CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Sold by Financial Advocates Investment Management

Financial Advocates Investment Management lowered its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 4.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 7,317 shares of the company’s stock after selling 378 shares during the quarter. Financial Advocates Investment Management’s holdings in CrowdStrike were worth $2,504,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Czech National Bank grew its stake in shares of CrowdStrike by 7.0% during the third quarter. Czech National Bank now owns 47,033 shares of the company’s stock worth $13,191,000 after purchasing an additional 3,084 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of CrowdStrike by 77.0% during the 3rd quarter. GAMMA Investing LLC now owns 1,170 shares of the company’s stock worth $328,000 after acquiring an additional 509 shares in the last quarter. Strategic Wealth Partners Ltd. increased its holdings in shares of CrowdStrike by 13.7% in the 3rd quarter. Strategic Wealth Partners Ltd. now owns 1,854 shares of the company’s stock valued at $520,000 after acquiring an additional 223 shares during the last quarter. Future Financial Wealth Managment LLC acquired a new stake in shares of CrowdStrike during the 3rd quarter worth about $98,000. Finally, Daymark Wealth Partners LLC lifted its stake in CrowdStrike by 6.5% during the third quarter. Daymark Wealth Partners LLC now owns 8,569 shares of the company’s stock worth $2,403,000 after purchasing an additional 524 shares during the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Insider Activity

In related news, CAO Anurag Saha sold 1,863 shares of the company’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 transaction, the chief accounting officer now owns 41,059 shares of the company’s stock, valued at approximately $14,718,009.14. This represents a 4.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Burt W. Podbere sold 11,217 shares of CrowdStrike stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $358.14, for a total transaction of $4,017,256.38. Following the completion of the sale, the chief financial officer now directly owns 290,711 shares of the company’s stock, valued at $104,115,237.54. The trade was a 3.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 111,565 shares of company stock worth $39,898,614 over the last three months. 4.34% of the stock is currently owned by corporate insiders.

CrowdStrike Trading Up 0.8 %

Shares of CrowdStrike stock opened at $420.51 on Friday. The business has a 50 day moving average price of $365.55 and a 200 day moving average price of $314.12. The company has a market capitalization of $103.58 billion, a P/E ratio of 824.55, a P/E/G ratio of 21.13 and a beta of 1.16. 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 $421.63.

Wall Street Analyst Weigh In

Several brokerages have commented on CRWD. HSBC lowered shares of CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 price target on the stock. in a research note on Wednesday, November 27th. JPMorgan Chase & Co. lifted their price target on shares of CrowdStrike from $372.00 to $418.00 and gave the stock an “overweight” rating in a research note on Monday, December 16th. Robert W. Baird restated a “neutral” rating and issued a $430.00 price objective (up previously from $390.00) on shares of CrowdStrike in a research note on Monday. Truist Financial lifted their target price on CrowdStrike from $375.00 to $385.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. Finally, JMP Securities reissued a “market outperform” rating and issued a $400.00 target price on shares of CrowdStrike in a research report on Monday, November 4th. One investment 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 given a strong buy rating to the company’s stock. According to data from MarketBeat.com, CrowdStrike currently has an average rating of “Moderate Buy” and a consensus target price of $370.00.

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.