CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Position Reduced by Cassaday & Co Wealth Management LLC

Cassaday & Co Wealth Management LLC lowered its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 10.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 979 shares of the company’s stock after selling 115 shares during the period. Cassaday & Co Wealth Management LLC’s holdings in CrowdStrike were worth $335,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Commerzbank Aktiengesellschaft FI bought a new stake in CrowdStrike in the third quarter valued at about $246,000. International Assets Investment Management LLC grew its position in shares of CrowdStrike by 17,926.3% in the 3rd quarter. International Assets Investment Management LLC now owns 925,831 shares of the company’s stock worth $259,668,000 after acquiring an additional 920,695 shares in the last quarter. Romano Brothers AND Company bought a new stake in shares of CrowdStrike in the 3rd quarter valued at approximately $300,000. Hennion & Walsh Asset Management Inc. raised its position in shares of CrowdStrike by 27.6% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 9,085 shares of the company’s stock valued at $2,548,000 after acquiring an additional 1,967 shares in the last quarter. Finally, CENTRAL TRUST Co lifted its stake in CrowdStrike by 118.5% during the third quarter. CENTRAL TRUST Co now owns 5,099 shares of the company’s stock worth $1,430,000 after purchasing an additional 2,765 shares during the last quarter. Institutional investors own 71.16% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CRWD. Hsbc Global Res cut shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 27th. Royal Bank of Canada raised their target price on shares of CrowdStrike from $365.00 to $420.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Truist Financial lifted their target price on CrowdStrike from $385.00 to $460.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. Susquehanna increased their price target on CrowdStrike from $310.00 to $400.00 and gave the stock a “positive” rating in a research report on Wednesday, November 27th. Finally, Cantor Fitzgerald boosted their price objective on CrowdStrike from $350.00 to $370.00 and gave the company an “overweight” rating in a research report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have issued a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $383.08.

Insider Activity

In other news, Director Gerhard Watzinger sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $348.93, for a total transaction of $10,467,900.00. Following the sale, the director now owns 42,391 shares in the company, valued at $14,791,491.63. The trade was a 41.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Sameer K. Gandhi sold 6,250 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $349.34, for a total transaction of $2,183,375.00. Following the completion of the transaction, the director now directly owns 809,266 shares of the company’s stock, valued at $282,708,984.44. This represents a 0.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 136,565 shares of company stock valued at $51,038,529 over the last three months. Insiders own 4.34% of the company’s stock.

CrowdStrike Stock Performance

CRWD opened at $406.61 on Friday. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. The firm has a market cap of $100.15 billion, a PE ratio of 797.30, a P/E/G ratio of 18.44 and a beta of 1.16. The business has a fifty day simple moving average of $384.76 and a 200-day simple moving average of $329.67. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $455.59.

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.