Bank of Montreal Can Lowers Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Bank of Montreal Can cut its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 1.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,453,654 shares of the company’s stock after selling 49,414 shares during the period. Bank of Montreal Can owned approximately 1.40% of CrowdStrike worth $1,181,702,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in CRWD. Jacobi Capital Management LLC lifted its position in CrowdStrike by 1.9% in the fourth quarter. Jacobi Capital Management LLC now owns 1,309 shares of the company’s stock valued at $448,000 after acquiring an additional 25 shares during the last quarter. Dorsey & Whitney Trust CO LLC increased its stake in shares of CrowdStrike by 1.4% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 1,974 shares of the company’s stock worth $675,000 after acquiring an additional 27 shares during the period. Wintrust Investments LLC raised its stake in shares of CrowdStrike by 4.2% during the 4th quarter. Wintrust Investments LLC now owns 719 shares of the company’s stock worth $246,000 after buying an additional 29 shares in the last quarter. Synergy Financial Group LTD lifted its holdings in CrowdStrike by 0.8% in the third quarter. Synergy Financial Group LTD now owns 3,950 shares of the company’s stock valued at $1,108,000 after acquiring an additional 30 shares during the period. Finally, Greenwich Wealth Management LLC boosted its holdings in CrowdStrike by 4.0% during the fourth quarter. Greenwich Wealth Management LLC now owns 776 shares of the company’s stock worth $265,000 after buying an additional 30 shares in the last quarter. Institutional investors and hedge funds own 71.16% of the company’s stock.

CrowdStrike Price Performance

Shares of CrowdStrike stock opened at $321.63 on Monday. The business has a 50 day moving average of $386.18 and a 200 day moving average of $352.56. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week high of $455.59. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. The company has a market cap of $79.72 billion, a PE ratio of 630.66, a P/E/G ratio of 17.86 and a beta of 1.28.

Insider Buying and Selling

In related news, CAO Anurag Saha sold 1,496 shares of the business’s stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $358.62, for a total transaction of $536,495.52. Following the completion of the sale, the chief accounting officer now directly owns 36,165 shares in the company, valued at approximately $12,969,492.30. The trade was a 3.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $354.91, for a total value of $1,419,640.00. Following the completion of the transaction, the insider now directly owns 98,214 shares in the company, valued at $34,857,130.74. This trade represents a 3.91 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 114,551 shares of company stock worth $43,527,642 in the last three months. 4.34% of the stock is owned by corporate insiders.

Analyst Ratings Changes

CRWD has been the subject of a number of recent research reports. Wells Fargo & Company raised their price objective on shares of CrowdStrike from $400.00 to $430.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 5th. Jefferies Financial Group reduced their target price on CrowdStrike from $425.00 to $410.00 and set a “buy” rating on the stock in a report on Monday, March 31st. Morgan Stanley set a $429.00 price objective on shares of CrowdStrike in a research report on Tuesday, March 18th. Cantor Fitzgerald reissued an “overweight” rating and set a $440.00 price target on shares of CrowdStrike in a research report on Wednesday, March 5th. Finally, UBS Group lowered their target price on CrowdStrike from $450.00 to $425.00 and set a “buy” rating for the company in a research note on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, thirty have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $400.88.

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.