CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Sold by Wrapmanager Inc.

Wrapmanager Inc. cut its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 34.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,714 shares of the company’s stock after selling 919 shares during the quarter. Wrapmanager Inc.’s holdings in CrowdStrike were worth $586,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CRWD. Jennison Associates LLC raised its stake in CrowdStrike by 25.0% during the 3rd quarter. Jennison Associates LLC now owns 5,068,800 shares of the company’s stock valued at $1,421,646,000 after acquiring an additional 1,013,161 shares in the last quarter. Daiwa Securities Group Inc. increased its holdings in shares of CrowdStrike by 1,655.9% during the third quarter. Daiwa Securities Group Inc. now owns 755,951 shares of the company’s stock valued at $212,021,000 after purchasing an additional 712,900 shares during the period. State Street Corp raised its stake in shares of CrowdStrike by 2.9% during 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 in the last quarter. Whale Rock Capital Management LLC bought a new stake in shares of CrowdStrike during the third quarter valued at about $69,280,000. Finally, Assenagon Asset Management S.A. lifted its holdings in CrowdStrike by 41.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 737,184 shares of the company’s stock worth $252,235,000 after purchasing an additional 215,986 shares during the period. 71.16% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other CrowdStrike news, Director Sameer K. Gandhi sold 6,250 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $345.65, for a total transaction of $2,160,312.50. Following the completion of the sale, the director now owns 811,842 shares of the company’s stock, valued at $280,613,187.30. This represents a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $450.67, for a total transaction of $1,802,680.00. Following the completion of the transaction, the insider now directly owns 94,214 shares in the company, valued at approximately $42,459,423.38. This represents a 4.07 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 136,565 shares of company stock valued at $51,038,529 over the last ninety days. Corporate insiders own 4.34% of the company’s stock.

CrowdStrike Trading Down 3.7 %

NASDAQ:CRWD opened at $391.72 on Tuesday. The company has a market capitalization of $96.48 billion, a P/E ratio of 768.09, a P/E/G ratio of 17.86 and a beta of 1.16. The stock’s 50 day moving average price is $384.83 and its 200 day moving average price is $332.12. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week high of $455.59.

Analysts Set New Price Targets

CRWD has been the topic of a number of recent analyst reports. CICC Research began coverage on shares of CrowdStrike in a research report on Monday, November 18th. They set a “market perform” rating and a $295.00 price target on the stock. Westpark Capital reissued a “hold” rating on shares of CrowdStrike in a report on Monday, November 25th. Jefferies Financial Group upped their target price on CrowdStrike from $415.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Cantor Fitzgerald lifted their price target on CrowdStrike from $350.00 to $370.00 and gave the company an “overweight” rating in a research report on Thursday, November 21st. Finally, HSBC lowered 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. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-eight have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $383.08.

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.