GraniteShares Advisors LLC Sells 851 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

GraniteShares Advisors LLC trimmed its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 22.5% during the 4th quarter, HoldingsChannel reports. The firm owned 2,926 shares of the company’s stock after selling 851 shares during the quarter. GraniteShares Advisors LLC’s holdings in CrowdStrike were worth $1,001,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in CRWD. Allworth Financial LP increased its holdings in shares of CrowdStrike by 13.9% in the third quarter. Allworth Financial LP now owns 3,688 shares of the company’s stock worth $1,035,000 after purchasing an additional 449 shares during the last quarter. Modera Wealth Management LLC increased its holdings in shares of CrowdStrike by 16.4% in the third quarter. Modera Wealth Management LLC now owns 3,620 shares of the company’s stock worth $1,015,000 after purchasing an additional 510 shares during the last quarter. State of Alaska Department of Revenue increased its stake in CrowdStrike by 7.0% during the third quarter. State of Alaska Department of Revenue now owns 26,825 shares of the company’s stock worth $7,523,000 after acquiring an additional 1,745 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in CrowdStrike by 50.6% during the third quarter. Nisa Investment Advisors LLC now owns 41,672 shares of the company’s stock worth $11,688,000 after acquiring an additional 14,003 shares during the last quarter. Finally, Autumn Glory Partners LLC bought a new stake in CrowdStrike during the third quarter worth approximately $280,000. 71.16% of the stock is owned by institutional investors.

CrowdStrike Stock Performance

Shares of CRWD stock opened at $379.75 on Wednesday. The business’s fifty day simple moving average is $384.90 and its 200-day simple moving average is $333.10. The company has a market cap of $93.54 billion, a PE ratio of 744.62, a PEG ratio of 17.86 and a beta of 1.16. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. CrowdStrike Holdings, Inc. has a 12-month low of $200.81 and a 12-month high of $455.59.

Insider Transactions at CrowdStrike

In other news, insider Shawn Henry sold 4,500 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $368.14, for a total transaction of $1,656,630.00. Following the transaction, the insider now directly owns 115,798 shares of the company’s stock, valued at approximately $42,629,875.72. This represents a 3.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Gerhard Watzinger sold 30,000 shares of the company’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $348.93, for a total value of $10,467,900.00. Following the transaction, the director now directly owns 42,391 shares in the company, valued at approximately $14,791,491.63. The trade was a 41.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 136,565 shares of company stock valued at $51,038,529. Corporate insiders own 4.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Truist Financial boosted their price objective on CrowdStrike from $385.00 to $460.00 and gave the stock a “buy” rating in a research note on Wednesday, February 12th. Bank of America boosted their price objective on CrowdStrike from $365.00 to $400.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. JPMorgan Chase & Co. boosted their price objective on CrowdStrike from $372.00 to $418.00 and gave the stock an “overweight” rating in a research note on Monday, December 16th. Needham & Company LLC boosted their price objective on CrowdStrike from $360.00 to $420.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Finally, Royal Bank of Canada boosted their price objective on CrowdStrike from $365.00 to $420.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-eight have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $383.08.

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.