Capital Investment Counsel Inc Trims Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Capital Investment Counsel Inc cut its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 8.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,650 shares of the company’s stock after selling 150 shares during the quarter. Capital Investment Counsel Inc’s holdings in CrowdStrike were worth $565,000 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. Empirical Asset Management LLC acquired a new stake in shares of CrowdStrike during the fourth quarter worth $11,310,000. Beacon Financial Advisory LLC acquired a new position in CrowdStrike during the third quarter worth about $955,000. Sumitomo Mitsui Trust Group Inc. boosted its holdings in CrowdStrike by 10.2% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 846,189 shares of the company’s stock valued at $237,331,000 after purchasing an additional 78,305 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its holdings in CrowdStrike by 0.7% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 439,865 shares of the company’s stock valued at $124,644,000 after purchasing an additional 2,863 shares during the last quarter. Finally, Hemenway Trust Co LLC raised its stake in shares of CrowdStrike by 356.8% in the 3rd quarter. Hemenway Trust Co LLC now owns 6,852 shares of the company’s stock valued at $1,922,000 after acquiring an additional 5,352 shares during the period. 71.16% of the stock is currently owned by institutional investors.

CrowdStrike Trading Down 3.1 %

Shares of CrowdStrike stock opened at $436.14 on Friday. The company has a market cap of $107.43 billion, a price-to-earnings ratio of 855.19, a PEG ratio of 18.65 and a beta of 1.16. CrowdStrike Holdings, Inc. has a 1 year low of $200.81 and a 1 year high of $455.59. The company’s fifty day simple moving average is $383.99 and its 200-day simple moving average is $328.39. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24.

Analyst Ratings Changes

Several brokerages recently weighed in on CRWD. Scotiabank upped their target price on shares of CrowdStrike from $300.00 to $370.00 and gave the stock a “sector perform” rating in a research note on Tuesday, January 21st. Royal Bank of Canada upped their price objective on shares of CrowdStrike from $365.00 to $420.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. JMP Securities restated a “market outperform” rating and set a $400.00 target price on shares of CrowdStrike in a report on Monday, November 4th. Cantor Fitzgerald raised their price target on shares of CrowdStrike from $350.00 to $370.00 and gave the stock an “overweight” rating in a research note on Thursday, November 21st. Finally, Jefferies Financial Group raised their target price on shares of CrowdStrike from $415.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, CrowdStrike has a consensus rating of “Moderate Buy” and a consensus price target of $379.73.

Insider Buying and Selling

In other CrowdStrike news, Director Gerhard Watzinger sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $348.93, for a total value of $10,467,900.00. Following the sale, the director now owns 42,391 shares in the company, valued at approximately $14,791,491.63. The trade was a 41.44 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Sameer K. Gandhi sold 6,250 shares of the company’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 value of $2,160,312.50. Following the sale, the director now owns 811,842 shares in the company, valued at approximately $280,613,187.30. This represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 136,565 shares of company stock valued at $51,038,529 over the last ninety days. 4.34% of the stock is owned by company insiders.

CrowdStrike 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.