CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Stock Position Decreased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lowered its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 10.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 72,753 shares of the company’s stock after selling 8,134 shares during the period. Allspring Global Investments Holdings LLC’s holdings in CrowdStrike were worth $25,256,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CRWD. Berbice Capital Management LLC bought a new stake in shares of CrowdStrike in the 4th quarter worth approximately $27,000. Oakworth Capital Inc. acquired a new stake in CrowdStrike in the third quarter worth $28,000. Fortitude Family Office LLC lifted its stake in CrowdStrike by 112.8% in the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock valued at $28,000 after buying an additional 44 shares during the last quarter. Castleview Partners LLC acquired a new position in shares of CrowdStrike during the third quarter valued at $32,000. Finally, Luken Investment Analytics LLC bought a new position in shares of CrowdStrike during the fourth quarter worth about $34,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

CrowdStrike Stock Performance

CRWD stock opened at $451.74 on Friday. The firm has a 50 day simple moving average of $376.70 and a 200 day simple moving average of $322.24. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week high of $454.13. The stock has a market cap of $111.27 billion, a P/E ratio of 885.78, a P/E/G ratio of 17.22 and a beta of 1.16. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Robert W. Baird reissued a “neutral” rating and set a $430.00 target price (up from $390.00) on shares of CrowdStrike in a research note on Monday, February 3rd. Needham & Company LLC increased their price objective on CrowdStrike from $360.00 to $420.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Hsbc Global Res downgraded CrowdStrike from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Truist Financial boosted their price target on CrowdStrike from $385.00 to $460.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, BMO Capital Markets raised their price target on CrowdStrike from $315.00 to $380.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, CrowdStrike has a consensus rating of “Moderate Buy” and a consensus target price of $376.00.

Insider Buying and Selling at CrowdStrike

In related news, Director Gerhard Watzinger sold 30,000 shares of the stock in a transaction on Friday, November 29th. The stock was sold at an average price of $348.93, for a total transaction of $10,467,900.00. Following the completion of the sale, the director now directly owns 42,391 shares in the company, valued at approximately $14,791,491.63. This trade represents a 41.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Shawn Henry sold 4,500 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $368.14, for a total value of $1,656,630.00. Following the completion of the transaction, the insider now owns 115,798 shares in the company, valued at $42,629,875.72. This trade represents a 3.74 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 132,565 shares of company stock valued at $49,235,849 in the last quarter. Company 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.