CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Stake Lowered by Richard W. Paul & Associates LLC

Richard W. Paul & Associates LLC decreased its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 16.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,069 shares of the company’s stock after selling 215 shares during the period. Richard W. Paul & Associates LLC’s holdings in CrowdStrike were worth $366,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CRWD. Jennison Associates LLC lifted its stake in CrowdStrike by 25.0% in the third quarter. Jennison Associates LLC now owns 5,068,800 shares of the company’s stock valued at $1,421,646,000 after buying an additional 1,013,161 shares during the last quarter. Daiwa Securities Group Inc. increased its holdings in shares of CrowdStrike by 1,655.9% in the 3rd quarter. Daiwa Securities Group Inc. now owns 755,951 shares of the company’s stock worth $212,021,000 after acquiring an additional 712,900 shares during the period. State Street Corp lifted its position in CrowdStrike by 2.9% in the 3rd quarter. State Street Corp now owns 9,630,776 shares of the company’s stock valued at $2,701,144,000 after purchasing an additional 275,717 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in CrowdStrike during the 4th quarter valued at about $86,869,000. Finally, Whale Rock Capital Management LLC acquired a new position in CrowdStrike during the 3rd quarter valued at about $69,280,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

CrowdStrike Stock Up 2.5 %

NASDAQ:CRWD opened at $389.66 on Friday. The business’s fifty day moving average price is $386.94 and its 200 day moving average price is $334.90. The firm has a market capitalization of $95.98 billion, a price-to-earnings ratio of 764.05, 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 1-year low of $200.81 and a 1-year high of $455.59.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 1,863 shares of CrowdStrike stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $358.46, for a total transaction of $667,810.98. Following the completion of the sale, the chief accounting officer now owns 41,059 shares of the company’s stock, valued at $14,718,009.14. This trade represents a 4.34 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $450.67, for a total transaction of $1,802,680.00. Following the completion of the transaction, the insider now directly owns 94,214 shares in the company, valued at $42,459,423.38. This trade represents a 4.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 106,565 shares of company stock valued at $40,570,629 in the last 90 days. 4.34% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have commented on CRWD. KeyCorp raised their price target on shares of CrowdStrike from $395.00 to $480.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. JPMorgan Chase & Co. lifted their target price on CrowdStrike from $418.00 to $450.00 and gave the company an “overweight” rating in a research note on Friday. BMO Capital Markets boosted their price target on CrowdStrike from $315.00 to $380.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Robert W. Baird reissued a “neutral” rating and set a $430.00 price target (up from $390.00) on shares of CrowdStrike in a report on Monday, February 3rd. Finally, Baird R W downgraded shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $389.50.

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.