CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Sold by Synovus Financial Corp

Synovus Financial Corp decreased its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 17.0% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,834 shares of the company’s stock after selling 375 shares during the period. Synovus Financial Corp’s holdings in CrowdStrike were worth $514,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Synergy Financial Group LTD lifted its holdings in shares of CrowdStrike by 0.8% during the 3rd 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 in the last quarter. Sunpointe LLC increased its stake in CrowdStrike by 3.1% during the 3rd quarter. Sunpointe LLC now owns 1,131 shares of the company’s stock worth $317,000 after buying an additional 34 shares during the period. Hilltop Holdings Inc. increased its stake in CrowdStrike by 1.8% during the 3rd quarter. Hilltop Holdings Inc. now owns 1,932 shares of the company’s stock worth $542,000 after buying an additional 34 shares during the period. Interchange Capital Partners LLC increased its stake in CrowdStrike by 1.1% during the 3rd quarter. Interchange Capital Partners LLC now owns 3,694 shares of the company’s stock worth $1,036,000 after buying an additional 39 shares during the period. Finally, JFS Wealth Advisors LLC increased its stake in CrowdStrike by 9.1% during the 3rd quarter. JFS Wealth Advisors LLC now owns 478 shares of the company’s stock worth $134,000 after buying an additional 40 shares during the period. Institutional investors and hedge funds own 71.16% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CRWD. Stifel Nicolaus lifted their price target on shares of CrowdStrike from $300.00 to $375.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Cantor Fitzgerald lifted 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. DA Davidson reaffirmed a “buy” rating and set a $310.00 price target on shares of CrowdStrike in a research note on Wednesday, September 18th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of CrowdStrike from $350.00 to $275.00 and set a “hold” rating on the stock in a research note on Monday, August 26th. Finally, Wells Fargo & Company boosted their target price on shares of CrowdStrike from $350.00 to $400.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, CrowdStrike presently has a consensus rating of “Moderate Buy” and an average price target of $358.00.

Insider Buying and Selling at CrowdStrike

In other news, insider Shawn Henry sold 4,500 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $368.14, for a total value of $1,656,630.00. Following the completion of the sale, the insider now directly owns 115,798 shares of the company’s stock, valued at approximately $42,629,875.72. This represents a 3.74 % decrease in their position. The sale 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 Tuesday, December 3rd. The stock was sold at an average price of $349.34, for a total transaction of $2,183,375.00. Following the completion of the sale, the director now directly owns 809,266 shares of the company’s stock, valued at approximately $282,708,984.44. This represents a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 144,498 shares of company stock valued at $45,599,730 in the last ninety days. Company insiders own 4.34% of the company’s stock.

CrowdStrike Trading Down 3.0 %

CrowdStrike stock opened at $376.42 on Wednesday. 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 firm has a 50-day moving average price of $334.31 and a two-hundred day moving average price of $314.65. The firm has a market capitalization of $92.72 billion, a price-to-earnings ratio of 738.08, a PEG ratio of 19.48 and a beta of 1.11. CrowdStrike Holdings, Inc. has a 52-week low of $200.81 and a 52-week high of $398.33.

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.