CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Stock Holdings Cut by Peregrine Capital Management LLC

Peregrine Capital Management LLC trimmed its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 4.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 182,707 shares of the company’s stock after selling 8,773 shares during the period. CrowdStrike accounts for approximately 1.9% of Peregrine Capital Management LLC’s holdings, making the stock its 7th largest position. Peregrine Capital Management LLC owned about 0.07% of CrowdStrike worth $62,515,000 as of its most recent SEC filing.

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

Insider Activity at CrowdStrike

In related news, President Michael Sentonas sold 10,801 shares of the company’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $358.47, for a total transaction of $3,871,834.47. Following the completion of the sale, the president now owns 389,589 shares of the company’s stock, valued at approximately $139,655,968.83. This represents a 2.70 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Sameer K. Gandhi sold 6,250 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $345.65, for a total transaction of $2,160,312.50. Following the completion of the transaction, the director now directly owns 811,842 shares in the company, valued at $280,613,187.30. This trade represents a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 132,565 shares of company stock valued at $49,235,849. 4.34% of the stock is owned by insiders.

CrowdStrike Price Performance

NASDAQ:CRWD opened at $451.74 on Tuesday. The stock has a 50 day moving average of $376.70 and a two-hundred day moving average of $323.50. CrowdStrike Holdings, Inc. has a 12 month low of $200.81 and a 12 month high of $454.13. The firm has a market cap of $111.27 billion, a P/E ratio of 885.78, a price-to-earnings-growth ratio of 17.22 and a beta of 1.16. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CRWD. Wells Fargo & Company lifted their price objective on shares of CrowdStrike from $350.00 to $400.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. Baird R W lowered CrowdStrike from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 3rd. Cantor Fitzgerald increased their target price on shares of CrowdStrike from $350.00 to $370.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. Scotiabank increased their price objective on shares of CrowdStrike from $300.00 to $370.00 and gave the company a “sector perform” rating in a research note on Tuesday, January 21st. Finally, Westpark Capital reissued a “hold” rating on shares of CrowdStrike in a research report on Monday, November 25th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have issued a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, CrowdStrike presently has an average rating of “Moderate Buy” and a consensus target price 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.