TrueMark Investments LLC Sells 745 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

TrueMark Investments LLC lessened its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 7.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,071 shares of the company’s stock after selling 745 shares during the period. TrueMark Investments LLC’s holdings in CrowdStrike were worth $3,104,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Berbice Capital Management LLC purchased a new position in CrowdStrike during the 4th quarter valued at approximately $27,000. Fortitude Family Office LLC grew its holdings in shares of CrowdStrike by 112.8% in the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock valued at $28,000 after purchasing an additional 44 shares in the last quarter. FPC Investment Advisory Inc. increased its position in CrowdStrike by 811.1% in the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock worth $28,000 after purchasing an additional 73 shares during the last quarter. Luken Investment Analytics LLC bought a new stake in CrowdStrike in the fourth quarter worth $34,000. Finally, Crowley Wealth Management Inc. purchased a new stake in CrowdStrike during the fourth quarter valued at $34,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CRWD. Westpark Capital restated a “hold” rating on shares of CrowdStrike in a report on Wednesday, March 5th. Baird R W downgraded CrowdStrike from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 3rd. KeyCorp dropped their target price on CrowdStrike from $480.00 to $450.00 and set an “overweight” rating for the company in a report on Wednesday, March 5th. Truist Financial increased their price target on CrowdStrike from $385.00 to $460.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. Finally, Piper Sandler set a $347.00 price objective on shares of CrowdStrike in a research report on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $400.26.

Insider Transactions at CrowdStrike

In other CrowdStrike news, CEO George Kurtz sold 22,449 shares of CrowdStrike stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $358.68, for a total transaction of $8,052,007.32. Following the completion of the sale, the chief executive officer now owns 2,178,452 shares of the company’s stock, valued at approximately $781,367,163.36. The trade was a 1.02 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Anurag Saha sold 2,858 shares of the stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $364.29, for a total value of $1,041,140.82. Following the completion of the transaction, the chief accounting officer now directly owns 38,201 shares in the company, valued at $13,916,242.29. This represents a 6.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 113,659 shares of company stock worth $43,133,396. Insiders own 4.34% of the company’s stock.

CrowdStrike Stock Up 3.3 %

CrowdStrike stock opened at $384.95 on Wednesday. The business has a fifty day moving average price of $387.90 and a 200-day moving average price of $347.04. CrowdStrike Holdings, Inc. has a 1-year low of $200.81 and a 1-year high of $455.59. The stock has a market capitalization of $95.42 billion, a price-to-earnings ratio of 754.82, a PEG ratio of 17.86 and a beta of 1.19. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86.

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.