Nikko Asset Management Americas Inc. Sells 40,663 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Nikko Asset Management Americas Inc. cut its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 14.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 248,281 shares of the company’s stock after selling 40,663 shares during the quarter. Nikko Asset Management Americas Inc.’s holdings in CrowdStrike were worth $84,920,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Berbice Capital Management LLC acquired a new stake in shares of CrowdStrike during the fourth quarter valued at about $27,000. Fortitude Family Office LLC boosted its stake in shares of CrowdStrike by 112.8% during the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock valued at $28,000 after purchasing an additional 44 shares in the last quarter. FPC Investment Advisory Inc. lifted its stake in shares of CrowdStrike by 811.1% in the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock worth $28,000 after acquiring an additional 73 shares during the period. Luken Investment Analytics LLC acquired a new position in shares of CrowdStrike in the fourth quarter worth approximately $34,000. Finally, Legacy Bridge LLC lifted its stake in shares of CrowdStrike by 976.9% in the third quarter. Legacy Bridge LLC now owns 140 shares of the company’s stock worth $39,000 after acquiring an additional 127 shares during the period. 71.16% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other CrowdStrike news, insider Shawn Henry sold 5,505 shares of the stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $358.47, for a total value of $1,973,377.35. Following the transaction, the insider now owns 110,293 shares of the company’s stock, valued at approximately $39,536,731.71. This represents a 4.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO George Kurtz sold 18,071 shares of the stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $359.70, for a total value of $6,500,138.70. Following the completion of the transaction, the chief executive officer now directly owns 2,159,935 shares in the company, valued at approximately $776,928,619.50. This represents a 0.83 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 95,815 shares of company stock valued at $36,730,624 over the last ninety days. 4.34% of the stock is currently owned by corporate insiders.

CrowdStrike Trading Up 6.4 %

Shares of NASDAQ:CRWD opened at $353.73 on Monday. The company has a market cap of $87.13 billion, a P/E ratio of 693.60, a PEG 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 1 year low of $200.81 and a 1 year high of $455.59. The stock’s fifty day moving average price is $385.70 and its 200-day moving average price is $341.86.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CRWD. Mizuho lifted their price objective on CrowdStrike from $385.00 to $450.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 12th. Piper Sandler set a $347.00 target price on CrowdStrike in a research report on Wednesday, March 5th. UBS Group cut their price objective on CrowdStrike from $450.00 to $425.00 and set a “buy” rating on the stock in a research report on Wednesday, March 5th. Bank of America boosted their price objective on CrowdStrike from $400.00 to $420.00 and gave the stock a “buy” rating in a research report on Wednesday, February 26th. Finally, Baird R W cut CrowdStrike from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 3rd. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, CrowdStrike has a consensus rating of “Moderate Buy” and an average target price of $398.78.

About CrowdStrike

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.