Royal Fund Management LLC Lowers Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Royal Fund Management LLC reduced its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 74.1% in the 4th quarter, Holdings Channel reports. The fund owned 13,235 shares of the company’s stock after selling 37,831 shares during the period. Royal Fund Management LLC’s holdings in CrowdStrike were worth $4,528,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of CRWD. Massachusetts Financial Services Co. MA increased its holdings in shares of CrowdStrike by 18.0% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 4,532 shares of the company’s stock valued at $1,737,000 after purchasing an additional 691 shares in the last quarter. Dimensional Fund Advisors LP grew its position in CrowdStrike by 54.6% during the second quarter. Dimensional Fund Advisors LP now owns 286,183 shares of the company’s stock valued at $109,670,000 after buying an additional 101,079 shares during the period. Bridges Investment Management Inc. acquired a new position in shares of CrowdStrike in the second quarter worth about $285,000. AE Wealth Management LLC raised its position in shares of CrowdStrike by 88.5% in the second quarter. AE Wealth Management LLC now owns 6,951 shares of the company’s stock worth $2,664,000 after acquiring an additional 3,263 shares during the period. Finally, Pacer Advisors Inc. boosted its stake in shares of CrowdStrike by 32.0% during the 2nd quarter. Pacer Advisors Inc. now owns 37,916 shares of the company’s stock worth $14,529,000 after acquiring an additional 9,198 shares in the last quarter. 71.16% of the stock is owned by institutional investors and hedge funds.

CrowdStrike Price Performance

Shares of NASDAQ CRWD opened at $357.00 on Tuesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. The company has a market cap of $87.93 billion, a price-to-earnings ratio of 700.01, a price-to-earnings-growth ratio of 18.99 and a beta of 1.14. The stock’s 50-day moving average is $355.86 and its two-hundred day moving average is $311.89. CrowdStrike Holdings, Inc. has a 1-year low of $200.81 and a 1-year high of $398.33.

Insider Buying and Selling

In other news, Director Gerhard Watzinger sold 30,000 shares of the firm’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $348.93, for a total transaction of $10,467,900.00. Following the sale, the director now owns 42,391 shares of the company’s stock, valued at approximately $14,791,491.63. This trade represents a 41.44 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The stock was 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 approximately $34,857,130.74. The trade was a 3.91 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 110,351 shares of company stock worth $38,935,113. Company insiders own 4.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. HSBC lowered CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 target price on the stock. in a research report on Wednesday, November 27th. Citigroup increased their target price on CrowdStrike from $400.00 to $420.00 and gave the company a “buy” rating in a report on Friday. CICC Research began coverage on CrowdStrike in a research note on Monday, November 18th. They issued a “market perform” rating and a $295.00 price target on the stock. Bank of America boosted their price target on CrowdStrike from $365.00 to $400.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Finally, Westpark Capital restated a “hold” rating on shares of CrowdStrike in a report on Monday, November 25th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $366.38.

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.