Ferguson Wellman Capital Management Inc. Sells 14,049 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Ferguson Wellman Capital Management Inc. decreased its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 8.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 145,595 shares of the company’s stock after selling 14,049 shares during the quarter. Ferguson Wellman Capital Management Inc.’s holdings in CrowdStrike were worth $49,817,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in CRWD. Empirical Asset Management LLC acquired a new stake in CrowdStrike during the 4th quarter worth $11,310,000. Beacon Financial Advisory LLC bought a new position in CrowdStrike during the 3rd quarter worth approximately $955,000. Sumitomo Mitsui Trust Group Inc. increased its stake in CrowdStrike by 10.2% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 846,189 shares of the company’s stock valued at $237,331,000 after purchasing an additional 78,305 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its position in shares of CrowdStrike by 0.7% during the third quarter. DekaBank Deutsche Girozentrale now owns 439,865 shares of the company’s stock worth $124,644,000 after purchasing an additional 2,863 shares in the last quarter. Finally, Hemenway Trust Co LLC increased its position in shares of CrowdStrike by 356.8% in the 3rd quarter. Hemenway Trust Co LLC now owns 6,852 shares of the company’s stock valued at $1,922,000 after buying an additional 5,352 shares in the last quarter. 71.16% of the stock is owned by institutional investors and hedge funds.

CrowdStrike Price Performance

Shares of CrowdStrike stock opened at $421.59 on Monday. The company has a 50-day simple moving average of $368.52 and a two-hundred day simple moving average of $316.29. CrowdStrike Holdings, Inc. has a twelve month low of $200.81 and a twelve month high of $431.33. The stock has a market capitalization of $103.84 billion, a price-to-earnings ratio of 826.66, a price-to-earnings-growth ratio of 17.22 and a beta of 1.16. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24.

Insider Activity

In other CrowdStrike news, Director Gerhard Watzinger sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $348.93, for a total transaction of $10,467,900.00. Following the completion of the transaction, the director now directly owns 42,391 shares in the company, valued at $14,791,491.63. The trade was a 41.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were 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 in the company, 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 ninety days, insiders sold 111,565 shares of company stock worth $39,898,614. Corporate insiders own 4.34% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. The Goldman Sachs Group increased their price target on CrowdStrike from $372.00 to $415.00 and gave the stock a “buy” rating in a report on Tuesday, December 24th. Wedbush set a $330.00 price objective on shares of CrowdStrike in a research report on Thursday, October 17th. Evercore ISI lifted their price target on CrowdStrike from $325.00 to $400.00 and gave the company an “outperform” rating in a research note on Monday, November 25th. CICC Research started coverage on CrowdStrike in a research report on Monday, November 18th. They set a “market perform” rating and a $295.00 price objective for the company. Finally, Wells Fargo & Company increased their price objective on CrowdStrike from $350.00 to $400.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $370.00.

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.