CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Stake Decreased by Interchange Capital Partners LLC

Interchange Capital Partners LLC trimmed its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 3.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,572 shares of the company’s stock after selling 122 shares during the quarter. Interchange Capital Partners LLC’s holdings in CrowdStrike were worth $1,222,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in CRWD. Empirical Asset Management LLC bought a new position in CrowdStrike in the 4th quarter valued at about $11,310,000. Arcadia Investment Management Corp MI boosted its stake in CrowdStrike by 30.8% during the 4th quarter. Arcadia Investment Management Corp MI now owns 11,954 shares of the company’s stock valued at $4,090,000 after purchasing an additional 2,814 shares in the last quarter. Greenleaf Trust raised its stake in shares of CrowdStrike by 53.4% in the 4th quarter. Greenleaf Trust now owns 2,967 shares of the company’s stock worth $1,015,000 after buying an additional 1,033 shares in the last quarter. Trifecta Capital Advisors LLC raised its position in CrowdStrike by 2,140.3% in the fourth quarter. Trifecta Capital Advisors LLC now owns 8,961 shares of the company’s stock worth $3,066,000 after acquiring an additional 8,561 shares in the last quarter. Finally, Fifth Third Bancorp lifted its holdings in CrowdStrike by 42.6% in the 4th quarter. Fifth Third Bancorp now owns 44,609 shares of the company’s stock valued at $15,263,000 after acquiring an additional 13,323 shares during the last quarter. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at CrowdStrike

In related news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction that occurred on 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 transaction, the insider now owns 94,214 shares of the company’s stock, valued at $42,459,423.38. This trade represents a 4.07 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Anurag Saha sold 2,858 shares of the business’s stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $364.29, for a total transaction of $1,041,140.82. Following the transaction, the chief accounting officer now owns 38,201 shares of the company’s stock, valued at approximately $13,916,242.29. This represents a 6.96 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 52,858 shares of company stock valued at $21,288,706. 4.34% of the stock is currently owned by company insiders.

CrowdStrike Stock Down 1.8 %

NASDAQ:CRWD opened at $362.24 on Monday. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. CrowdStrike Holdings, Inc. has a 12-month low of $200.81 and a 12-month high of $455.59. The stock’s fifty day simple moving average is $386.53 and its 200-day simple moving average is $345.25. The firm has a market capitalization of $89.79 billion, a P/E ratio of 710.29, a P/E/G ratio of 17.86 and a beta of 1.19.

Wall Street Analyst Weigh In

A number of analysts recently commented on CRWD shares. Robert W. Baird cut their target price on shares of CrowdStrike from $440.00 to $405.00 and set a “neutral” rating for the company in a research note on Wednesday, March 5th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $440.00 target price on shares of CrowdStrike in a report on Wednesday, March 5th. Canaccord Genuity Group lifted their target price on shares of CrowdStrike from $370.00 to $420.00 and gave the stock a “buy” rating in a research report on Monday, March 3rd. Bank of America lifted their price objective on shares of CrowdStrike from $400.00 to $420.00 and gave the stock a “buy” rating in a research report on Wednesday, February 26th. Finally, Hsbc Global Res downgraded CrowdStrike from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 27th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $399.51.

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.