Tyche Wealth Partners LLC Sells 301 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Tyche Wealth Partners LLC cut its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 8.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,137 shares of the company’s stock after selling 301 shares during the period. Tyche Wealth Partners LLC’s holdings in CrowdStrike were worth $1,073,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Jennison Associates LLC lifted its stake in shares of CrowdStrike by 25.0% in the 3rd quarter. Jennison Associates LLC now owns 5,068,800 shares of the company’s stock valued at $1,421,646,000 after purchasing an additional 1,013,161 shares during the period. International Assets Investment Management LLC lifted its stake in CrowdStrike by 17,926.3% in the third quarter. International Assets Investment Management LLC now owns 925,831 shares of the company’s stock valued at $259,668,000 after buying an additional 920,695 shares during the period. Daiwa Securities Group Inc. boosted its holdings in shares of CrowdStrike by 1,655.9% during the 3rd quarter. Daiwa Securities Group Inc. now owns 755,951 shares of the company’s stock worth $212,021,000 after buying an additional 712,900 shares in the last quarter. Assenagon Asset Management S.A. grew its position in shares of CrowdStrike by 248.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 521,198 shares of the company’s stock worth $146,180,000 after buying an additional 371,695 shares during the period. Finally, State Street Corp increased its stake in shares of CrowdStrike by 2.9% in the 3rd quarter. State Street Corp now owns 9,630,776 shares of the company’s stock valued at $2,701,144,000 after acquiring an additional 275,717 shares in the last quarter. Institutional investors and hedge funds own 71.16% of the company’s stock.

Insiders Place Their Bets

In related news, Director Gerhard Watzinger sold 30,000 shares of the firm’s 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 transaction, the director now directly owns 42,391 shares of the company’s stock, valued at approximately $14,791,491.63. This trade represents a 41.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Shawn Henry sold 4,000 shares of the company’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 completion of the sale, the insider now directly owns 98,214 shares of the company’s stock, valued at approximately $34,857,130.74. This represents a 3.91 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 105,315 shares of company stock worth $37,321,176 in the last three months. 4.34% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

CRWD has been the subject of a number of research reports. Westpark Capital restated a “hold” rating on shares of CrowdStrike in a report on Monday, November 25th. Evercore ISI upped their price target on CrowdStrike from $325.00 to $400.00 and gave the stock an “outperform” rating in a research note on Monday, November 25th. Hsbc Global Res cut CrowdStrike from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 27th. The Goldman Sachs Group upped their target price on CrowdStrike from $372.00 to $415.00 and gave the stock a “buy” rating in a research report on Tuesday, December 24th. Finally, KeyCorp lifted their price target on shares of CrowdStrike from $345.00 to $395.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $370.00.

CrowdStrike Price Performance

CRWD stock opened at $417.22 on Thursday. The firm has a 50 day moving average of $364.15 and a 200-day moving average of $313.40. The firm has a market capitalization of $102.77 billion, a P/E ratio of 818.09, a price-to-earnings-growth ratio of 21.13 and a beta of 1.16. CrowdStrike Holdings, Inc. has a 12 month low of $200.81 and a 12 month high of $419.39. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24.

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.