CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Sold by TrueMark Investments LLC

TrueMark Investments LLC trimmed its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 7.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 9,071 shares of the company’s stock after selling 745 shares during the quarter. TrueMark Investments LLC’s holdings in CrowdStrike were worth $3,104,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Jacobi Capital Management LLC boosted its holdings in CrowdStrike by 1.9% during the fourth quarter. Jacobi Capital Management LLC now owns 1,309 shares of the company’s stock worth $448,000 after buying an additional 25 shares in the last quarter. Dorsey & Whitney Trust CO LLC boosted its stake in shares of CrowdStrike by 1.4% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 1,974 shares of the company’s stock worth $675,000 after acquiring an additional 27 shares in the last quarter. Wintrust Investments LLC grew its position in shares of CrowdStrike by 4.2% during the 4th quarter. Wintrust Investments LLC now owns 719 shares of the company’s stock valued at $246,000 after acquiring an additional 29 shares during the period. Synergy Financial Group LTD increased its stake in shares of CrowdStrike by 0.8% in the 3rd quarter. Synergy Financial Group LTD now owns 3,950 shares of the company’s stock valued at $1,108,000 after purchasing an additional 30 shares in the last quarter. Finally, Greenwich Wealth Management LLC raised its holdings in CrowdStrike by 4.0% in the 4th quarter. Greenwich Wealth Management LLC now owns 776 shares of the company’s stock worth $265,000 after purchasing an additional 30 shares during the period. 71.16% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CRWD. Citigroup restated a “buy” rating on shares of CrowdStrike in a research report on Wednesday, February 5th. Scotiabank reiterated a “sector perform” rating on shares of CrowdStrike in a research report on Wednesday, February 5th. Evercore ISI raised their price target on shares of CrowdStrike from $400.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, March 5th. Royal Bank of Canada reissued an “outperform” rating on shares of CrowdStrike in a report on Wednesday, March 5th. Finally, Wedbush boosted their price target on CrowdStrike from $390.00 to $395.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $400.26.

CrowdStrike Stock Up 3.3 %

Shares of NASDAQ CRWD opened at $384.95 on Wednesday. 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 business’s 50 day moving average is $387.90 and its two-hundred day moving average is $347.04. CrowdStrike Holdings, Inc. has a 52-week low of $200.81 and a 52-week high of $455.59. The firm has a market cap of $95.42 billion, a price-to-earnings ratio of 754.82, a PEG ratio of 17.86 and a beta of 1.19.

Insider Activity

In related news, CAO Anurag Saha sold 1,496 shares of the firm’s stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $358.62, for a total transaction of $536,495.52. Following the completion of the transaction, the chief accounting officer now directly owns 36,165 shares in the company, valued at $12,969,492.30. This trade represents a 3.97 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO George Kurtz sold 22,449 shares of the business’s stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $358.68, for a total transaction of $8,052,007.32. Following the sale, the chief executive officer now owns 2,178,452 shares in the company, valued at $781,367,163.36. This trade represents a 1.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 113,659 shares of company stock valued at $43,133,396. 4.34% of the stock is currently owned by corporate insiders.

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.