Caprock Group LLC Sells 456 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Caprock Group LLC decreased its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 1.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 29,746 shares of the company’s stock after selling 456 shares during the period. Caprock Group LLC’s holdings in CrowdStrike were worth $10,178,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CRWD. Empirical Asset Management LLC bought a new stake in shares of CrowdStrike in the fourth quarter worth about $11,310,000. Beacon Financial Advisory LLC bought a new position in CrowdStrike during the 3rd quarter worth about $955,000. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of CrowdStrike by 10.2% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 846,189 shares of the company’s stock valued at $237,331,000 after purchasing an additional 78,305 shares during the period. Doliver Advisors LP lifted its holdings in shares of CrowdStrike by 223.2% in the third quarter. Doliver Advisors LP now owns 6,754 shares of the company’s stock valued at $1,894,000 after purchasing an additional 4,664 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale grew its holdings in shares of CrowdStrike by 0.7% during the third quarter. DekaBank Deutsche Girozentrale now owns 439,865 shares of the company’s stock worth $124,644,000 after buying an additional 2,863 shares in the last quarter. Institutional investors own 71.16% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Citigroup boosted their target price on CrowdStrike from $400.00 to $420.00 and gave the company a “buy” rating in a research note on Friday, January 17th. Bank of America increased their price objective on shares of CrowdStrike from $365.00 to $400.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. CICC Research began coverage on CrowdStrike in a research report on Monday, November 18th. They issued a “market perform” rating and a $295.00 target price on the stock. Scotiabank raised their price target on CrowdStrike from $300.00 to $370.00 and gave the company a “sector perform” rating in a research note on Tuesday, January 21st. Finally, Westpark Capital reissued a “hold” rating on shares of CrowdStrike in a research note on Monday, November 25th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, CrowdStrike has a consensus rating of “Moderate Buy” and an average price target of $369.00.

CrowdStrike Stock Up 1.6 %

Shares of NASDAQ CRWD opened at $403.20 on Friday. The stock has a 50-day moving average price of $362.10 and a two-hundred day moving average price of $312.84. CrowdStrike Holdings, Inc. has a 12 month low of $200.81 and a 12 month high of $411.30. 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 $99.31 billion, a price-to-earnings ratio of 791.87, a PEG ratio of 21.08 and a beta of 1.14.

Insider Buying and Selling

In related news, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $354.91, for a total value of $1,419,640.00. Following the sale, the insider now owns 98,214 shares of the company’s stock, valued at $34,857,130.74. The trade was a 3.91 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, President Michael Sentonas sold 10,801 shares of the firm’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $358.47, for a total value of $3,871,834.47. Following the transaction, the president now directly owns 389,589 shares of the company’s stock, valued at approximately $139,655,968.83. This represents a 2.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 110,351 shares of company stock worth $38,935,113 in the last three months. 4.34% of the stock is owned by corporate insiders.

CrowdStrike Profile

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.