Boothe Investment Group Inc. Lowers Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Boothe Investment Group Inc. lowered its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 19.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,552 shares of the company’s stock after selling 4,578 shares during the quarter. CrowdStrike accounts for about 2.9% of Boothe Investment Group Inc.’s investment portfolio, making the stock its 13th biggest holding. Boothe Investment Group Inc.’s holdings in CrowdStrike were worth $6,690,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of CRWD. Trueblood Wealth Management LLC purchased a new position in shares of CrowdStrike in the third quarter worth $219,000. Allworth Financial LP raised its stake in shares of CrowdStrike by 13.9% in the third quarter. Allworth Financial LP now owns 3,688 shares of the company’s stock worth $1,035,000 after purchasing an additional 449 shares during the last quarter. Parcion Private Wealth LLC raised its stake in shares of CrowdStrike by 99.1% in the third quarter. Parcion Private Wealth LLC now owns 1,746 shares of the company’s stock worth $490,000 after purchasing an additional 869 shares during the last quarter. Forsta AP Fonden raised its stake in shares of CrowdStrike by 10.2% in the third quarter. Forsta AP Fonden now owns 59,600 shares of the company’s stock worth $16,716,000 after purchasing an additional 5,500 shares during the last quarter. Finally, PFG Investments LLC raised its stake in shares of CrowdStrike by 51.1% in the third quarter. PFG Investments LLC now owns 4,940 shares of the company’s stock worth $1,386,000 after purchasing an additional 1,670 shares during the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.

CrowdStrike Price Performance

NASDAQ:CRWD opened at $406.61 on Monday. 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 capitalization of $100.15 billion, a P/E ratio of 797.30, a P/E/G ratio of 17.86 and a beta of 1.16. CrowdStrike Holdings, Inc. has a 12 month low of $200.81 and a 12 month high of $455.59. The business’s 50-day moving average is $384.76 and its 200 day moving average is $331.06.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 1,863 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $358.46, for a total transaction of $667,810.98. Following the sale, the chief accounting officer now directly owns 41,059 shares in the company, valued at $14,718,009.14. This represents a 4.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $450.67, for a total value of $1,802,680.00. Following the sale, the insider now owns 94,214 shares in the company, valued at approximately $42,459,423.38. This trade represents a 4.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 136,565 shares of company stock worth $51,038,529 over the last ninety days. Company insiders own 4.34% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on CRWD shares. JMP Securities reaffirmed a “market outperform” rating and issued a $400.00 price objective on shares of CrowdStrike in a report on Monday, November 4th. Robert W. Baird reaffirmed a “neutral” rating and issued a $430.00 price objective (up previously from $390.00) on shares of CrowdStrike in a report on Monday, February 3rd. Morgan Stanley lifted their price objective on CrowdStrike from $390.00 to $429.00 and gave the stock an “overweight” rating in a report on Wednesday, February 19th. The Goldman Sachs Group lifted their price objective on CrowdStrike from $372.00 to $415.00 and gave the stock a “buy” rating in a report on Tuesday, December 24th. Finally, Westpark Capital reaffirmed a “hold” rating on shares of CrowdStrike in a report on Monday, November 25th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-eight have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $383.08.

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.