CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Sold by GAM Holding AG

GAM Holding AG cut its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 6.7% during the 4th quarter, Holdings Channel reports. The firm owned 4,324 shares of the company’s stock after selling 309 shares during the period. GAM Holding AG’s holdings in CrowdStrike were worth $1,480,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. State Street Corp grew its position in shares of CrowdStrike by 2.9% in the third quarter. State Street Corp now owns 9,630,776 shares of the company’s stock valued at $2,701,144,000 after purchasing an additional 275,717 shares during the last quarter. Jennison Associates LLC lifted its stake in shares of CrowdStrike by 6.9% during the fourth quarter. Jennison Associates LLC now owns 5,420,980 shares of the company’s stock valued at $1,854,843,000 after buying an additional 352,180 shares during the period. Geode Capital Management LLC lifted its stake in shares of CrowdStrike by 2.0% during the third quarter. Geode Capital Management LLC now owns 4,893,457 shares of the company’s stock valued at $1,367,505,000 after buying an additional 97,990 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of CrowdStrike by 12.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,570,440 shares of the company’s stock valued at $440,461,000 after buying an additional 171,861 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of CrowdStrike by 1.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,354,494 shares of the company’s stock valued at $379,895,000 after buying an additional 20,899 shares during the period. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at CrowdStrike

In other CrowdStrike news, President Michael Sentonas sold 10,801 shares of the firm’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $358.47, for a total transaction of $3,871,834.47. Following the completion of the transaction, the president now directly owns 389,589 shares of the company’s stock, valued at $139,655,968.83. This trade represents a 2.70 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Shawn Henry sold 4,500 shares of CrowdStrike stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $368.14, for a total transaction of $1,656,630.00. Following the completion of the transaction, the insider now directly owns 115,798 shares of the company’s stock, valued at $42,629,875.72. This trade represents a 3.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 132,565 shares of company stock valued at $49,235,849. Corporate insiders own 4.34% of the company’s stock.

CrowdStrike Price Performance

CRWD opened at $455.18 on Wednesday. The company has a fifty day simple moving average of $380.83 and a 200 day simple moving average of $326.77. The firm has a market cap of $112.12 billion, a price-to-earnings ratio of 892.53, a PEG ratio of 17.22 and a beta of 1.16. CrowdStrike Holdings, Inc. has a twelve month low of $200.81 and a twelve month high of $455.44. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24.

Analyst Ratings Changes

Several equities analysts recently issued reports on CRWD shares. CICC Research started coverage on shares of CrowdStrike in a research note on Monday, November 18th. They set a “market perform” rating and a $295.00 price objective on the stock. Needham & Company LLC upped their price objective on shares of CrowdStrike from $360.00 to $420.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Barclays upped their price objective on shares of CrowdStrike from $295.00 to $372.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. JMP Securities reissued a “market outperform” rating and set a $400.00 price objective on shares of CrowdStrike in a research note on Monday, November 4th. Finally, Citigroup increased their price target on shares of CrowdStrike from $400.00 to $420.00 and gave the stock a “buy” rating in a research note on Friday, January 17th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $376.00.

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.