CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Holdings Cut by WESPAC Advisors SoCal LLC

WESPAC Advisors SoCal LLC decreased its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 10.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,179 shares of the company’s stock after selling 378 shares during the quarter. WESPAC Advisors SoCal LLC’s holdings in CrowdStrike were worth $1,088,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Patron Partners LLC bought a new position in shares of CrowdStrike during the 4th quarter valued at $286,000. Clay Northam Wealth Management LLC grew its stake in CrowdStrike by 0.9% in the 4th quarter. Clay Northam Wealth Management LLC now owns 8,004 shares of the company’s stock valued at $2,739,000 after buying an additional 68 shares during the last quarter. Trust Point Inc. acquired a new position in CrowdStrike in the 4th quarter valued at $455,000. Blodgett Wealth Advisors LLC grew its stake in CrowdStrike by 10.6% in the 4th quarter. Blodgett Wealth Advisors LLC now owns 4,702 shares of the company’s stock valued at $1,609,000 after buying an additional 450 shares during the last quarter. Finally, GDS Wealth Management grew its stake in CrowdStrike by 42.5% in the 4th quarter. GDS Wealth Management now owns 11,959 shares of the company’s stock valued at $4,092,000 after buying an additional 3,566 shares during the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on CRWD. Needham & Company LLC raised their target price on shares of CrowdStrike from $360.00 to $420.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. BNP Paribas began coverage on shares of CrowdStrike in a research report on Tuesday, October 8th. They issued a “neutral” rating and a $285.00 price target on the stock. Westpark Capital restated a “hold” rating on shares of CrowdStrike in a research report on Monday, November 25th. Robert W. Baird restated a “neutral” rating and issued a $430.00 price target (up from $390.00) on shares of CrowdStrike in a research report on Monday. Finally, KeyCorp lifted their target price on shares of CrowdStrike from $345.00 to $395.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $370.00.

CrowdStrike Stock Down 0.1 %

Shares of NASDAQ:CRWD opened at $397.57 on Tuesday. The stock has a market cap of $97.93 billion, a price-to-earnings ratio of 779.56, a P/E/G ratio of 21.13 and a beta of 1.16. The company has a 50 day moving average of $362.61 and a 200-day moving average of $312.29. 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 one year low of $200.81 and a one year high of $411.30.

Insider Activity at CrowdStrike

In related news, CAO Anurag Saha sold 1,863 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $358.46, for a total transaction of $667,810.98. Following the completion of the transaction, the chief accounting officer now owns 41,059 shares in the company, valued at approximately $14,718,009.14. The trade was a 4.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $354.91, for a total transaction of $1,419,640.00. Following the transaction, the insider now owns 98,214 shares of the company’s stock, valued at approximately $34,857,130.74. This represents a 3.91 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 110,351 shares of company stock worth $38,935,113. 4.34% of the stock is currently owned by company insiders.

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.