BTC Capital Management Inc. Has $10.81 Million Stock Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

BTC Capital Management Inc. cut its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 1.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,661 shares of the company’s stock after selling 405 shares during the period. CrowdStrike makes up about 1.0% of BTC Capital Management Inc.’s holdings, making the stock its 27th biggest position. BTC Capital Management Inc.’s holdings in CrowdStrike were worth $10,814,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of CRWD. Empirical Asset Management LLC purchased a new position in shares of CrowdStrike during the fourth quarter valued at $11,310,000. Beacon Financial Advisory LLC acquired a new position in CrowdStrike during the third quarter valued at $955,000. Sumitomo Mitsui Trust Group Inc. raised its position in CrowdStrike by 10.2% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 846,189 shares of the company’s stock valued at $237,331,000 after buying an additional 78,305 shares during the period. Doliver Advisors LP raised its position in CrowdStrike by 223.2% during the third quarter. Doliver Advisors LP now owns 6,754 shares of the company’s stock valued at $1,894,000 after buying an additional 4,664 shares during the period. Finally, DekaBank Deutsche Girozentrale raised its position in CrowdStrike by 0.7% during the third quarter. DekaBank Deutsche Girozentrale now owns 439,865 shares of the company’s stock valued at $124,644,000 after buying an additional 2,863 shares during the period. 71.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CRWD has been the topic of several recent analyst reports. Bank of America upped their price target on CrowdStrike from $365.00 to $400.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Rosenblatt Securities upped their price target on CrowdStrike from $325.00 to $385.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Needham & Company LLC upped their price target on CrowdStrike from $360.00 to $420.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. HSBC lowered CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 target price on the stock. in a research report on Wednesday, November 27th. Finally, Jefferies Financial Group upped their target price on CrowdStrike from $415.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $369.00.

Insider Activity at CrowdStrike

In other news, insider Shawn Henry sold 4,000 shares of CrowdStrike 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 sale, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Michael Sentonas sold 10,801 shares of CrowdStrike stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $358.47, for a total value of $3,871,834.47. Following the completion of the sale, the president now directly owns 389,589 shares of the company’s stock, valued at $139,655,968.83. This trade represents a 2.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 110,351 shares of company stock valued at $38,935,113 in the last three months. Corporate insiders own 4.34% of the company’s stock.

CrowdStrike Trading Down 0.1 %

Shares of CRWD opened at $396.87 on Friday. CrowdStrike Holdings, Inc. has a 1 year low of $200.81 and a 1 year high of $411.30. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. The stock has a 50 day simple moving average of $362.10 and a 200-day simple moving average of $312.84. The stock has a market cap of $97.75 billion, a PE ratio of 778.19, a PEG ratio of 21.08 and a beta of 1.14.

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.