CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Sold by Keeler Thomas Management LLC

Keeler Thomas Management LLC cut its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 1.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,117 shares of the company’s stock after selling 277 shares during the quarter. CrowdStrike makes up approximately 1.7% of Keeler Thomas Management LLC’s portfolio, making the stock its 28th largest holding. Keeler Thomas Management LLC’s holdings in CrowdStrike were worth $4,830,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CRWD. Jennison Associates LLC boosted its stake in shares of CrowdStrike by 25.0% in the third quarter. Jennison Associates LLC now owns 5,068,800 shares of the company’s stock worth $1,421,646,000 after acquiring an additional 1,013,161 shares during the last quarter. Daiwa Securities Group Inc. lifted its holdings in CrowdStrike by 1,655.9% in the 3rd 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 in the last quarter. State Street Corp boosted its stake in CrowdStrike by 2.9% during the 3rd quarter. State Street Corp now owns 9,630,776 shares of the company’s stock worth $2,701,144,000 after purchasing an additional 275,717 shares during the last quarter. Whale Rock Capital Management LLC purchased a new stake in shares of CrowdStrike during the third quarter worth $69,280,000. Finally, Assenagon Asset Management S.A. raised its position in shares of CrowdStrike by 41.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 737,184 shares of the company’s stock valued at $252,235,000 after buying an additional 215,986 shares during the last quarter. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. JPMorgan Chase & Co. upped their price objective on shares of CrowdStrike from $372.00 to $418.00 and gave the company an “overweight” rating in a research note on Monday, December 16th. Piper Sandler upped their price target on CrowdStrike from $290.00 to $375.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. Rosenblatt Securities increased their price target on CrowdStrike from $325.00 to $385.00 and gave the company a “buy” rating in a report on Monday, November 25th. KeyCorp boosted their price objective on CrowdStrike from $395.00 to $480.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Finally, HSBC downgraded CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 target price for the company. in a research note 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 assigned a strong buy rating to the stock. Based on data from MarketBeat, CrowdStrike currently has an average rating of “Moderate Buy” and a consensus target price of $383.08.

Insider Activity at CrowdStrike

In related news, Director Gerhard Watzinger sold 30,000 shares of the stock in a transaction on Friday, November 29th. The stock was sold at an average price of $348.93, for a total value of $10,467,900.00. Following the transaction, the director now owns 42,391 shares of the company’s stock, valued at $14,791,491.63. This represents a 41.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Anurag Saha sold 1,863 shares of the firm’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $358.46, for a total value of $667,810.98. Following the completion of the sale, the chief accounting officer now owns 41,059 shares in the company, valued at approximately $14,718,009.14. This represents a 4.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 136,565 shares of company stock valued at $51,038,529 over the last 90 days. 4.34% of the stock is owned by corporate insiders.

CrowdStrike Price Performance

CRWD stock opened at $391.72 on Tuesday. CrowdStrike Holdings, Inc. has a 1 year low of $200.81 and a 1 year high of $455.59. The firm 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 company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. The business’s 50-day moving average is $384.83 and its two-hundred day moving average is $332.12.

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.