CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Sold by Financial Counselors Inc.

Financial Counselors Inc. cut its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 1.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 3,693 shares of the company’s stock after selling 40 shares during the period. Financial Counselors Inc.’s holdings in CrowdStrike were worth $1,264,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Piper Sandler set a $347.00 price target on CrowdStrike in a report on Wednesday, March 5th. BTIG Research raised shares of CrowdStrike from a “neutral” rating to a “buy” rating and set a $431.00 price target for the company in a research report on Tuesday. DA Davidson lifted their price target on shares of CrowdStrike from $395.00 to $415.00 and gave the stock a “buy” rating in a research note on Wednesday, March 5th. Wedbush increased their price objective on shares of CrowdStrike from $390.00 to $395.00 and gave the company an “outperform” rating in a research note on Wednesday, March 5th. Finally, Scotiabank reissued a “sector perform” rating on shares of CrowdStrike in a research report on Wednesday, February 5th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $400.26.

CrowdStrike Stock Down 1.3 %

CrowdStrike stock opened at $366.56 on Friday. The company’s 50-day moving average price is $388.15 and its two-hundred day moving average price is $347.35. The stock has a market cap of $90.86 billion, a price-to-earnings ratio of 718.76, a PEG ratio of 17.86 and a beta of 1.19. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week high of $455.59. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24.

Insider Activity at CrowdStrike

In related news, insider Shawn Henry sold 2,547 shares of the firm’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $365.96, for a total transaction of $932,100.12. Following the completion of the transaction, the insider now owns 82,071 shares of the company’s stock, valued at $30,034,703.16. This trade represents a 3.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, President Michael Sentonas sold 13,543 shares of the business’s stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $358.62, for a total transaction of $4,856,790.66. Following the completion of the sale, the president now owns 405,308 shares in the company, valued at approximately $145,351,554.96. This trade represents a 3.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 110,801 shares of company stock worth $42,092,255 over the last quarter. 4.34% of the stock is currently owned by company insiders.

CrowdStrike Company 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.