Chevy Chase Trust Holdings LLC Has $42.16 Million Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Chevy Chase Trust Holdings LLC trimmed its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 1.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 123,225 shares of the company’s stock after selling 1,607 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in CrowdStrike were worth $42,163,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Synergy Financial Group LTD grew its position in CrowdStrike by 0.8% during the 3rd quarter. Synergy Financial Group LTD now owns 3,950 shares of the company’s stock worth $1,108,000 after acquiring an additional 30 shares during the last quarter. M3 Advisory Group LLC grew its position in CrowdStrike by 2.8% during the 4th quarter. M3 Advisory Group LLC now owns 1,188 shares of the company’s stock worth $407,000 after acquiring an additional 32 shares during the last quarter. Meridian Financial Partners LLC grew its position in CrowdStrike by 0.6% during the 4th quarter. Meridian Financial Partners LLC now owns 5,595 shares of the company’s stock worth $1,914,000 after acquiring an additional 33 shares during the last quarter. First Affirmative Financial Network grew its position in CrowdStrike by 4.2% during the 4th quarter. First Affirmative Financial Network now owns 811 shares of the company’s stock worth $278,000 after acquiring an additional 33 shares during the last quarter. Finally, Hilltop Holdings Inc. grew its position in CrowdStrike by 1.8% during the 3rd quarter. Hilltop Holdings Inc. now owns 1,932 shares of the company’s stock worth $542,000 after acquiring an additional 34 shares during the last quarter. 71.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CRWD. KeyCorp boosted their price objective on CrowdStrike from $395.00 to $480.00 and gave the stock an “overweight” rating in a research report on Tuesday. HSBC downgraded CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 target price on the stock. in a report on Wednesday, November 27th. Westpark Capital reaffirmed a “hold” rating on shares of CrowdStrike in a report on Monday, November 25th. Needham & Company LLC lifted their target price on CrowdStrike from $360.00 to $420.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Finally, 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. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, CrowdStrike presently has a consensus rating of “Moderate Buy” and an average price target of $376.00.

Insider Activity at CrowdStrike

In related news, President Michael Sentonas sold 10,801 shares of the company’s stock in a transaction that occurred 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 owns 389,589 shares in the company, valued at approximately $139,655,968.83. This represents a 2.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $345.65, for a total value of $2,160,312.50. Following the sale, the director now owns 811,842 shares in the company, valued at approximately $280,613,187.30. This represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 132,565 shares of company stock worth $49,235,849. Insiders own 4.34% of the company’s stock.

CrowdStrike Price Performance

CrowdStrike stock opened at $451.74 on Friday. CrowdStrike Holdings, Inc. has a 12 month low of $200.81 and a 12 month high of $454.13. 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 business’s 50 day simple moving average is $374.98 and its 200 day simple moving average is $320.90. The company has a market cap of $111.27 billion, a price-to-earnings ratio of 885.78, a PEG ratio of 17.22 and a beta of 1.16.

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.