CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Sold by Simplicity Wealth LLC

Simplicity Wealth LLC decreased its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 5.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 687 shares of the company’s stock after selling 41 shares during the quarter. Simplicity Wealth LLC’s holdings in CrowdStrike were worth $235,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in CRWD. CWA Asset Management Group LLC acquired a new stake in CrowdStrike in the third quarter valued at approximately $630,000. Axxcess Wealth Management LLC raised its holdings in CrowdStrike by 39.0% in the third quarter. Axxcess Wealth Management LLC now owns 4,003 shares of the company’s stock valued at $1,123,000 after acquiring an additional 1,123 shares in the last quarter. Ashton Thomas Securities LLC purchased a new position in CrowdStrike in the third quarter valued at approximately $38,000. Jaffetilchin Investment Partners LLC increased its stake in CrowdStrike by 8.2% in the third quarter. Jaffetilchin Investment Partners LLC now owns 4,069 shares of the company’s stock valued at $1,141,000 after purchasing an additional 308 shares during the last quarter. Finally, Venturi Wealth Management LLC increased its stake in CrowdStrike by 7.0% in the third quarter. Venturi Wealth Management LLC now owns 1,946 shares of the company’s stock valued at $546,000 after purchasing an additional 128 shares during the last quarter. Institutional investors and hedge funds own 71.16% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on CRWD shares. KeyCorp dropped their price target on shares of CrowdStrike from $480.00 to $450.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 5th. Rosenblatt Securities reiterated a “buy” rating and issued a $450.00 price target on shares of CrowdStrike in a research note on Wednesday, March 5th. Needham & Company LLC reiterated a “buy” rating and issued a $420.00 price target on shares of CrowdStrike in a research note on Wednesday, March 5th. BMO Capital Markets increased their price target on shares of CrowdStrike from $380.00 to $405.00 and gave the company an “outperform” rating in a research note on Wednesday, March 5th. Finally, Citigroup restated a “buy” rating on shares of CrowdStrike in a research report on Wednesday, February 5th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, CrowdStrike presently has an average rating of “Moderate Buy” and a consensus price target of $398.78.

Insider Transactions at CrowdStrike

In other news, CAO Anurag Saha sold 1,863 shares of CrowdStrike stock in a transaction on 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 of the company’s stock, valued at $14,718,009.14. The trade was a 4.34 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $450.67, for a total value of $1,802,680.00. Following the sale, the insider now owns 94,214 shares of the company’s stock, valued at approximately $42,459,423.38. This represents a 4.07 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 100,315 shares of company stock valued at $38,387,254 in the last 90 days. 4.34% of the stock is currently owned by insiders.

CrowdStrike Price Performance

CrowdStrike stock opened at $329.75 on Wednesday. CrowdStrike Holdings, Inc. has a one year low of $200.81 and a one year high of $455.59. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. The business has a fifty day moving average of $386.01 and a two-hundred day moving average of $340.21. The company has a market cap of $81.22 billion, a P/E ratio of 646.58, a price-to-earnings-growth ratio of 17.86 and a beta of 1.19.

CrowdStrike 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.