Capital Asset Advisory Services LLC Decreases Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Capital Asset Advisory Services LLC lessened its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 7.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 721 shares of the company’s stock after selling 61 shares during the quarter. Capital Asset Advisory Services LLC’s holdings in CrowdStrike were worth $259,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. The Manufacturers Life Insurance Company increased its holdings in CrowdStrike by 418.2% in the second quarter. The Manufacturers Life Insurance Company now owns 133,260 shares of the company’s stock valued at $51,064,000 after buying an additional 107,543 shares in the last quarter. Mackenzie Financial Corp increased its stake in CrowdStrike by 26.0% in the 2nd quarter. Mackenzie Financial Corp now owns 42,813 shares of the company’s stock valued at $16,406,000 after purchasing an additional 8,841 shares in the last quarter. Silver Lake Advisory LLC acquired a new position in CrowdStrike during the second quarter worth $231,000. Northwestern Mutual Wealth Management Co. boosted its position in CrowdStrike by 4.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 84,725 shares of the company’s stock worth $32,465,000 after purchasing an additional 3,880 shares in the last quarter. Finally, Invst LLC acquired a new stake in CrowdStrike in the second quarter valued at $220,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on CRWD shares. Susquehanna boosted their price objective on shares of CrowdStrike from $310.00 to $400.00 and gave the stock a “positive” rating in a research report on Wednesday, November 27th. Westpark Capital reaffirmed a “hold” rating on shares of CrowdStrike in a report on Monday, November 25th. Wedbush set a $330.00 price objective on shares of CrowdStrike in a research note on Thursday, October 17th. BMO Capital Markets upped their target price on CrowdStrike from $315.00 to $380.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Finally, Evercore ISI raised their price target on CrowdStrike from $325.00 to $400.00 and gave the stock an “outperform” rating in a research report on Monday, November 25th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $369.00.

CrowdStrike Trading Down 0.3 %

CRWD opened at $373.75 on Tuesday. The firm’s 50 day moving average is $358.65 and its 200-day moving average is $311.37. CrowdStrike Holdings, Inc. has a 52-week low of $200.81 and a 52-week high of $398.33. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $92.06 billion, a P/E ratio of 732.86, a P/E/G ratio of 20.07 and a beta of 1.14.

Insider Buying and Selling

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