Gulf International Bank UK Ltd Sells 185 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Gulf International Bank UK Ltd reduced its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 1.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,798 shares of the company’s stock after selling 185 shares during the quarter. Gulf International Bank UK Ltd’s holdings in CrowdStrike were worth $6,089,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Berbice Capital Management LLC purchased a new position in shares of CrowdStrike in the fourth quarter worth $27,000. FPC Investment Advisory Inc. lifted its position in shares of 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 buying an additional 73 shares in the last quarter. Fortitude Family Office LLC raised its position in CrowdStrike by 112.8% during 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 during the period. Luken Investment Analytics LLC purchased a new stake in CrowdStrike during the fourth quarter valued at approximately $34,000. Finally, Bank of Jackson Hole Trust bought a new position in shares of CrowdStrike during the fourth quarter valued at approximately $46,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Insider Activity

In related news, Director Gerhard Watzinger sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $348.93, for a total value of $10,467,900.00. Following the completion of the sale, the director now directly owns 42,391 shares in the company, valued at approximately $14,791,491.63. The trade was a 41.44 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Anurag Saha sold 1,863 shares of the company’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $358.46, for a total value of $667,810.98. Following the completion of the transaction, the chief accounting officer now owns 41,059 shares of the company’s stock, valued at $14,718,009.14. The trade was a 4.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 136,565 shares of company stock valued at $51,038,529. 4.34% of the stock is currently owned by company insiders.

CrowdStrike Trading Up 3.9 %

CRWD opened at $394.56 on Thursday. CrowdStrike Holdings, Inc. has a 52-week low of $200.81 and a 52-week high of $455.59. 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 firm has a market capitalization of $97.18 billion, a P/E ratio of 773.66, a P/E/G ratio of 17.86 and a beta of 1.16. The firm’s 50 day moving average is $385.81 and its 200-day moving average is $333.53.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Citigroup reissued a “buy” rating on shares of CrowdStrike in a research report on Wednesday, February 5th. Royal Bank of Canada upped their price target on CrowdStrike from $365.00 to $420.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. CICC Research initiated coverage on CrowdStrike in a report on Monday, November 18th. They issued a “market perform” rating and a $295.00 target price on the stock. Piper Sandler increased their target price on shares of CrowdStrike from $290.00 to $375.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. Finally, Mizuho lifted their price target on shares of CrowdStrike from $385.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have issued a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $387.08.

CrowdStrike 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.