Tocqueville Asset Management L.P. Sells 232 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Tocqueville Asset Management L.P. reduced its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 0.5% in the fourth quarter, HoldingsChannel reports. The firm owned 43,053 shares of the company’s stock after selling 232 shares during the quarter. Tocqueville Asset Management L.P.’s holdings in CrowdStrike were worth $14,731,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Berbice Capital Management LLC bought a new stake in CrowdStrike during the fourth quarter valued at approximately $27,000. Fortitude Family Office LLC grew its position in shares of CrowdStrike by 112.8% during 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. FPC Investment Advisory Inc. grew its position in shares of CrowdStrike by 811.1% during the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock valued at $28,000 after acquiring an additional 73 shares during the period. Luken Investment Analytics LLC purchased a new stake in shares of CrowdStrike in the 4th quarter worth $34,000. Finally, Legacy Bridge LLC raised its holdings in CrowdStrike by 976.9% in the 3rd quarter. Legacy Bridge LLC now owns 140 shares of the company’s stock worth $39,000 after purchasing an additional 127 shares during the period. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on CRWD shares. Mizuho boosted their price target on CrowdStrike from $385.00 to $450.00 and gave the company an “outperform” rating in a report on Wednesday, February 12th. Piper Sandler set a $347.00 price objective on CrowdStrike in a research note on Wednesday, March 5th. Westpark Capital restated a “hold” rating on shares of CrowdStrike in a research note on Wednesday, March 5th. Raymond James lowered shares of CrowdStrike from an “outperform” rating to a “cautious” rating in a research report on Monday, March 10th. Finally, KeyCorp reduced their price objective on shares of CrowdStrike from $480.00 to $450.00 and set an “overweight” rating for the company in a research note on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, CrowdStrike currently has a consensus rating of “Moderate Buy” and a consensus price target of $398.78.

CrowdStrike Price Performance

CRWD opened at $364.83 on Tuesday. CrowdStrike Holdings, Inc. has a 52-week low of $200.81 and a 52-week high of $455.59. The stock has a market cap of $89.86 billion, a P/E ratio of 715.37, a PEG ratio of 17.86 and a beta of 1.19. The business has a fifty day moving average of $385.67 and a 200 day moving average of $342.51. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24.

Insider Activity

In other CrowdStrike news, insider Shawn Henry sold 5,505 shares of the stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $358.47, for a total transaction of $1,973,377.35. Following the transaction, the insider now directly owns 110,293 shares in the company, valued at $39,536,731.71. This represents a 4.75 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Burt W. Podbere sold 11,217 shares of the firm’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $358.14, for a total transaction of $4,017,256.38. Following the transaction, the chief financial officer now directly owns 290,711 shares in the company, valued at $104,115,237.54. This trade represents a 3.72 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 100,315 shares of company stock valued at $38,319,124. 4.34% of the stock is currently owned by company insiders.

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.