Strategy Asset Managers LLC Has $586,000 Stock Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Strategy Asset Managers LLC lowered its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 3.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,714 shares of the company’s stock after selling 70 shares during the quarter. Strategy Asset Managers LLC’s holdings in CrowdStrike were worth $586,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted 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 acquiring an additional 342,294 shares in the last quarter. State Street Corp raised its position in CrowdStrike by 2.9% in the 3rd 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 boosted its stake in CrowdStrike by 6.9% in the fourth quarter. Jennison Associates LLC now owns 5,420,980 shares of the company’s stock worth $1,854,843,000 after purchasing an additional 352,180 shares in the last quarter. Geode Capital Management LLC grew its holdings 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 worth $1,367,505,000 after purchasing an additional 97,990 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of CrowdStrike in the fourth quarter valued at $1,111,542,000. 71.16% of the stock is owned by institutional investors.

Insider Transactions at CrowdStrike

In other CrowdStrike news, Director Sameer K. Gandhi sold 6,250 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $345.65, for a total value of $2,160,312.50. Following the transaction, the director now directly owns 811,842 shares in the company, valued at $280,613,187.30. The trade was a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $354.91, for a total transaction of $1,419,640.00. Following the sale, the insider now owns 98,214 shares of the company’s stock, valued at approximately $34,857,130.74. This represents a 3.91 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 110,801 shares of company stock worth $42,092,255. 4.34% of the stock is owned by company insiders.

CrowdStrike Stock Down 2.6 %

CrowdStrike stock opened at $357.11 on Friday. The company’s 50-day moving average is $388.15 and its 200-day moving average is $348.12. The firm has a market capitalization of $88.52 billion, a PE ratio of 700.23, a P/E/G ratio of 17.86 and a beta of 1.19. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $455.59.

Wall Street Analysts Forecast Growth

CRWD has been the topic of a number of research analyst reports. Barclays decreased their price objective on shares of CrowdStrike from $506.00 to $475.00 and set an “overweight” rating on the stock in a report on Wednesday, March 5th. Bank of America raised their price target on shares of CrowdStrike from $400.00 to $420.00 and gave the company a “buy” rating in a report on Wednesday, February 26th. Robert W. Baird reduced their price objective on CrowdStrike from $440.00 to $405.00 and set a “neutral” rating on the stock in a report on Wednesday, March 5th. Royal Bank of Canada reissued an “outperform” rating on shares of CrowdStrike in a research note on Wednesday, March 5th. Finally, Wells Fargo & Company upped their price target on CrowdStrike from $400.00 to $430.00 and gave the company an “overweight” rating in a research note on Wednesday, March 5th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $400.26.

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.