Sumitomo Life Insurance Co. Lowers Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Sumitomo Life Insurance Co. reduced its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 1.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 10,764 shares of the company’s stock after selling 168 shares during the quarter. Sumitomo Life Insurance Co.’s holdings in CrowdStrike were worth $3,683,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Berbice Capital Management LLC acquired a new stake in shares of CrowdStrike in the 4th quarter valued at approximately $27,000. Fortitude Family Office LLC raised its position in CrowdStrike by 112.8% in the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock worth $28,000 after acquiring an additional 44 shares in the last quarter. Strategic Investment Solutions Inc. IL purchased a new position in CrowdStrike in the second quarter worth $38,000. Oakworth Capital Inc. acquired a new stake in CrowdStrike in the third quarter valued at $28,000. Finally, Tsfg LLC grew its stake in shares of CrowdStrike by 593.3% during the 3rd quarter. Tsfg LLC now owns 104 shares of the company’s stock worth $29,000 after purchasing an additional 89 shares during the period. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other CrowdStrike news, Director Sameer K. Gandhi sold 5,036 shares of the company’s stock in a transaction dated 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 completion of the transaction, the director now directly owns 816,730 shares of the company’s stock, valued at $261,745,630.40. This represents a 0.61 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction dated 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 directly owns 98,214 shares in the company, valued at approximately $34,857,130.74. The trade was a 3.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 110,351 shares of company stock worth $38,935,113. 4.34% of the stock is currently owned by corporate insiders.

CrowdStrike Trading Up 9.3 %

NASDAQ:CRWD opened at $408.68 on Wednesday. The business’s 50-day moving average is $359.26 and its two-hundred day moving average is $311.39. The firm has a market capitalization of $100.66 billion, a PE ratio of 801.35, a price-to-earnings-growth ratio of 20.07 and a beta of 1.14. CrowdStrike Holdings, Inc. has a 12 month low of $200.81 and a 12 month high of $411.30. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Citigroup raised their price objective on shares of CrowdStrike from $400.00 to $420.00 and gave the company a “buy” rating in a research note on Friday, January 17th. Jefferies Financial Group boosted their price target on CrowdStrike from $415.00 to $450.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Bank of America upped their price target on CrowdStrike from $365.00 to $400.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. The Goldman Sachs Group lifted their price objective on CrowdStrike from $372.00 to $415.00 and gave the stock a “buy” rating in a report on Tuesday, December 24th. Finally, BMO Capital Markets upped their target price on CrowdStrike from $315.00 to $380.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. One research 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 stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $369.00.

About CrowdStrike

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.