CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP cut its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 90.1% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 41,078 shares of the company’s stock after selling 374,097 shares during the period. Wellington Management Group LLP’s holdings in CrowdStrike were worth $11,521,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Beacon Financial Advisory LLC acquired a new stake in shares of CrowdStrike in the third quarter worth approximately $955,000. Sumitomo Mitsui Trust Group Inc. boosted its stake in CrowdStrike by 10.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 846,189 shares of the company’s stock worth $237,331,000 after purchasing an additional 78,305 shares during the last quarter. Doliver Advisors LP boosted its stake in CrowdStrike by 223.2% during the 3rd quarter. Doliver Advisors LP now owns 6,754 shares of the company’s stock worth $1,894,000 after purchasing an additional 4,664 shares during the last quarter. DekaBank Deutsche Girozentrale grew its holdings in shares of CrowdStrike by 0.7% during the third quarter. DekaBank Deutsche Girozentrale now owns 439,865 shares of the company’s stock worth $124,644,000 after buying an additional 2,863 shares in the last quarter. Finally, Hemenway Trust Co LLC raised its position in shares of CrowdStrike by 356.8% in the third quarter. Hemenway Trust Co LLC now owns 6,852 shares of the company’s stock valued at $1,922,000 after buying an additional 5,352 shares during the last quarter. 71.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on CRWD. Stifel Nicolaus upped their price objective on shares of CrowdStrike from $300.00 to $375.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Royal Bank of Canada dropped their price target on CrowdStrike from $370.00 to $365.00 and set an “outperform” rating for the company in a research report on Wednesday, November 27th. HSBC downgraded CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 price objective on the stock. in a research report on Wednesday, November 27th. Piper Sandler upped their target price on CrowdStrike from $290.00 to $375.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. Finally, Evercore ISI lifted their price target on CrowdStrike from $325.00 to $400.00 and gave the stock an “outperform” rating in a report on Monday, November 25th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, CrowdStrike presently has a consensus rating of “Moderate Buy” and an average target price of $355.80.

CrowdStrike Stock Up 0.7 %

Shares of CrowdStrike stock opened at $368.02 on Monday. CrowdStrike Holdings, Inc. has a 52-week low of $200.81 and a 52-week high of $398.33. The company has a 50 day moving average of $330.62 and a 200 day moving average of $313.70. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $90.65 billion, a P/E ratio of 721.61, a P/E/G ratio of 19.48 and a beta of 1.11.

Insider Transactions at CrowdStrike

In other CrowdStrike news, CEO George Kurtz sold 55,325 shares of the firm’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $296.62, for a total value of $16,410,501.50. Following the sale, the chief executive officer now directly owns 1,109,746 shares in the company, valued at $329,172,858.52. This trade represents a 4.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Anurag Saha sold 1,683 shares of the company’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $297.28, for a total value of $500,322.24. Following the transaction, the chief accounting officer now directly owns 38,962 shares of the company’s stock, valued at approximately $11,582,623.36. This represents a 4.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 139,998 shares of company stock valued at $43,943,100. Insiders own 4.34% of the company’s stock.

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.