Crown Wealth Group LLC Sells 42 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Crown Wealth Group LLC reduced its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 3.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,087 shares of the company’s stock after selling 42 shares during the quarter. Crown Wealth Group LLC’s holdings in CrowdStrike were worth $372,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in CRWD. Nisa Investment Advisors LLC grew its stake in CrowdStrike by 50.6% in the 3rd quarter. Nisa Investment Advisors LLC now owns 41,672 shares of the company’s stock valued at $11,688,000 after buying an additional 14,003 shares during the last quarter. Autumn Glory Partners LLC bought a new stake in shares of CrowdStrike during the third quarter worth approximately $280,000. abrdn plc grew its position in shares of CrowdStrike by 25.0% in the third quarter. abrdn plc now owns 76,442 shares of the company’s stock valued at $21,513,000 after purchasing an additional 15,310 shares during the last quarter. Gateway Wealth Partners LLC increased its stake in shares of CrowdStrike by 16.1% during the third quarter. Gateway Wealth Partners LLC now owns 723 shares of the company’s stock worth $203,000 after purchasing an additional 100 shares during the period. Finally, Strategic Blueprint LLC lifted its holdings in CrowdStrike by 6.4% during the 3rd quarter. Strategic Blueprint LLC now owns 2,498 shares of the company’s stock worth $701,000 after purchasing an additional 151 shares during the last quarter. 71.16% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other CrowdStrike news, CAO Anurag Saha sold 1,863 shares of the 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 transaction, the chief accounting officer now directly owns 41,059 shares in the company, valued at approximately $14,718,009.14. This represents a 4.34 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Shawn Henry sold 4,500 shares of CrowdStrike stock in a transaction on Monday, December 16th. The shares were sold at an average price of $368.14, for a total transaction of $1,656,630.00. Following the completion of the sale, the insider now owns 115,798 shares of the company’s stock, valued at $42,629,875.72. This represents a 3.74 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 136,565 shares of company stock valued at $51,038,529 in the last ninety days. 4.34% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages have commented on CRWD. Citigroup reaffirmed a “buy” rating on shares of CrowdStrike in a report on Wednesday, February 5th. Jefferies Financial Group raised their price target on shares of CrowdStrike from $415.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. UBS Group boosted their price objective on shares of CrowdStrike from $396.00 to $450.00 and gave the company a “buy” rating in a report on Wednesday. JMP Securities reaffirmed a “market outperform” rating and set a $400.00 target price on shares of CrowdStrike in a report on Monday, November 4th. Finally, Piper Sandler lifted their price target on shares of CrowdStrike from $290.00 to $375.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $387.08.

CrowdStrike Price Performance

CRWD stock opened at $394.56 on Thursday. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. The firm has a market cap of $97.18 billion, a price-to-earnings ratio of 773.66, a PEG ratio of 17.86 and a beta of 1.16. The company’s fifty day simple moving average is $385.81 and its 200 day simple moving average is $333.53. CrowdStrike Holdings, Inc. has a 12-month low of $200.81 and a 12-month high of $455.59.

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.