Amalgamated Bank Sells 720 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Amalgamated Bank cut its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 1.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 47,659 shares of the company’s stock after selling 720 shares during the period. Amalgamated Bank’s holdings in CrowdStrike were worth $16,307,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in CRWD. Berbice Capital Management LLC bought a new stake in CrowdStrike during the 4th quarter valued at $27,000. Fortitude Family Office LLC increased its stake in shares of CrowdStrike by 112.8% during the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock valued at $28,000 after buying an additional 44 shares during the period. FPC Investment Advisory Inc. increased its stake in shares of CrowdStrike by 811.1% during the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock valued at $28,000 after buying an additional 73 shares during the period. Luken Investment Analytics LLC bought a new stake in shares of CrowdStrike in the fourth quarter valued at about $34,000. Finally, Princeton Global Asset Management LLC lifted its stake in CrowdStrike by 240.0% in the third quarter. Princeton Global Asset Management LLC now owns 136 shares of the company’s stock worth $38,000 after acquiring an additional 96 shares during the period. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Analyst Upgrades and Downgrades

CRWD has been the subject of several recent research reports. HSBC lowered shares of CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 price target for the company. in a report on Wednesday, November 27th. UBS Group downgraded shares of CrowdStrike from a “buy” rating to a “cautious” rating in a research note on Wednesday, February 5th. Baird R W cut CrowdStrike from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 3rd. Westpark Capital reissued a “hold” rating on shares of CrowdStrike in a research report on Monday, November 25th. Finally, Morgan Stanley upped their price objective on CrowdStrike from $390.00 to $429.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 19th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-eight have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, CrowdStrike presently has an average rating of “Moderate Buy” and an average price target of $383.08.

Insider Transactions at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $450.67, for a total value of $1,802,680.00. Following the completion of the transaction, the insider now owns 94,214 shares of the company’s stock, valued at approximately $42,459,423.38. The trade was a 4.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gerhard Watzinger sold 30,000 shares of the stock in a transaction dated 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 sale, the director now directly owns 42,391 shares in the company, valued at approximately $14,791,491.63. The trade was a 41.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 136,565 shares of company stock worth $51,038,529 over the last quarter. 4.34% of the stock is currently owned by insiders.

CrowdStrike Price Performance

Shares of CRWD opened at $379.75 on Wednesday. The business’s 50-day moving average is $384.90 and its two-hundred day moving average is $333.10. The company has a market capitalization of $93.54 billion, a P/E ratio of 744.62, a P/E/G ratio of 17.86 and a beta of 1.16. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $455.59. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86.

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.