Bank of Montreal Can Lowers Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Bank of Montreal Can trimmed its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 1.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,453,654 shares of the company’s stock after selling 49,414 shares during the quarter. Bank of Montreal Can’s holdings in CrowdStrike were worth $1,181,702,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in CRWD. Berbice Capital Management LLC acquired a new stake in CrowdStrike during the 4th quarter worth about $27,000. Fortitude Family Office LLC lifted its holdings in shares of 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 purchasing an additional 44 shares during the period. FPC Investment Advisory Inc. boosted its position in 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 during the last quarter. Luken Investment Analytics LLC acquired a new position in CrowdStrike in the 4th quarter worth approximately $34,000. Finally, Crowley Wealth Management Inc. purchased a new position in CrowdStrike during the 4th quarter worth approximately $34,000. Institutional investors own 71.16% of the company’s stock.

CrowdStrike Price Performance

Shares of CrowdStrike stock opened at $321.63 on Monday. CrowdStrike Holdings, Inc. has a twelve month low of $200.81 and a twelve month high of $455.59. The firm has a market cap of $79.72 billion, a P/E ratio of 630.66, a price-to-earnings-growth ratio of 17.86 and a beta of 1.28. The firm’s 50-day simple moving average is $386.18 and its 200-day simple moving average is $352.56. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86.

Insider Activity

In related news, insider Shawn Henry sold 4,000 shares of the 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 directly owns 94,214 shares in the company, valued at $42,459,423.38. This trade represents a 4.07 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Sameer K. Gandhi sold 7,880 shares of the business’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $427.59, for a total transaction of $3,369,409.20. Following the completion of the transaction, the director now directly owns 797,712 shares of the company’s stock, valued at $341,093,674.08. This trade represents a 0.98 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 114,551 shares of company stock worth $43,527,642. Insiders own 4.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on CRWD shares. Needham & Company LLC reiterated a “buy” rating and set a $420.00 price objective on shares of CrowdStrike in a research note on Wednesday, March 5th. Stifel Nicolaus reduced their price target on CrowdStrike from $475.00 to $435.00 and set a “buy” rating for the company in a research report on Wednesday, March 5th. The Goldman Sachs Group restated a “buy” rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Bank of America lifted their target price on shares of CrowdStrike from $400.00 to $420.00 and gave the company a “buy” rating in a report on Wednesday, February 26th. Finally, Raymond James downgraded shares of CrowdStrike from an “outperform” rating to a “cautious” rating in a report on Monday, March 10th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $400.88.

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.