CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Stake Reduced by Beck Capital Management LLC

Beck Capital Management LLC trimmed its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 27.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,281 shares of the company’s stock after selling 6,903 shares during the quarter. CrowdStrike accounts for about 1.4% of Beck Capital Management LLC’s portfolio, making the stock its 20th biggest holding. Beck Capital Management LLC’s holdings in CrowdStrike were worth $5,127,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in CRWD. Abich Financial Wealth Management LLC acquired a new position in shares of CrowdStrike in the 2nd quarter valued at $25,000. Oakworth Capital Inc. acquired a new position in shares of CrowdStrike in the third quarter worth about $28,000. Tsfg LLC increased its position in shares of CrowdStrike by 593.3% in the third quarter. Tsfg LLC now owns 104 shares of the company’s stock worth $29,000 after acquiring an additional 89 shares in the last quarter. Family Firm Inc. acquired a new stake in shares of CrowdStrike during the second quarter valued at approximately $30,000. Finally, Castleview Partners LLC purchased a new stake in shares of CrowdStrike in the 3rd quarter valued at approximately $32,000. Institutional investors own 71.16% of the company’s stock.

Insider Activity

In related news, CAO Anurag Saha sold 1,683 shares of the company’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $297.28, for a total value of $500,322.24. Following the completion of the transaction, the chief accounting officer now directly owns 38,962 shares in the company, valued at approximately $11,582,623.36. This represents a 4.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $340.44, for a total value of $1,361,760.00. Following the completion of the transaction, the insider now directly owns 120,298 shares of the company’s stock, valued at approximately $40,954,251.12. This trade represents a 3.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 108,248 shares of company stock valued at $32,465,110. Insiders own 4.34% of the company’s stock.

CrowdStrike Price Performance

NASDAQ:CRWD opened at $345.97 on Monday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.90. The stock has a market cap of $84.81 billion, a P/E ratio of 678.39, a PEG ratio of 25.05 and a beta of 1.10. The company has a fifty day moving average price of $315.80 and a 200 day moving average price of $312.87. CrowdStrike Holdings, Inc. has a one year low of $200.81 and a one year high of $398.33.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Citigroup lifted their price objective on shares of CrowdStrike from $300.00 to $400.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Royal Bank of Canada lowered their price target on CrowdStrike from $370.00 to $365.00 and set an “outperform” rating on the stock in a report on Wednesday, November 27th. Argus reduced their price objective on CrowdStrike from $400.00 to $325.00 and set a “buy” rating for the company in a research note on Friday, August 30th. Stifel Nicolaus lifted their target price on CrowdStrike from $300.00 to $375.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Finally, Evercore ISI upped their target price on CrowdStrike from $325.00 to $400.00 and gave the company an “outperform” rating in a report on Monday, November 25th. One analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, CrowdStrike currently has an average rating of “Moderate Buy” and a consensus target price of $355.80.

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.