Parcion Private Wealth LLC Sells 130 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Parcion Private Wealth LLC cut its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 7.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,616 shares of the company’s stock after selling 130 shares during the quarter. Parcion Private Wealth LLC’s holdings in CrowdStrike were worth $553,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Empirical Asset Management LLC purchased a new position in shares of CrowdStrike in the fourth quarter worth approximately $11,310,000. Beacon Financial Advisory LLC purchased a new position in shares of CrowdStrike in the third quarter worth approximately $955,000. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of CrowdStrike by 10.2% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 846,189 shares of the company’s stock worth $237,331,000 after buying an additional 78,305 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its holdings in shares of CrowdStrike by 0.7% in the third quarter. DekaBank Deutsche Girozentrale now owns 439,865 shares of the company’s stock worth $124,644,000 after buying an additional 2,863 shares during the last quarter. Finally, Hemenway Trust Co LLC boosted its holdings in shares of CrowdStrike by 356.8% in the third quarter. Hemenway Trust Co LLC now owns 6,852 shares of the company’s stock worth $1,922,000 after buying an additional 5,352 shares during the last quarter. 71.16% of the stock is currently owned by institutional investors.

CrowdStrike Stock Down 1.1 %

Shares of CRWD opened at $450.14 on Thursday. The firm has a market capitalization of $110.87 billion, a P/E ratio of 882.64, a P/E/G ratio of 18.50 and a beta of 1.16. CrowdStrike Holdings, Inc. has a 12-month low of $200.81 and a 12-month 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. The firm has a fifty day moving average price of $382.58 and a 200-day moving average price of $327.63.

Wall Street Analysts Forecast Growth

CRWD has been the topic of a number of research reports. JMP Securities reissued a “market outperform” rating and issued a $400.00 price objective on shares of CrowdStrike in a report on Monday, November 4th. JPMorgan Chase & Co. lifted their price target on shares of CrowdStrike from $372.00 to $418.00 and gave the company an “overweight” rating in a report on Monday, December 16th. Royal Bank of Canada lifted their price target on shares of CrowdStrike from $365.00 to $420.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Robert W. Baird reaffirmed a “neutral” rating and set a $430.00 price target (up previously from $390.00) on shares of CrowdStrike in a report on Monday, February 3rd. Finally, Stifel Nicolaus lifted their price target on shares of CrowdStrike from $400.00 to $475.00 and gave the company a “buy” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $379.73.

Insider Activity

In other news, Director Gerhard Watzinger sold 30,000 shares of the business’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $348.93, for a total transaction of $10,467,900.00. Following the completion of the sale, the director now directly owns 42,391 shares of the company’s stock, valued at approximately $14,791,491.63. The trade was a 41.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Shawn Henry sold 4,500 shares of the firm’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $368.14, for a total transaction of $1,656,630.00. Following the transaction, the insider now directly owns 115,798 shares in the company, valued at $42,629,875.72. This trade represents a 3.74 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 136,565 shares of company stock valued at $51,038,529. 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.