Petredis Investment Advisors LLC Sells 266 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Petredis Investment Advisors LLC trimmed its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 1.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,766 shares of the company’s stock after selling 266 shares during the period. Petredis Investment Advisors LLC’s holdings in CrowdStrike were worth $4,710,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Berbice Capital Management LLC purchased a new position in shares of CrowdStrike during the fourth quarter valued at approximately $27,000. Fortitude Family Office LLC increased its stake in shares of CrowdStrike by 112.8% in the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock worth $28,000 after purchasing an additional 44 shares in the last quarter. Strategic Investment Solutions Inc. IL purchased a new stake in shares of CrowdStrike in the second quarter worth $38,000. Oakworth Capital Inc. bought a new position in shares of CrowdStrike during the third quarter worth $28,000. Finally, Tsfg LLC lifted its position in CrowdStrike by 593.3% during the third quarter. Tsfg LLC now owns 104 shares of the company’s stock valued at $29,000 after purchasing an additional 89 shares during the last quarter. 71.16% of the stock is owned by hedge funds and other institutional investors.

CrowdStrike Trading Down 0.7 %

NASDAQ CRWD opened at $374.92 on Friday. CrowdStrike Holdings, Inc. has a 12 month low of $200.81 and a 12 month high of $398.33. The company has a 50-day moving average of $357.88 and a 200-day moving average of $312.43. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. The company has a market cap of $92.35 billion, a P/E ratio of 735.15, a P/E/G ratio of 20.07 and a beta of 1.14.

Insider Activity

In other news, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $354.91, for a total transaction of $1,419,640.00. Following the completion of the sale, the insider now owns 98,214 shares in the company, valued at approximately $34,857,130.74. The trade was a 3.91 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President Michael Sentonas sold 10,801 shares of the business’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $358.47, for a total value of $3,871,834.47. Following the sale, the president now owns 389,589 shares of the company’s stock, valued at $139,655,968.83. The trade was a 2.70 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 110,351 shares of company stock valued at $38,935,113 in the last 90 days. 4.34% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

CRWD has been the subject of several analyst reports. Barclays raised their target price on shares of CrowdStrike from $295.00 to $372.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. 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. JPMorgan Chase & Co. raised their price target on shares of CrowdStrike from $372.00 to $418.00 and gave the stock an “overweight” rating in a research note on Monday, December 16th. Bank of America raised their target price on shares of CrowdStrike from $365.00 to $400.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Finally, Citigroup raised their target price on shares of CrowdStrike from $400.00 to $420.00 and gave the company a “buy” rating in a research report on Friday, January 17th. One 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’s stock. According to MarketBeat, CrowdStrike currently has an average rating of “Moderate Buy” and a consensus price target of $369.00.

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.