Chevy Chase Trust Holdings LLC Sells 1,607 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Chevy Chase Trust Holdings LLC trimmed its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 1.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 123,225 shares of the company’s stock after selling 1,607 shares during the period. Chevy Chase Trust Holdings LLC owned about 0.05% of CrowdStrike worth $42,163,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of CRWD. Berbice Capital Management LLC bought a new stake in CrowdStrike in the fourth quarter valued at $27,000. Oakworth Capital Inc. bought a new stake in CrowdStrike in the third quarter valued at $28,000. Fortitude Family Office LLC grew its position in CrowdStrike by 112.8% in the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock valued at $28,000 after acquiring an additional 44 shares during the period. Castleview Partners LLC bought a new stake in CrowdStrike in the third quarter valued at $32,000. Finally, Luken Investment Analytics LLC acquired a new position in CrowdStrike in the fourth quarter worth $34,000. 71.16% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, President Michael Sentonas sold 10,801 shares of the stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $358.47, for a total transaction of $3,871,834.47. Following the completion of the transaction, the president now directly owns 389,589 shares of the company’s stock, valued at approximately $139,655,968.83. This represents a 2.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Shawn Henry sold 4,500 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $368.14, for a total value of $1,656,630.00. Following the transaction, the insider now directly owns 115,798 shares of the company’s stock, valued at $42,629,875.72. This trade represents a 3.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 132,565 shares of company stock worth $49,235,849. 4.34% of the stock is owned by corporate insiders.

CrowdStrike Stock Down 0.4 %

NASDAQ:CRWD opened at $451.74 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. The company has a market cap of $111.27 billion, a PE ratio of 885.78, a PEG ratio of 17.22 and a beta of 1.16. CrowdStrike Holdings, Inc. has a 52-week low of $200.81 and a 52-week high of $454.13. The stock has a 50-day simple moving average of $374.98 and a 200 day simple moving average of $320.90.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. CICC Research assumed coverage on CrowdStrike in a research note on Monday, November 18th. They issued a “market perform” rating and a $295.00 price objective on the stock. Evercore ISI boosted their price objective on CrowdStrike from $325.00 to $400.00 and gave the stock an “outperform” rating in a research note on Monday, November 25th. Baird R W lowered CrowdStrike from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 3rd. Stifel Nicolaus boosted their price objective on CrowdStrike from $375.00 to $400.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Finally, Citigroup boosted their price objective on CrowdStrike from $400.00 to $420.00 and gave the stock a “buy” rating in a research note on Friday, January 17th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $376.00.

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.