Ballentine Partners LLC Cuts Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Ballentine Partners LLC trimmed its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 43.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 2,846 shares of the company’s stock after selling 2,212 shares during the quarter. Ballentine Partners LLC’s holdings in CrowdStrike were worth $974,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Empirical Asset Management LLC acquired a new stake in CrowdStrike during the 4th quarter worth $11,310,000. Beacon Financial Advisory LLC purchased a new stake in CrowdStrike during the 3rd quarter valued at about $955,000. Sumitomo Mitsui Trust Group Inc. raised its holdings in CrowdStrike by 10.2% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 846,189 shares of the company’s stock valued at $237,331,000 after acquiring an additional 78,305 shares during the last quarter. Doliver Advisors LP raised its holdings in CrowdStrike by 223.2% in the 3rd quarter. Doliver Advisors LP now owns 6,754 shares of the company’s stock valued at $1,894,000 after acquiring an additional 4,664 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its holdings in shares of CrowdStrike by 0.7% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 439,865 shares of the company’s stock worth $124,644,000 after purchasing an additional 2,863 shares during the last quarter. Institutional investors and hedge funds own 71.16% of the company’s stock.

CrowdStrike Stock Up 3.2 %

CrowdStrike stock opened at $377.98 on Thursday. The stock has a market cap of $93.10 billion, a PE ratio of 741.15, a P/E/G ratio of 18.99 and a beta of 1.14. 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 stock’s fifty day moving average is $356.61 and its two-hundred day moving average is $311.51. CrowdStrike Holdings, Inc. has a 1-year low of $200.81 and a 1-year high of $398.33.

Insider Transactions at CrowdStrike

In other CrowdStrike news, Director Sameer K. Gandhi sold 5,036 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $320.48, for a total value of $1,613,937.28. Following the transaction, the director now directly owns 816,730 shares in the company, valued at $261,745,630.40. This represents a 0.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Anurag Saha sold 1,863 shares of the company’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $358.46, for a total transaction of $667,810.98. Following the completion of the transaction, the chief accounting officer now owns 41,059 shares of the company’s stock, valued at approximately $14,718,009.14. The trade was a 4.34 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 110,351 shares of company stock valued at $38,935,113. Corporate insiders own 4.34% of the company’s stock.

Wall Street Analyst Weigh In

CRWD has been the subject of several recent research reports. Wedbush set a $330.00 price target on CrowdStrike in a report on Thursday, October 17th. Truist Financial lifted their price target on CrowdStrike from $375.00 to $385.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. Hsbc Global Res lowered shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 27th. Wells Fargo & Company lifted their target price on shares of CrowdStrike from $350.00 to $400.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. Finally, Evercore ISI increased their price target on shares of CrowdStrike from $325.00 to $400.00 and gave the company an “outperform” rating in a research note on Monday, November 25th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $369.00.

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.