CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Sold by Byrne Asset Management LLC

Byrne Asset Management LLC reduced its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 26.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 313 shares of the company’s stock after selling 115 shares during the period. Byrne Asset Management LLC’s holdings in CrowdStrike were worth $107,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Berbice Capital Management LLC bought a new stake in CrowdStrike in the 4th quarter valued at about $27,000. Oakworth Capital Inc. acquired a new stake in shares of CrowdStrike in the third quarter valued at approximately $28,000. Fortitude Family Office LLC raised its holdings in shares of CrowdStrike by 112.8% during the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock valued at $28,000 after buying an additional 44 shares during the last quarter. Tsfg LLC boosted 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 buying an additional 89 shares during the period. Finally, Castleview Partners LLC bought a new stake in CrowdStrike during the 3rd quarter valued at $32,000. 71.16% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have commented on the stock. KeyCorp boosted their price target on shares of CrowdStrike from $345.00 to $395.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Cantor Fitzgerald increased their price target on CrowdStrike from $350.00 to $370.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. Stifel Nicolaus boosted their price objective on CrowdStrike from $375.00 to $400.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Evercore ISI lifted their target price on CrowdStrike from $325.00 to $400.00 and gave the stock an “outperform” rating in a report on Monday, November 25th. Finally, HSBC downgraded shares of CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 price target for the company. in a report on Wednesday, November 27th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $370.00.

Insider Buying and Selling

In related news, Director Sameer K. Gandhi sold 6,250 shares of the business’s stock in a transaction on 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 directly owns 805,592 shares in the company, valued at approximately $332,218,084.88. The trade was a 0.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the stock in a transaction on 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 completion of the sale, the insider now owns 120,298 shares of the company’s stock, valued at approximately $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 quarter, insiders have sold 111,565 shares of company stock worth $39,898,614. Corporate insiders own 4.34% of the company’s stock.

CrowdStrike Price Performance

Shares of CRWD opened at $421.59 on Friday. The company has a 50 day moving average of $367.00 and a 200-day moving average of $314.86. 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 stock has a market capitalization of $103.84 billion, a P/E ratio of 826.66, a P/E/G ratio of 21.13 and a beta of 1.16. CrowdStrike Holdings, Inc. has a twelve month low of $200.81 and a twelve month high of $431.33.

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.