Modera Wealth Management LLC Sells 324 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Modera Wealth Management LLC lessened its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 9.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,296 shares of the company’s stock after selling 324 shares during the quarter. Modera Wealth Management LLC’s holdings in CrowdStrike were worth $1,128,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of CRWD. Berbice Capital Management LLC bought a new stake in shares of CrowdStrike in the fourth quarter valued at $27,000. Fortitude Family Office LLC increased its holdings in CrowdStrike by 112.8% in the 4th quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock worth $28,000 after acquiring an additional 44 shares during the last quarter. FPC Investment Advisory Inc. raised its stake in CrowdStrike by 811.1% in the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock valued at $28,000 after acquiring an additional 73 shares during the period. Luken Investment Analytics LLC purchased a new stake in CrowdStrike during the fourth quarter valued at about $34,000. Finally, Princeton Global Asset Management LLC boosted its position in CrowdStrike by 240.0% during the third quarter. Princeton Global Asset Management LLC now owns 136 shares of the company’s stock worth $38,000 after purchasing an additional 96 shares during the period. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Insider Activity at CrowdStrike

In other CrowdStrike news, Director Sameer K. Gandhi sold 6,250 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $345.65, for a total value of $2,160,312.50. Following the completion of the transaction, the director now directly owns 811,842 shares in the company, valued at approximately $280,613,187.30. This represents a 0.76 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $450.67, for a total transaction 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. The trade was a 4.07 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 100,315 shares of company stock worth $38,387,254 over the last quarter. 4.34% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CRWD. Morgan Stanley boosted their price target on shares of CrowdStrike from $390.00 to $429.00 and gave the company an “overweight” rating in a research report on Wednesday, February 19th. Barclays raised their target price on CrowdStrike from $372.00 to $506.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Citigroup reiterated a “buy” rating on shares of CrowdStrike in a research report on Wednesday, February 5th. Wells Fargo & Company raised their price objective on shares of CrowdStrike from $350.00 to $400.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $400.00 target price on shares of CrowdStrike in a report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have given a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, CrowdStrike presently has an average rating of “Moderate Buy” and a consensus target price of $391.75.

CrowdStrike Trading Down 1.8 %

NASDAQ CRWD opened at $382.73 on Tuesday. The stock has a market cap of $94.27 billion, a P/E ratio of 750.47, a price-to-earnings-growth ratio of 17.86 and a beta of 1.16. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $455.59. The stock has a 50 day simple moving average of $387.36 and a two-hundred day simple moving average of $336.92. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86.

About CrowdStrike

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.