LM Advisors LLC Sells 700 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

LM Advisors LLC reduced its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 32.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,425 shares of the company’s stock after selling 700 shares during the quarter. LM Advisors LLC’s holdings in CrowdStrike were worth $488,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of CRWD. Fisher Asset Management LLC increased its holdings in CrowdStrike by 17.9% during the third quarter. Fisher Asset Management LLC now owns 2,230 shares of the company’s stock worth $626,000 after buying an additional 339 shares during the last quarter. Brown Brothers Harriman & Co. grew its position in shares of CrowdStrike by 101.6% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 254 shares of the company’s stock valued at $71,000 after acquiring an additional 128 shares during the period. The Manufacturers Life Insurance Company raised its holdings in shares of CrowdStrike by 19.3% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 159,034 shares of the company’s stock worth $44,604,000 after purchasing an additional 25,774 shares during the period. D.A. Davidson & CO. lifted its stake in CrowdStrike by 44.3% in the third quarter. D.A. Davidson & CO. now owns 36,858 shares of the company’s stock valued at $10,338,000 after purchasing an additional 11,310 shares during the last quarter. Finally, Brooklyn Investment Group grew its holdings in CrowdStrike by 13.1% during the third quarter. Brooklyn Investment Group now owns 1,549 shares of the company’s stock valued at $434,000 after purchasing an additional 179 shares during the period. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Insider Buying and Selling

In other news, insider Shawn Henry sold 2,547 shares of CrowdStrike stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $365.96, for a total value of $932,100.12. Following the sale, the insider now directly owns 82,071 shares in the company, valued at approximately $30,034,703.16. This trade represents a 3.01 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Anurag Saha sold 1,496 shares of the company’s stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $358.62, for a total value of $536,495.52. Following the transaction, the chief accounting officer now owns 36,165 shares of the company’s stock, valued at approximately $12,969,492.30. This represents a 3.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 110,801 shares of company stock valued at $42,092,255 over the last ninety days. 4.34% of the stock is owned by insiders.

CrowdStrike Price Performance

Shares of CrowdStrike stock opened at $371.41 on Thursday. The company’s fifty day simple moving average is $388.08 and its two-hundred day simple moving average is $347.22. CrowdStrike Holdings, Inc. has a 12-month low of $200.81 and a 12-month high of $455.59. The firm has a market cap of $92.06 billion, a PE ratio of 728.27, a price-to-earnings-growth ratio of 17.86 and a beta of 1.19. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Barclays dropped their price target on CrowdStrike from $506.00 to $475.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 5th. KeyCorp cut their target price on shares of CrowdStrike from $480.00 to $450.00 and set an “overweight” rating for the company in a research report on Wednesday, March 5th. Raymond James downgraded shares of CrowdStrike from an “outperform” rating to a “cautious” rating in a research note on Monday, March 10th. Needham & Company LLC restated a “buy” rating and set a $420.00 price target on shares of CrowdStrike in a research note on Wednesday, March 5th. Finally, Baird R W lowered shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 3rd. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $400.26.

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.