Motley Fool Wealth Management LLC Sells 3,010 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Motley Fool Wealth Management LLC lowered its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 6.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 41,949 shares of the company’s stock after selling 3,010 shares during the quarter. Motley Fool Wealth Management LLC’s holdings in CrowdStrike were worth $14,380,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in shares of CrowdStrike by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 21,926,011 shares of the company’s stock worth $7,502,204,000 after buying an additional 342,294 shares in the last quarter. State Street Corp raised its stake in CrowdStrike by 2.9% during the third quarter. State Street Corp now owns 9,630,776 shares of the company’s stock worth $2,701,144,000 after acquiring an additional 275,717 shares in the last quarter. Jennison Associates LLC raised its stake in CrowdStrike by 6.9% during the fourth quarter. Jennison Associates LLC now owns 5,420,980 shares of the company’s stock worth $1,854,843,000 after acquiring an additional 352,180 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of CrowdStrike by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 4,893,457 shares of the company’s stock valued at $1,367,505,000 after purchasing an additional 97,990 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of CrowdStrike by 12.3% in the 3rd 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 purchasing an additional 171,861 shares in the last quarter. Institutional investors and hedge funds own 71.16% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Morgan Stanley assumed coverage on shares of CrowdStrike in a report on Tuesday, March 18th. They set an “overweight” rating for the company. Mizuho boosted their target price on CrowdStrike from $385.00 to $450.00 and gave the stock an “outperform” rating in a report on Wednesday, February 12th. Westpark Capital restated a “hold” rating on shares of CrowdStrike in a research report on Wednesday, March 5th. KeyCorp cut their price objective on CrowdStrike from $480.00 to $450.00 and set an “overweight” rating for the company in a research report on Wednesday, March 5th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $440.00 target price on shares of CrowdStrike in a research note on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $400.26.

Insider Activity

In related news, CAO Anurag Saha sold 1,496 shares of the firm’s stock in a transaction on Friday, March 21st. The shares were sold at an average price of $358.62, for a total transaction of $536,495.52. Following the sale, the chief accounting officer now directly owns 36,165 shares in the company, valued at $12,969,492.30. This trade represents a 3.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, President Michael Sentonas sold 13,543 shares of the business’s stock in a transaction on Friday, March 21st. The shares were sold at an average price of $358.62, for a total transaction of $4,856,790.66. Following the completion of the sale, the president now directly owns 405,308 shares in the company, valued at $145,351,554.96. This represents a 3.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 113,659 shares of company stock worth $43,133,396 in the last 90 days. Corporate insiders own 4.34% of the company’s stock.

CrowdStrike Stock Performance

CRWD stock opened at $384.95 on Wednesday. CrowdStrike Holdings, Inc. has a 1-year low of $200.81 and a 1-year high of $455.59. 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 firm has a market cap of $95.42 billion, a PE ratio of 754.82, a P/E/G ratio of 17.86 and a beta of 1.19. The business’s 50-day moving average price is $387.90 and its two-hundred day moving average price is $347.04.

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.