CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Sold by Fullerton Fund Management Co Ltd.

Fullerton Fund Management Co Ltd. cut its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 42.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 225,070 shares of the company’s stock after selling 168,618 shares during the period. CrowdStrike makes up about 2.7% of Fullerton Fund Management Co Ltd.’s investment portfolio, making the stock its 12th biggest position. Fullerton Fund Management Co Ltd.’s holdings in CrowdStrike were worth $77,010,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Elyxium Wealth LLC acquired a new stake in shares of CrowdStrike in the fourth quarter valued at about $370,000. Ensign Peak Advisors Inc increased its position in CrowdStrike by 38.9% during the fourth quarter. Ensign Peak Advisors Inc now owns 306,723 shares of the company’s stock worth $104,948,000 after purchasing an additional 85,871 shares during the last quarter. Ethic Inc. raised its position in shares of CrowdStrike by 62.7% during the 4th quarter. Ethic Inc. now owns 19,881 shares of the company’s stock valued at $6,802,000 after buying an additional 7,663 shares during the period. Fiduciary Trust Co lifted its holdings in CrowdStrike by 2.1% in the fourth quarter. Fiduciary Trust Co now owns 7,960 shares of the company’s stock valued at $2,724,000 after acquiring an additional 166 shares during the last quarter. Finally, Fred Alger Management LLC grew its position in CrowdStrike by 23.2% in the fourth quarter. Fred Alger Management LLC now owns 95,672 shares of the company’s stock worth $32,735,000 after acquiring an additional 18,027 shares during the period. Institutional investors and hedge funds own 71.16% of the company’s stock.

CrowdStrike Price Performance

Shares of CRWD opened at $410.73 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $455.59. The firm has a 50-day simple moving average of $376.01 and a 200-day simple moving average of $369.70. The company has a market capitalization of $101.81 billion, a price-to-earnings ratio of 805.37, a price-to-earnings-growth ratio of 17.86 and a beta of 1.22.

Analysts Set New Price Targets

Several brokerages have recently commented on CRWD. Stephens started coverage on CrowdStrike in a research note on Tuesday, April 1st. They issued an “overweight” rating and a $450.00 price target on the stock. Guggenheim reaffirmed a “neutral” rating on shares of CrowdStrike in a research note on Wednesday, March 5th. Morgan Stanley reduced their price target on shares of CrowdStrike from $429.00 to $415.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 16th. Wells Fargo & Company increased their price objective on shares of CrowdStrike from $400.00 to $430.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 5th. Finally, BMO Capital Markets lifted their target price on CrowdStrike from $380.00 to $405.00 and gave the company an “outperform” rating in a research report on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $403.20.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, Director Sameer K. Gandhi sold 6,250 shares of the business’s stock in a transaction on Friday, April 4th. The shares were sold at an average price of $324.16, for a total value of $2,026,000.00. Following the transaction, the director now directly owns 768,092 shares of the company’s stock, valued at approximately $248,984,702.72. The trade was a 0.81 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO George Kurtz sold 55,556 shares of the firm’s stock in a transaction on Monday, May 5th. The stock was sold at an average price of $447.54, for a total transaction of $24,863,532.24. Following the completion of the sale, the chief executive officer now owns 2,192,610 shares of the company’s stock, valued at $981,280,679.40. This trade represents a 2.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 206,551 shares of company stock valued at $83,604,814 in the last ninety days. Insiders own 4.34% of the company’s stock.

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.