Dudley Capital Management LLC Reduces Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Dudley Capital Management LLC trimmed its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 0.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,457 shares of the company’s stock after selling 61 shares during the period. CrowdStrike makes up 1.3% of Dudley Capital Management LLC’s portfolio, making the stock its 22nd biggest position. Dudley Capital Management LLC’s holdings in CrowdStrike were worth $2,551,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Berbice Capital Management LLC acquired a new stake in shares of CrowdStrike during the fourth quarter worth approximately $27,000. FPC Investment Advisory Inc. grew its holdings in CrowdStrike by 811.1% during the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock worth $28,000 after acquiring an additional 73 shares in the last quarter. Fortitude Family Office LLC increased its position in shares of 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 purchasing an additional 44 shares during the last quarter. Crowley Wealth Management Inc. acquired a new stake in shares of CrowdStrike in the 4th quarter valued at about $34,000. Finally, Luken Investment Analytics LLC bought a new position in shares of CrowdStrike during the fourth quarter worth about $34,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CRWD. Evercore ISI upped their price objective on CrowdStrike from $400.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, March 5th. UBS Group decreased their price objective on shares of CrowdStrike from $450.00 to $425.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. Oppenheimer boosted their price objective on shares of CrowdStrike from $365.00 to $410.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. KeyCorp decreased their target price on CrowdStrike from $480.00 to $450.00 and set an “overweight” rating for the company in a research note on Wednesday, March 5th. Finally, Citigroup reissued a “buy” rating on shares of CrowdStrike in a report on Wednesday, February 5th. Two investment 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 issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $399.51.

Insider Buying and Selling

In related news, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $345.65, for a total transaction of $2,160,312.50. Following the completion of the sale, the director now owns 811,842 shares of the company’s stock, valued at approximately $280,613,187.30. This trade represents a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Anurag Saha sold 2,858 shares of CrowdStrike stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $364.29, for a total value of $1,041,140.82. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 52,858 shares of company stock valued at $21,288,706. Corporate insiders own 4.34% of the company’s stock.

CrowdStrike Price Performance

CRWD opened at $372.64 on Tuesday. CrowdStrike Holdings, Inc. has a 12-month low of $200.81 and a 12-month 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 $92.37 billion, a P/E ratio of 730.68, a PEG ratio of 17.86 and a beta of 1.19. The stock has a fifty day moving average of $387.16 and a 200-day moving average of $346.07.

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.