company’s stock after selling 11,130 shares during the quarter. CrowdStrike makes up approximately 5.3% of Mizuho Securities Co. Ltd.’s portfolio, making the stock its 6th biggest position. Mizuho Securities Co. Ltd.’s holdings in CrowdStrike were worth $349,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of CRWD. Vanguard Group Inc. raised its stake in shares of CrowdStrike by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 21,926,011 shares of the company’s stock valued at $7,502,204,000 after acquiring an additional 342,294 shares in the last quarter. State Street Corp raised its position in CrowdStrike by 2.9% in the 3rd quarter. State Street Corp now owns 9,630,776 shares of the company’s stock valued at $2,701,144,000 after purchasing an additional 275,717 shares in the last quarter. Jennison Associates LLC boosted its stake in shares of CrowdStrike by 6.9% in the 4th quarter. Jennison Associates LLC now owns 5,420,980 shares of the company’s stock valued at $1,854,843,000 after buying an additional 352,180 shares during the period. Geode Capital Management LLC grew its position in shares of CrowdStrike by 2.0% during the third quarter. Geode Capital Management LLC now owns 4,893,457 shares of the company’s stock worth $1,367,505,000 after buying an additional 97,990 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of CrowdStrike by 12.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,570,440 shares of the company’s stock worth $440,461,000 after buying an additional 171,861 shares during the period. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

CrowdStrike Stock Performance

Shares of CRWD stock opened at $384.95 on Wednesday. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. CrowdStrike Holdings, Inc. has a 12-month low of $200.81 and a 12-month high of $455.59. The company has a market cap of $95.42 billion, a price-to-earnings ratio of 754.82, a price-to-earnings-growth ratio of 17.86 and a beta of 1.19. The stock has a 50 day simple moving average of $387.90 and a 200-day simple moving average of $347.04.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CRWD. Baird R W downgraded shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 3rd. BMO Capital Markets lifted their price objective on shares of CrowdStrike from $380.00 to $405.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 5th. Citigroup reissued a “buy” rating on shares of CrowdStrike in a report on Wednesday, February 5th. Susquehanna lifted their price target on CrowdStrike from $400.00 to $425.00 and gave the stock a “positive” rating in a report on Wednesday, March 5th. Finally, Barclays lowered their price objective on CrowdStrike from $506.00 to $475.00 and set an “overweight” rating for the company in a research report on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $400.26.

Insiders Place Their Bets

In other CrowdStrike news, CAO Anurag Saha sold 2,858 shares of the company’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $364.29, for a total value of $1,041,140.82. Following the sale, the chief accounting officer now owns 38,201 shares of the company’s stock, valued at approximately $13,916,242.29. This represents a 6.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Michael Sentonas sold 13,543 shares of the business’s stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $358.62, for a total transaction of $4,856,790.66. Following the completion of the sale, the president now owns 405,308 shares in the company, valued at $145,351,554.96. This represents a 3.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 113,659 shares of company stock worth $43,133,396. 4.34% of the stock is 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.