CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Sold by Adell Harriman & Carpenter Inc.

Adell Harriman & Carpenter Inc. cut its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 3.2% in the fourth quarter, Holdings Channel reports. The firm owned 36,052 shares of the company’s stock after selling 1,202 shares during the period. Adell Harriman & Carpenter Inc.’s holdings in CrowdStrike were worth $12,336,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of CRWD. Berbice Capital Management LLC acquired a new stake in CrowdStrike in the 4th quarter worth approximately $27,000. Oakworth Capital Inc. acquired a new stake in CrowdStrike in the 3rd quarter worth approximately $28,000. Fortitude Family Office LLC boosted its stake in CrowdStrike by 112.8% in the 4th 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. Castleview Partners LLC acquired a new stake in CrowdStrike in the 3rd quarter worth approximately $32,000. Finally, Luken Investment Analytics LLC acquired a new stake in CrowdStrike during the 4th quarter valued at approximately $34,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

CrowdStrike Price Performance

CrowdStrike stock opened at $451.74 on Friday. CrowdStrike Holdings, Inc. has a 52-week low of $200.81 and a 52-week high of $454.13. The firm has a market capitalization of $111.27 billion, a price-to-earnings ratio of 885.78, a PEG ratio of 17.22 and a beta of 1.16. The company has a fifty day simple moving average of $374.98 and a 200-day simple moving average of $320.90. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24.

Analyst Upgrades and Downgrades

Several brokerages have commented on CRWD. The Goldman Sachs Group lifted their price objective on shares of CrowdStrike from $372.00 to $415.00 and gave the company a “buy” rating in a research note on Tuesday, December 24th. JMP Securities restated a “market outperform” rating and set a $400.00 price objective on shares of CrowdStrike in a research note on Monday, November 4th. KeyCorp lifted their price objective on shares of CrowdStrike from $395.00 to $480.00 and gave the company an “overweight” rating in a research note on Tuesday. HSBC cut shares of CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 price objective for the company. in a research note on Wednesday, November 27th. Finally, Piper Sandler lifted their price objective on shares of CrowdStrike from $290.00 to $375.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $376.00.

Insider Transactions at CrowdStrike

In other news, insider Shawn Henry sold 4,500 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $368.14, for a total transaction of $1,656,630.00. Following the transaction, the insider now owns 115,798 shares of the company’s stock, valued at approximately $42,629,875.72. The trade was a 3.74 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Sameer K. Gandhi sold 17,120 shares of the business’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $428.13, for a total transaction of $7,329,585.60. Following the transaction, the director now directly owns 780,592 shares in the company, valued at approximately $334,194,852.96. The trade was a 2.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 132,565 shares of company stock valued at $49,235,849 over the last 90 days. 4.34% of the stock is currently owned by corporate insiders.

CrowdStrike Company 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.