Philip James Wealth Mangement LLC Cuts Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Philip James Wealth Mangement LLC reduced its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 2.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 2,026 shares of the company’s stock after selling 53 shares during the quarter. Philip James Wealth Mangement LLC’s holdings in CrowdStrike were worth $693,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CRWD. Berbice Capital Management LLC purchased a new position in shares of CrowdStrike in the 4th quarter worth about $27,000. Oakworth Capital Inc. purchased a new position in shares of CrowdStrike in the 3rd quarter worth about $28,000. Fortitude Family Office LLC boosted its holdings in shares of CrowdStrike by 112.8% in the 4th quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock worth $28,000 after purchasing an additional 44 shares in the last quarter. Castleview Partners LLC purchased a new position in shares of CrowdStrike in the 3rd quarter worth about $32,000. Finally, Luken Investment Analytics LLC purchased a new position in shares of CrowdStrike in the 4th quarter worth about $34,000. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Rosenblatt Securities boosted their target price on CrowdStrike from $325.00 to $385.00 and gave the company a “buy” rating in a research note on Monday, November 25th. Robert W. Baird reissued a “neutral” rating and issued a $430.00 target price (up previously from $390.00) on shares of CrowdStrike in a research note on Monday, February 3rd. JPMorgan Chase & Co. boosted their target price on CrowdStrike from $372.00 to $418.00 and gave the company an “overweight” rating in a research note on Monday, December 16th. Wells Fargo & Company boosted their target price on CrowdStrike from $350.00 to $400.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. Finally, Westpark Capital reissued a “hold” rating on shares of CrowdStrike in a research note on Monday, November 25th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $376.00.

CrowdStrike Stock Performance

Shares of CRWD opened at $451.74 on Monday. The business’s fifty day simple moving average is $376.70 and its two-hundred day simple moving average is $322.86. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. CrowdStrike Holdings, Inc. has a 12 month low of $200.81 and a 12 month high of $454.13. The company has a market cap of $111.27 billion, a price-to-earnings ratio of 885.78, a P/E/G ratio of 17.22 and a beta of 1.16.

Insider Buying and Selling at CrowdStrike

In other news, Director Gerhard Watzinger sold 30,000 shares of the stock in a transaction on Friday, November 29th. The stock was sold at an average price of $348.93, for a total transaction of $10,467,900.00. Following the transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $345.65, for a total value of $2,160,312.50. Following the transaction, the director now directly owns 811,842 shares in the company, valued at $280,613,187.30. The trade was a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 132,565 shares of company stock worth $49,235,849. Insiders own 4.34% of the company’s stock.

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.