OMERS ADMINISTRATION Corp Sells 965 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

OMERS ADMINISTRATION Corp trimmed its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 6.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,470 shares of the company’s stock after selling 965 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in CrowdStrike were worth $4,609,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Berbice Capital Management LLC acquired a new stake in shares of CrowdStrike during the fourth quarter worth $27,000. FPC Investment Advisory Inc. raised its stake in CrowdStrike by 811.1% in the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock valued at $28,000 after purchasing an additional 73 shares in the last quarter. Luken Investment Analytics LLC acquired a new position in CrowdStrike in the fourth quarter valued at about $34,000. Crowley Wealth Management Inc. acquired a new position in CrowdStrike in the fourth quarter valued at about $34,000. Finally, Millstone Evans Group LLC acquired a new position in CrowdStrike in the fourth quarter valued at about $34,000. 71.16% of the stock is owned by institutional investors.

Insider Transactions at CrowdStrike

In other news, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $450.67, for a total transaction of $1,802,680.00. Following the completion of the transaction, the insider now owns 94,214 shares of the company’s stock, valued at approximately $42,459,423.38. The trade was a 4.07% 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 the SEC website. Also, CAO Anurag Saha sold 1,496 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 value of $536,495.52. Following the transaction, the chief accounting officer now directly owns 36,165 shares of the company’s stock, valued at $12,969,492.30. The trade was a 3.97% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 189,431 shares of company stock valued at $76,275,228. 3.32% of the stock is owned by corporate insiders.

CrowdStrike Stock Up 2.5%

CRWD stock opened at $440.20 on Wednesday. CrowdStrike Holdings, Inc. has a twelve month low of $200.81 and a twelve 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 $109.11 billion, a PE ratio of 863.15, a PEG ratio of 17.86 and a beta of 1.22. The stock has a 50-day simple moving average of $379.14 and a two-hundred day simple moving average of $372.03.

Analysts Set New Price Targets

CRWD has been the subject of a number of analyst reports. Westpark Capital reaffirmed a “hold” rating on shares of CrowdStrike in a research note on Wednesday, March 5th. Barclays dropped their price target on CrowdStrike from $506.00 to $475.00 and set an “overweight” rating for the company in a research note on Wednesday, March 5th. JPMorgan Chase & Co. boosted their target price on CrowdStrike from $418.00 to $450.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. JMP Securities boosted their target price on CrowdStrike from $400.00 to $500.00 and gave the stock a “market outperform” rating in a research note on Monday, May 5th. Finally, Wedbush boosted their target price on CrowdStrike from $390.00 to $395.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirty have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $403.20.

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.