Modera Wealth Management LLC Sells 324 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Modera Wealth Management LLC trimmed its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 9.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,296 shares of the company’s stock after selling 324 shares during the quarter. Modera Wealth Management LLC’s holdings in CrowdStrike were worth $1,128,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the business. SRS Capital Advisors Inc. raised its stake in CrowdStrike by 41.7% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,118 shares of the company’s stock valued at $382,000 after buying an additional 329 shares during the last quarter. Halbert Hargrove Global Advisors LLC purchased a new position in shares of CrowdStrike in the 4th quarter worth about $42,000. Bailard Inc. boosted its stake in CrowdStrike by 23.1% in the 4th quarter. Bailard Inc. now owns 23,187 shares of the company’s stock worth $7,934,000 after purchasing an additional 4,350 shares in the last quarter. Norden Group LLC boosted its stake in CrowdStrike by 8.6% in the 4th quarter. Norden Group LLC now owns 1,458 shares of the company’s stock worth $499,000 after purchasing an additional 116 shares in the last quarter. Finally, IFG Advisors LLC purchased a new stake in CrowdStrike during the 4th quarter valued at about $208,000. 71.16% of the stock is owned by hedge funds and other institutional investors.

CrowdStrike Stock Down 1.8 %

NASDAQ CRWD opened at $382.73 on Tuesday. CrowdStrike Holdings, Inc. has a 12 month low of $200.81 and a 12 month high of $455.59. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. The stock has a market cap of $94.27 billion, a PE ratio of 750.47, a P/E/G ratio of 17.86 and a beta of 1.16. The stock’s 50 day moving average is $387.36 and its 200 day moving average is $336.92.

Insider Activity

In other news, CAO Anurag Saha sold 1,863 shares of the firm’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 completion of the transaction, the chief accounting officer now owns 41,059 shares in the company, valued at $14,718,009.14. This trade represents a 4.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO George Kurtz sold 18,071 shares of the business’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $359.70, for a total value of $6,500,138.70. Following the completion of the sale, the chief executive officer now owns 2,159,935 shares in the company, valued at $776,928,619.50. This represents a 0.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 100,315 shares of company stock worth $38,387,254 over the last quarter. Insiders own 4.34% of the company’s stock.

Analysts Set New Price Targets

CRWD has been the subject of several recent analyst reports. Canaccord Genuity Group lifted their target price on shares of CrowdStrike from $370.00 to $420.00 and gave the stock a “buy” rating in a report on Monday. Citigroup restated a “buy” rating on shares of CrowdStrike in a report on Wednesday, February 5th. Cantor Fitzgerald increased their target price on CrowdStrike from $350.00 to $370.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. Piper Sandler boosted their price target on CrowdStrike from $290.00 to $375.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. Finally, The Goldman Sachs Group upped their price target on CrowdStrike from $372.00 to $415.00 and gave the company a “buy” rating in a report on Tuesday, December 24th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $391.75.

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.