Mount Lucas Management LP Lowers Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Mount Lucas Management LP trimmed its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 17.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 558 shares of the company’s stock after selling 118 shares during the period. Mount Lucas Management LP’s holdings in CrowdStrike were worth $191,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in the business. SLT Holdings LLC purchased a new position in shares of CrowdStrike in the fourth quarter valued at about $1,297,000. Sound View Wealth Advisors Group LLC increased its holdings in shares of CrowdStrike by 5.8% in the fourth quarter. Sound View Wealth Advisors Group LLC now owns 1,662 shares of the company’s stock worth $569,000 after purchasing an additional 91 shares during the last quarter. Roberts Glore & Co. Inc. IL bought a new stake in shares of CrowdStrike in the fourth quarter worth about $240,000. OFI Invest Asset Management bought a new stake in shares of CrowdStrike in the fourth quarter worth about $662,000. Finally, Amundi increased its holdings in shares of CrowdStrike by 41.9% in the fourth quarter. Amundi now owns 1,382,952 shares of the company’s stock worth $496,093,000 after purchasing an additional 408,190 shares during the last quarter. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

CrowdStrike Stock Down 7.4 %

Shares of NASDAQ CRWD opened at $308.86 on Tuesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. The firm has a market capitalization of $76.08 billion, a price-to-earnings ratio of 605.62, a PEG ratio of 17.86 and a beta of 1.19. The stock has a 50 day moving average price of $386.26 and a 200 day moving average price of $339.80. CrowdStrike Holdings, Inc. has a 52-week low of $200.81 and a 52-week high of $455.59.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on CRWD shares. Susquehanna lifted their target price on CrowdStrike from $400.00 to $425.00 and gave the stock a “positive” rating in a report on Wednesday, March 5th. Barclays reduced their target price on CrowdStrike from $506.00 to $475.00 and set an “overweight” rating on the stock in a report on Wednesday, March 5th. DA Davidson lifted their target price on CrowdStrike from $395.00 to $415.00 and gave the stock a “buy” rating in a report on Wednesday, March 5th. BMO Capital Markets lifted their target price on CrowdStrike from $380.00 to $405.00 and gave the stock an “outperform” rating in a report on Wednesday, March 5th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of CrowdStrike in a research note on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $398.78.

Insider Activity at CrowdStrike

In other CrowdStrike 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 completion of the sale, the insider now owns 115,798 shares in the company, valued at $42,629,875.72. This represents a 3.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Anurag Saha sold 1,863 shares of the company’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $358.46, for a total value of $667,810.98. Following the sale, the chief accounting officer now owns 41,059 shares of the company’s stock, valued at approximately $14,718,009.14. This represents a 4.34 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 100,315 shares of company stock worth $38,387,254. Company insiders own 4.34% of the company’s stock.

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.