Strategic Investment Advisors MI Sells 221 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Strategic Investment Advisors MI cut its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 9.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,025 shares of the company’s stock after selling 221 shares during the quarter. Strategic Investment Advisors MI’s holdings in CrowdStrike were worth $693,000 as of its most recent filing with the SEC.

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

CrowdStrike Stock Down 0.7 %

NASDAQ:CRWD opened at $374.92 on Monday. The firm has a market capitalization of $92.35 billion, a price-to-earnings ratio of 735.15, a price-to-earnings-growth ratio of 20.07 and a beta of 1.14. CrowdStrike Holdings, Inc. has a twelve month low of $200.81 and a twelve month high of $398.33. The stock’s 50 day moving average price is $358.65 and its two-hundred day moving average price is $311.81. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24.

Insiders Place Their Bets

In related news, CAO Anurag Saha sold 1,863 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $358.46, for a total transaction of $667,810.98. Following the transaction, the chief accounting officer now directly owns 41,059 shares of the company’s stock, valued at approximately $14,718,009.14. The trade was a 4.34 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the insider now directly owns 98,214 shares in the company, valued at $34,857,130.74. The trade was a 3.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 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 Ratings Changes

A number of brokerages have recently weighed in on CRWD. Piper Sandler raised their target price on CrowdStrike from $290.00 to $375.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. Susquehanna raised their target price on CrowdStrike from $310.00 to $400.00 and gave the company a “positive” rating in a research note on Wednesday, November 27th. Jefferies Financial Group raised their target price on CrowdStrike from $415.00 to $450.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Citigroup lifted their price objective on CrowdStrike from $400.00 to $420.00 and gave the stock a “buy” rating in a research report on Friday, January 17th. Finally, The Goldman Sachs Group lifted their price objective on CrowdStrike from $372.00 to $415.00 and gave the stock a “buy” rating in a research report on Tuesday, December 24th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, CrowdStrike presently has an average rating of “Moderate Buy” and a consensus price target of $369.00.

CrowdStrike Company 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.