Overbrook Management Corp Sells 5,341 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Overbrook Management Corp reduced its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 18.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,941 shares of the company’s stock after selling 5,341 shares during the period. CrowdStrike makes up approximately 1.8% of Overbrook Management Corp’s investment portfolio, making the stock its 23rd biggest position. Overbrook Management Corp’s holdings in CrowdStrike were worth $8,192,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of CRWD. Synergy Financial Group LTD lifted its position in shares of CrowdStrike by 0.8% during the 3rd quarter. Synergy Financial Group LTD now owns 3,950 shares of the company’s stock worth $1,108,000 after buying an additional 30 shares during the last quarter. Meridian Financial Partners LLC raised its stake in CrowdStrike by 0.6% during the fourth quarter. Meridian Financial Partners LLC now owns 5,595 shares of the company’s stock worth $1,914,000 after acquiring an additional 33 shares in the last quarter. Sunpointe LLC lifted its holdings in shares of CrowdStrike by 3.1% in the third quarter. Sunpointe LLC now owns 1,131 shares of the company’s stock worth $317,000 after acquiring an additional 34 shares during the last quarter. Hilltop Holdings Inc. boosted its stake in shares of CrowdStrike by 1.8% in the 3rd quarter. Hilltop Holdings Inc. now owns 1,932 shares of the company’s stock valued at $542,000 after purchasing an additional 34 shares in the last quarter. Finally, Interchange Capital Partners LLC grew its holdings in shares of CrowdStrike by 1.1% during the 3rd quarter. Interchange Capital Partners LLC now owns 3,694 shares of the company’s stock valued at $1,036,000 after purchasing an additional 39 shares during the last quarter. Institutional investors and hedge funds own 71.16% of the company’s stock.

Insider Activity at CrowdStrike

In related news, insider Shawn Henry sold 4,000 shares of the stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $354.91, for a total transaction of $1,419,640.00. Following the completion of the sale, the insider now directly owns 98,214 shares of the company’s stock, valued at approximately $34,857,130.74. This trade represents a 3.91 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Gerhard Watzinger sold 30,000 shares of the business’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $348.93, for a total value of $10,467,900.00. Following the completion of the transaction, the director now directly owns 42,391 shares in the company, valued at approximately $14,791,491.63. This represents a 41.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 110,351 shares of company stock valued at $38,935,113 over the last ninety days. Corporate insiders own 4.34% of the company’s stock.

CrowdStrike Price Performance

CRWD opened at $357.00 on Monday. CrowdStrike Holdings, Inc. has a 1 year low of $200.81 and a 1 year high of $398.33. 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 capitalization of $87.93 billion, a price-to-earnings ratio of 700.01, a P/E/G ratio of 18.55 and a beta of 1.14. The firm’s fifty day moving average price is $355.86 and its two-hundred day moving average price is $312.41.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Piper Sandler increased their price objective on shares of CrowdStrike from $290.00 to $375.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. KeyCorp raised their price objective on CrowdStrike from $345.00 to $395.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. Citigroup upped their target price on CrowdStrike from $400.00 to $420.00 and gave the stock a “buy” rating in a report on Friday. Royal Bank of Canada lifted their price target on CrowdStrike from $365.00 to $420.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and issued a $330.00 price objective on shares of CrowdStrike in a research note on Monday, September 30th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $366.38.

CrowdStrike Company 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.