CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Sold by Migdal Insurance & Financial Holdings Ltd.

Migdal Insurance & Financial Holdings Ltd. cut its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 0.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 9,336 shares of the company’s stock after selling 66 shares during the quarter. Migdal Insurance & Financial Holdings Ltd.’s holdings in CrowdStrike were worth $3,194,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Berbice Capital Management LLC purchased a new stake in shares of CrowdStrike during the fourth quarter worth approximately $27,000. Oakworth Capital Inc. purchased a new stake in shares of CrowdStrike during the third quarter worth approximately $28,000. Fortitude Family Office LLC increased its position in shares of CrowdStrike by 112.8% during the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock worth $28,000 after purchasing an additional 44 shares in the last quarter. Tsfg LLC increased its position in shares of CrowdStrike by 593.3% during the third quarter. Tsfg LLC now owns 104 shares of the company’s stock worth $29,000 after purchasing an additional 89 shares in the last quarter. Finally, Castleview Partners LLC purchased a new stake in shares of CrowdStrike during the third quarter worth approximately $32,000. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at CrowdStrike

In other news, Director Sameer K. Gandhi sold 6,250 shares of the company’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $412.39, for a total transaction of $2,577,437.50. Following the transaction, the director now owns 805,592 shares in the company, valued at approximately $332,218,084.88. This represents a 0.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $340.44, for a total transaction of $1,361,760.00. Following the transaction, the insider now owns 120,298 shares in the company, valued at $40,954,251.12. This represents a 3.22 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 111,565 shares of company stock worth $39,898,614. Company insiders own 4.34% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on CRWD shares. Robert W. Baird restated a “neutral” rating and issued a $430.00 target price (up from $390.00) on shares of CrowdStrike in a report on Monday. Susquehanna upped their target price on CrowdStrike from $310.00 to $400.00 and gave the company a “positive” rating in a 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 note on Monday, November 25th. Hsbc Global Res lowered CrowdStrike from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Finally, Wedbush set a $330.00 price target on CrowdStrike in a research note on Thursday, October 17th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have given a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $370.00.

CrowdStrike Price Performance

CRWD opened at $420.51 on Friday. CrowdStrike Holdings, Inc. has a 12 month low of $200.81 and a 12 month high of $421.63. The stock has a market cap 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 fifty day simple moving average of $365.55 and a 200 day simple moving average of $314.12. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24.

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.