CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Sold by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC reduced its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 60.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,000 shares of the company’s stock after selling 9,150 shares during the quarter. New Age Alpha Advisors LLC’s holdings in CrowdStrike were worth $2,053,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its position in CrowdStrike by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 21,926,011 shares of the company’s stock worth $7,502,204,000 after purchasing an additional 342,294 shares during the last quarter. State Street Corp grew its holdings 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 worth $2,701,144,000 after buying an additional 275,717 shares during the last quarter. Jennison Associates LLC increased its position in CrowdStrike by 6.9% in the 4th quarter. Jennison Associates LLC now owns 5,420,980 shares of the company’s stock valued at $1,854,843,000 after acquiring an additional 352,180 shares during the period. Geode Capital Management LLC raised its stake in CrowdStrike by 2.0% during 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 acquiring an additional 97,990 shares during the last quarter. Finally, Norges Bank acquired a new stake in CrowdStrike during the 4th quarter worth approximately $1,111,542,000. 71.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CRWD has been the topic of a number of recent research reports. Evercore ISI boosted their target price on CrowdStrike from $400.00 to $450.00 and gave the company an “outperform” rating in a report on Wednesday, March 5th. JPMorgan Chase & Co. boosted their price objective on shares of CrowdStrike from $418.00 to $450.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. Guggenheim restated a “neutral” rating on shares of CrowdStrike in a research note on Wednesday, March 5th. DA Davidson boosted their price target on shares of CrowdStrike from $395.00 to $415.00 and gave the stock a “buy” rating in a research note on Wednesday, March 5th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $450.00 price objective on shares of CrowdStrike in a research report on Wednesday, March 5th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $400.26.

CrowdStrike Price Performance

CRWD opened at $357.11 on Friday. CrowdStrike Holdings, Inc. has a 1 year low of $200.81 and a 1 year high of $455.59. The company’s 50 day simple moving average is $388.15 and its 200 day simple moving average is $348.82. The stock 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 quick ratio of 1.86 and a current ratio of 1.86.

Insider Activity at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 2,141 shares of the company’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $371.79, for a total value of $796,002.39. Following the completion of the transaction, the chief accounting officer now owns 34,024 shares in the company, valued at $12,649,782.96. This represents a 5.92 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sameer K. Gandhi sold 6,250 shares of the business’s stock in a transaction 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 transaction, the director now directly owns 811,842 shares in the company, valued at approximately $280,613,187.30. The trade was a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 110,801 shares of company stock worth $42,092,255. Company insiders own 4.34% of the company’s stock.

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.