Swiss National Bank Sells 27,900 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Swiss National Bank cut its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 4.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 657,400 shares of the company’s stock after selling 27,900 shares during the period. Swiss National Bank’s holdings in CrowdStrike were worth $224,936,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. Empirical Asset Management LLC bought a new position in shares of CrowdStrike during the 4th quarter worth about $11,310,000. Arcadia Investment Management Corp MI grew its position in CrowdStrike by 30.8% during the fourth quarter. Arcadia Investment Management Corp MI now owns 11,954 shares of the company’s stock worth $4,090,000 after buying an additional 2,814 shares in the last quarter. Greenleaf Trust increased its stake in CrowdStrike by 53.4% during the fourth quarter. Greenleaf Trust now owns 2,967 shares of the company’s stock valued at $1,015,000 after acquiring an additional 1,033 shares during the period. Trifecta Capital Advisors LLC raised its holdings in CrowdStrike by 2,140.3% in the 4th quarter. Trifecta Capital Advisors LLC now owns 8,961 shares of the company’s stock valued at $3,066,000 after acquiring an additional 8,561 shares in the last quarter. Finally, Fifth Third Bancorp lifted its position in shares of CrowdStrike by 42.6% in the 4th quarter. Fifth Third Bancorp now owns 44,609 shares of the company’s stock worth $15,263,000 after acquiring an additional 13,323 shares during the period. Institutional investors and hedge funds own 71.16% of the company’s stock.

Wall Street Analyst Weigh In

CRWD has been the subject of a number of recent research reports. Hsbc Global Res lowered CrowdStrike from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Needham & Company LLC restated a “buy” rating and issued a $420.00 price objective on shares of CrowdStrike in a research note on Wednesday, March 5th. CICC Research assumed coverage on shares of CrowdStrike in a report on Monday, November 18th. They set a “market perform” rating and a $295.00 price objective for the company. Truist Financial upped their target price on shares of CrowdStrike from $385.00 to $460.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. Finally, Piper Sandler set a $347.00 price target on shares of CrowdStrike in a research note on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, CrowdStrike presently has a consensus rating of “Moderate Buy” and an average target price of $398.78.

Insider Buying and Selling at CrowdStrike

In related news, insider Shawn Henry sold 4,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $450.67, for a total value of $1,802,680.00. Following the sale, 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 position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Anurag Saha sold 1,863 shares of the business’s stock in a transaction that occurred 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 transaction, 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 ninety days, insiders have sold 100,315 shares of company stock valued at $38,387,254. 4.34% of the stock is currently owned by insiders.

CrowdStrike Stock Down 4.1 %

Shares of NASDAQ:CRWD opened at $332.53 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. The stock has a market cap of $81.91 billion, a price-to-earnings ratio of 652.03, a P/E/G ratio of 17.86 and a beta of 1.19. The company has a 50 day moving average of $385.81 and a 200-day moving average of $340.21. CrowdStrike Holdings, Inc. has a one year low of $200.81 and a one year high of $455.59.

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.