CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Stock Position Reduced by AFT Forsyth & Company Inc.

AFT Forsyth & Company Inc. lessened its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 2.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,171 shares of the company’s stock after selling 65 shares during the quarter. AFT Forsyth & Company Inc.’s holdings in CrowdStrike were worth $743,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. State Street Corp lifted its holdings in shares of CrowdStrike by 2.9% during the 3rd quarter. State Street Corp now owns 9,630,776 shares of the company’s stock valued at $2,701,144,000 after buying an additional 275,717 shares during the last quarter. Jennison Associates LLC raised its position in CrowdStrike by 6.9% during the fourth quarter. Jennison Associates LLC now owns 5,420,980 shares of the company’s stock valued at $1,854,843,000 after acquiring an additional 352,180 shares in the last quarter. Geode Capital Management LLC lifted its stake in CrowdStrike by 2.0% in the third quarter. Geode Capital Management LLC now owns 4,893,457 shares of the company’s stock valued at $1,367,505,000 after acquiring an additional 97,990 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in CrowdStrike by 12.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,570,440 shares of the company’s stock worth $440,461,000 after acquiring an additional 171,861 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of CrowdStrike by 1.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,354,494 shares of the company’s stock worth $379,895,000 after purchasing an additional 20,899 shares during the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.

CrowdStrike Stock Performance

Shares of NASDAQ:CRWD opened at $434.63 on Thursday. 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 business’s fifty day moving average price is $371.79 and its two-hundred day moving average price is $319.16. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $437.60. The stock has a market capitalization of $107.05 billion, a price-to-earnings ratio of 852.23, a price-to-earnings-growth ratio of 17.22 and a beta of 1.16.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Evercore ISI lifted their price objective 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. HSBC downgraded CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 price target for the company. in a research note on Wednesday, November 27th. Mizuho raised their price objective on CrowdStrike from $385.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday. Robert W. Baird restated a “neutral” rating and issued a $430.00 target price (up from $390.00) on shares of CrowdStrike in a report on Monday, February 3rd. Finally, Piper Sandler increased their price target on CrowdStrike from $290.00 to $375.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have issued a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, CrowdStrike currently has a consensus rating of “Moderate Buy” and an average price target of $376.00.

Insider Activity

In other news, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $340.44, for a total value of $1,361,760.00. Following the transaction, the insider now directly owns 120,298 shares of the company’s stock, valued at $40,954,251.12. The trade was a 3.22 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gerhard Watzinger sold 30,000 shares of the firm’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $348.93, for a total value of $10,467,900.00. Following the sale, the director now directly owns 42,391 shares of the company’s stock, valued at $14,791,491.63. This represents a 41.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 136,565 shares of company stock worth $50,597,609. Corporate insiders own 4.34% of the company’s stock.

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.