Bank of New York Mellon Corp Sells 22,598 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Bank of New York Mellon Corp reduced its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 1.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,632,328 shares of the company’s stock after selling 22,598 shares during the quarter. Bank of New York Mellon Corp’s holdings in CrowdStrike were worth $558,517,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of CRWD. Allworth Financial LP lifted its holdings in shares of CrowdStrike by 13.9% in the 3rd quarter. Allworth Financial LP now owns 3,688 shares of the company’s stock worth $1,035,000 after acquiring an additional 449 shares during the last quarter. Modera Wealth Management LLC lifted its stake in CrowdStrike by 16.4% in the third quarter. Modera Wealth Management LLC now owns 3,620 shares of the company’s stock worth $1,015,000 after purchasing an additional 510 shares during the last quarter. State of Alaska Department of Revenue grew its stake in shares of CrowdStrike by 7.0% during the third quarter. State of Alaska Department of Revenue now owns 26,825 shares of the company’s stock valued at $7,523,000 after buying an additional 1,745 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of CrowdStrike by 50.6% in the third quarter. Nisa Investment Advisors LLC now owns 41,672 shares of the company’s stock worth $11,688,000 after buying an additional 14,003 shares during the period. Finally, Autumn Glory Partners LLC bought a new stake in shares of CrowdStrike in the 3rd quarter valued at about $280,000. 71.16% of the stock is owned by hedge funds and other institutional investors.

CrowdStrike Stock Performance

Shares of CRWD stock opened at $379.75 on Wednesday. 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 company has a market capitalization of $93.54 billion, a price-to-earnings ratio of 744.62, a price-to-earnings-growth ratio of 17.86 and a beta of 1.16. CrowdStrike Holdings, Inc. has a one year low of $200.81 and a one year high of $455.59. The company’s 50-day moving average is $384.90 and its 200 day moving average is $333.10.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. HSBC lowered CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 price target on the stock. in a research report on Wednesday, November 27th. CICC Research initiated coverage on shares of CrowdStrike in a research note on Monday, November 18th. They issued a “market perform” rating and a $295.00 target price on the stock. Evercore ISI increased their price target on shares of CrowdStrike from $325.00 to $400.00 and gave the company an “outperform” rating in a research report on Monday, November 25th. Piper Sandler boosted their price objective on shares of CrowdStrike from $290.00 to $375.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. Finally, Susquehanna increased their target price on shares of CrowdStrike from $310.00 to $400.00 and gave the stock a “positive” rating in a report on Wednesday, November 27th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-eight have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $383.08.

Insider Activity

In related news, insider Shawn Henry sold 4,500 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $368.14, for a total value of $1,656,630.00. Following the transaction, the insider now directly owns 115,798 shares of the company’s stock, valued at approximately $42,629,875.72. This represents a 3.74 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Sameer K. Gandhi sold 17,120 shares of CrowdStrike stock in a transaction on Monday, February 10th. The stock was sold at an average price of $428.13, for a total value of $7,329,585.60. Following the completion of the sale, the director now directly owns 780,592 shares of the company’s stock, valued at approximately $334,194,852.96. The trade was a 2.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 136,565 shares of company stock worth $51,038,529 over the last 90 days. 4.34% of the stock is currently owned by insiders.

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.