DnB Asset Management AS Sells 198,732 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

DnB Asset Management AS cut its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 69.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 87,396 shares of the company’s stock after selling 198,732 shares during the quarter. DnB Asset Management AS’s holdings in CrowdStrike were worth $29,903,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CRWD. Berbice Capital Management LLC acquired a new position in CrowdStrike in the fourth quarter valued at about $27,000. Fortitude Family Office LLC raised its holdings in CrowdStrike by 112.8% during the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock worth $28,000 after acquiring an additional 44 shares in the last quarter. FPC Investment Advisory Inc. grew its stake in shares of CrowdStrike by 811.1% in the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock valued at $28,000 after buying an additional 73 shares in the last quarter. Luken Investment Analytics LLC acquired a new position in shares of CrowdStrike during the 4th quarter worth about $34,000. Finally, Crowley Wealth Management Inc. bought a new stake in CrowdStrike in the fourth quarter valued at approximately $34,000. 71.16% of the stock is owned by institutional investors.

CrowdStrike Trading Down 2.6 %

Shares of CrowdStrike stock opened at $357.11 on Friday. The company has a 50-day moving average of $388.15 and a two-hundred day moving average of $348.12. The stock has a market cap of $88.52 billion, a PE ratio of 700.23, a price-to-earnings-growth ratio of 17.86 and a beta of 1.19. CrowdStrike Holdings, Inc. has a 12-month low of $200.81 and a 12-month high of $455.59. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on CRWD shares. DA Davidson lifted their price target on CrowdStrike from $395.00 to $415.00 and gave the stock a “buy” rating in a report on Wednesday, March 5th. Evercore ISI upped their target price on CrowdStrike from $400.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday, March 5th. Cantor Fitzgerald reissued an “overweight” rating and set a $440.00 target price on shares of CrowdStrike in a research report on Wednesday, March 5th. Wedbush lifted their target price on CrowdStrike from $390.00 to $395.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 5th. Finally, BMO Capital Markets lifted their price target on CrowdStrike from $380.00 to $405.00 and gave the company an “outperform” rating in a research report on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirty have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $400.26.

Insider Activity at CrowdStrike

In other CrowdStrike news, CEO George Kurtz sold 22,449 shares of CrowdStrike stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $358.68, for a total transaction of $8,052,007.32. Following the transaction, the chief executive officer now directly owns 2,178,452 shares of the company’s stock, valued at $781,367,163.36. The trade was a 1.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Shawn Henry sold 2,547 shares of the business’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $365.96, for a total transaction of $932,100.12. Following the transaction, the insider now directly owns 82,071 shares in the company, valued at approximately $30,034,703.16. The trade was a 3.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 110,801 shares of company stock valued at $42,092,255 over the last quarter. 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.