Weatherly Asset Management L. P. Cuts Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Weatherly Asset Management L. P. trimmed its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 10.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,270 shares of the company’s stock after selling 275 shares during the period. Weatherly Asset Management L. P.’s holdings in CrowdStrike were worth $777,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Berbice Capital Management LLC purchased a new position in CrowdStrike in the fourth quarter valued at approximately $27,000. Oakworth Capital Inc. purchased a new position in CrowdStrike in the third quarter valued at approximately $28,000. Fortitude Family Office LLC increased its stake in CrowdStrike by 112.8% in the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock valued at $28,000 after purchasing an additional 44 shares during the last quarter. Tsfg LLC increased its stake in CrowdStrike by 593.3% in 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. Finally, Castleview Partners LLC purchased a new position in CrowdStrike in the third quarter valued at approximately $32,000. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

CrowdStrike Stock Performance

NASDAQ CRWD opened at $428.92 on Tuesday. The firm has a market capitalization of $105.65 billion, a P/E ratio of 841.04, a P/E/G ratio of 17.22 and a beta of 1.16. CrowdStrike Holdings, Inc. has a 1-year low of $200.81 and a 1-year high of $431.90. 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 business’s 50-day simple moving average is $368.52 and its 200-day simple moving average is $316.70.

Insider Activity

In related news, President Michael Sentonas sold 10,801 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $358.47, for a total transaction of $3,871,834.47. Following the transaction, the president now directly owns 389,589 shares of the company’s stock, valued at approximately $139,655,968.83. The trade was a 2.70 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, 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 value of $667,810.98. Following the transaction, the chief accounting officer now directly owns 41,059 shares in the company, valued at $14,718,009.14. This trade represents a 4.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 111,565 shares of company stock valued at $39,898,614 in the last three months. Corporate insiders own 4.34% of the company’s stock.

Analyst Upgrades and Downgrades

CRWD has been the topic of several recent analyst reports. Citigroup increased their price target on shares of CrowdStrike from $400.00 to $420.00 and gave the company a “buy” rating in a research note on Friday, January 17th. Royal Bank of Canada increased their price objective on CrowdStrike from $365.00 to $420.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. HSBC downgraded CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 price objective for the company. in a report on Wednesday, November 27th. Stifel Nicolaus increased their price objective on CrowdStrike from $375.00 to $400.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Finally, JMP Securities reissued a “market outperform” rating and issued a $400.00 price objective on shares of CrowdStrike in a report on Monday, November 4th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have issued a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $370.00.

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.