CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Sold by MassMutual Private Wealth & Trust FSB

MassMutual Private Wealth & Trust FSB reduced its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 4.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,496 shares of the company’s stock after selling 910 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in CrowdStrike were worth $6,671,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. State Street Corp increased its holdings 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. Jennison Associates LLC increased 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 buying an additional 1,013,161 shares during the last quarter. Geode Capital Management LLC raised its holdings in CrowdStrike by 2.0% in the third 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 in the last quarter. Legal & General Group Plc boosted its stake in CrowdStrike by 3.0% during the 2nd quarter. Legal & General Group Plc now owns 2,049,704 shares of the company’s stock valued at $785,425,000 after acquiring an additional 60,607 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in CrowdStrike by 4.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,817,387 shares of the company’s stock worth $696,471,000 after acquiring an additional 77,100 shares in the last quarter. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CRWD. Cantor Fitzgerald upped their target price on shares of CrowdStrike from $350.00 to $370.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. Bank of America increased their target price on CrowdStrike from $365.00 to $400.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Evercore ISI lifted their target price on CrowdStrike from $325.00 to $400.00 and gave the stock an “outperform” rating in a research report on Monday, November 25th. Wedbush set a $330.00 price target on CrowdStrike in a research report on Thursday, October 17th. Finally, Piper Sandler lifted their price objective on shares of CrowdStrike from $290.00 to $375.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $366.38.

CrowdStrike Trading Down 1.8 %

Shares of NASDAQ CRWD opened at $357.00 on Monday. The stock has a market cap of $87.93 billion, a price-to-earnings ratio of 700.01, a PEG ratio of 18.55 and a beta of 1.14. The business has a 50 day simple moving average of $355.86 and a 200 day simple moving average of $312.41. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week high of $398.33.

Insider Transactions at CrowdStrike

In other news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $340.44, for a total value of $1,361,760.00. Following the transaction, the insider now owns 120,298 shares of the company’s stock, valued at $40,954,251.12. This trade represents a 3.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Sameer K. Gandhi sold 5,036 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $320.48, for a total transaction of $1,613,937.28. Following the sale, the director now directly owns 816,730 shares of the company’s stock, valued at approximately $261,745,630.40. This represents a 0.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 110,351 shares of company stock worth $38,935,113 in the last 90 days. 4.34% of the stock is owned by insiders.

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.