First Horizon Advisors Inc. Reduces Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

First Horizon Advisors Inc. decreased its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 9.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,671 shares of the company’s stock after selling 172 shares during the quarter. First Horizon Advisors Inc.’s holdings in CrowdStrike were worth $572,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Sigma Planning Corp boosted its holdings in shares of CrowdStrike by 33.7% in the fourth quarter. Sigma Planning Corp now owns 14,281 shares of the company’s stock worth $4,886,000 after buying an additional 3,603 shares during the last quarter. Callan Capital LLC lifted its holdings in CrowdStrike by 26.1% during the fourth quarter. Callan Capital LLC now owns 4,530 shares of the company’s stock valued at $1,550,000 after purchasing an additional 939 shares in the last quarter. Redmond Asset Management LLC lifted its holdings in CrowdStrike by 24.0% during the fourth quarter. Redmond Asset Management LLC now owns 2,815 shares of the company’s stock valued at $963,000 after purchasing an additional 544 shares in the last quarter. Thompson Davis & CO. Inc. lifted its holdings in CrowdStrike by 7.1% during the fourth quarter. Thompson Davis & CO. Inc. now owns 1,135 shares of the company’s stock valued at $388,000 after purchasing an additional 75 shares in the last quarter. Finally, Variant Private Wealth LLC purchased a new position in CrowdStrike during the fourth quarter valued at approximately $539,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Insider Transactions at CrowdStrike

In other news, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $450.67, for a total value of $1,802,680.00. Following 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Sameer K. Gandhi sold 17,120 shares of the company’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $428.13, for a total transaction of $7,329,585.60. Following the completion of the transaction, the director now owns 780,592 shares in the company, valued at approximately $334,194,852.96. The trade was a 2.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 136,565 shares of company stock worth $51,038,529. Insiders own 4.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on CRWD shares. Stifel Nicolaus lifted their price target on shares of CrowdStrike from $400.00 to $475.00 and gave the company a “buy” rating in a report on Wednesday, February 19th. Wells Fargo & Company lifted their price target on shares of CrowdStrike from $350.00 to $400.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. Needham & Company LLC lifted their price target on shares of CrowdStrike from $360.00 to $420.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Robert W. Baird reissued a “neutral” rating and issued a $430.00 target price (up previously from $390.00) on shares of CrowdStrike in a report on Monday, February 3rd. Finally, JMP Securities reissued a “market outperform” rating and issued a $400.00 target price on shares of CrowdStrike in a report on Monday, November 4th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-eight have assigned a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, CrowdStrike presently has a consensus rating of “Moderate Buy” and an average target price of $383.08.

CrowdStrike Trading Down 3.7 %

NASDAQ CRWD opened at $391.72 on Tuesday. The company’s 50-day moving average price is $384.83 and its 200-day moving average price is $332.12. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. The stock has a market cap of $96.48 billion, a PE ratio of 768.09, a PEG ratio of 17.86 and a beta of 1.16. CrowdStrike Holdings, Inc. has a 12 month low of $200.81 and a 12 month high of $455.59.

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.