Meridian Financial LLC Sells 30 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Meridian Financial LLC lowered its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 3.0% during the fourth quarter, Holdings Channel reports. The firm owned 982 shares of the company’s stock after selling 30 shares during the period. Meridian Financial LLC’s holdings in CrowdStrike were worth $336,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Abich Financial Wealth Management LLC bought a new position in CrowdStrike during the second quarter valued at about $25,000. Fortitude Family Office LLC increased its holdings in shares of CrowdStrike by 112.8% during the 4th quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock valued at $28,000 after acquiring an additional 44 shares during the last quarter. Itau Unibanco Holding S.A. bought a new position in shares of CrowdStrike in the 2nd quarter valued at approximately $33,000. Strategic Investment Solutions Inc. IL acquired a new stake in CrowdStrike in the 2nd quarter worth approximately $38,000. Finally, Oakworth Capital Inc. acquired a new position in CrowdStrike during the third quarter valued at approximately $28,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CRWD. Robert W. Baird upped their price objective on shares of CrowdStrike from $375.00 to $390.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. CICC Research initiated coverage on shares of CrowdStrike in a report on Monday, November 18th. They set a “market perform” rating and a $295.00 price target for the company. Wells Fargo & Company lifted their price objective on CrowdStrike from $350.00 to $400.00 and gave the stock an “overweight” rating in a research note 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. Finally, Citigroup lifted their price target on CrowdStrike from $400.00 to $420.00 and gave the stock a “buy” rating in a research report on Friday. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, CrowdStrike has an average rating of “Moderate Buy” and a consensus target price of $366.38.

Insider Activity

In other CrowdStrike news, Director Sameer K. Gandhi sold 5,036 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $320.48, for a total transaction of $1,613,937.28. Following the completion of the sale, the director now directly owns 816,730 shares of the company’s stock, valued at approximately $261,745,630.40. The trade was a 0.61 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $340.44, for a total transaction of $1,361,760.00. Following the sale, the insider now owns 120,298 shares of the company’s stock, valued at approximately $40,954,251.12. This represents a 3.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 110,351 shares of company stock valued at $38,935,113 over the last three months. 4.34% of the stock is owned by insiders.

CrowdStrike Stock Down 1.8 %

Shares of NASDAQ:CRWD opened at $357.00 on Friday. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. The firm has a market cap of $87.93 billion, a P/E ratio of 700.01, a P/E/G ratio of 18.55 and a beta of 1.14. CrowdStrike Holdings, Inc. has a 12 month low of $200.81 and a 12 month high of $398.33. The company’s 50-day moving average price is $355.86 and its two-hundred day moving average price is $312.92.

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.