CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Sold by Glen Eagle Advisors LLC

Glen Eagle Advisors LLC trimmed its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 10.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 384 shares of the company’s stock after selling 44 shares during the period. Glen Eagle Advisors LLC’s holdings in CrowdStrike were worth $131,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in CRWD. Vanguard Group Inc. grew its holdings in CrowdStrike by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 21,926,011 shares of the company’s stock worth $7,502,204,000 after acquiring an additional 342,294 shares during the period. Jennison Associates LLC boosted its position in shares of CrowdStrike by 6.9% during the 4th quarter. Jennison Associates LLC now owns 5,420,980 shares of the company’s stock valued at $1,854,843,000 after purchasing an additional 352,180 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of CrowdStrike by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 5,018,441 shares of the company’s stock worth $1,712,063,000 after purchasing an additional 124,984 shares during the last quarter. Norges Bank bought a new stake in shares of CrowdStrike in the 4th quarter worth approximately $1,111,542,000. Finally, Northern Trust Corp lifted its stake in CrowdStrike by 16.6% during the fourth quarter. Northern Trust Corp now owns 2,271,722 shares of the company’s stock valued at $777,292,000 after purchasing an additional 324,136 shares during the last quarter. 71.16% of the stock is owned by institutional investors and hedge funds.

CrowdStrike Stock Down 1.7%

CRWD opened at $434.74 on Thursday. The company has a market capitalization of $107.76 billion, a PE ratio of 852.45, a price-to-earnings-growth ratio of 17.86 and a beta of 1.22. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick 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 business has a 50-day moving average of $391.60 and a 200-day moving average of $377.11.

Analyst Ratings Changes

CRWD has been the subject of a number of research reports. Westpark Capital restated a “hold” rating on shares of CrowdStrike in a report on Wednesday, March 5th. Evercore ISI increased their price objective on CrowdStrike from $400.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday, March 5th. Canaccord Genuity Group lifted their target price on CrowdStrike from $370.00 to $420.00 and gave the stock a “buy” rating in a report on Monday, March 3rd. Scotiabank reaffirmed a “sector perform” rating on shares of CrowdStrike in a research report on Wednesday, February 5th. Finally, Baird R W downgraded CrowdStrike from a “strong-buy” rating to a “hold” rating in a report on Monday, February 3rd. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have given a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $403.56.

Insider Buying and Selling

In other CrowdStrike news, Director Gerhard Watzinger sold 10,000 shares of the business’s stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $449.00, for a total value of $4,490,000.00. Following the completion of the sale, the director now owns 49,500 shares of the company’s stock, valued at $22,225,500. The trade was a 16.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Michael Sentonas sold 13,543 shares of the 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 $4,856,790.66. Following the transaction, 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 185,431 shares of company stock worth $74,472,548. Insiders own 3.32% of the company’s stock.

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.