Evanson Asset Management LLC Sells 436 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Evanson Asset Management LLC lessened its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 37.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 727 shares of the company’s stock after selling 436 shares during the quarter. Evanson Asset Management LLC’s holdings in CrowdStrike were worth $249,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of CRWD. Abich Financial Wealth Management LLC purchased a new position in shares of CrowdStrike during the 2nd quarter valued at $25,000. Oakworth Capital Inc. bought a new stake in CrowdStrike in the 3rd quarter valued at about $28,000. Fortitude Family Office LLC raised its stake in CrowdStrike by 112.8% in the 4th quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock valued at $28,000 after acquiring an additional 44 shares during the period. Tsfg LLC boosted its position in CrowdStrike by 593.3% during the third quarter. Tsfg LLC now owns 104 shares of the company’s stock worth $29,000 after purchasing an additional 89 shares during the period. Finally, Castleview Partners LLC purchased a new position in shares of CrowdStrike in the third quarter worth about $32,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

CrowdStrike Price Performance

Shares of CrowdStrike stock opened at $357.00 on Tuesday. The business has a 50 day moving average of $355.86 and a 200 day moving average of $311.89. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week high of $398.33. The company has a market cap of $87.93 billion, a PE ratio of 700.01, a P/E/G ratio of 18.55 and a beta of 1.14. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24.

Insiders Place Their Bets

In related news, Director Sameer K. Gandhi sold 5,036 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $320.48, for a total value of $1,613,937.28. Following the completion of the transaction, the director now directly owns 816,730 shares in the company, valued at $261,745,630.40. This trade represents a 0.61 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Anurag Saha sold 1,863 shares of the business’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $358.46, for a total transaction of $667,810.98. Following the sale, the chief accounting officer now directly owns 41,059 shares in the company, valued at $14,718,009.14. The trade was a 4.34 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 110,351 shares of company stock worth $38,935,113. 4.34% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

CRWD has been the subject of several analyst reports. Wells Fargo & Company raised their price objective on shares of CrowdStrike from $350.00 to $400.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. HSBC cut CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 price target for the company. in a research report on Wednesday, November 27th. KeyCorp increased their price objective on CrowdStrike from $345.00 to $395.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. Morgan Stanley lifted their target price on CrowdStrike from $325.00 to $355.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Finally, Westpark Capital reissued a “hold” rating on shares of CrowdStrike in a report on Monday, November 25th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have assigned a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, CrowdStrike currently has an average rating of “Moderate Buy” and a consensus price target of $366.38.

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.