CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Sold by Clearbridge Investments LLC

Clearbridge Investments LLC reduced its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 25.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,792,661 shares of the company’s stock after selling 612,293 shares during the quarter. Clearbridge Investments LLC owned 0.73% of CrowdStrike worth $613,377,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Berbice Capital Management LLC bought a new stake in shares of CrowdStrike during the 4th quarter worth about $27,000. FPC Investment Advisory Inc. raised its holdings in CrowdStrike by 811.1% during the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock worth $28,000 after purchasing an additional 73 shares in the last quarter. Fortitude Family Office LLC lifted its position in CrowdStrike by 112.8% in the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock worth $28,000 after purchasing an additional 44 shares during the period. Crowley Wealth Management Inc. bought a new position in CrowdStrike during the 4th quarter valued at $34,000. Finally, Luken Investment Analytics LLC acquired a new position in shares of CrowdStrike during the 4th quarter valued at $34,000. Institutional investors own 71.16% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on CRWD shares. Mizuho raised their target price on CrowdStrike from $385.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, February 12th. UBS Group dropped their target price on shares of CrowdStrike from $450.00 to $425.00 and set a “buy” rating on the stock in a report on Wednesday, March 5th. Morgan Stanley set a $429.00 target price on shares of CrowdStrike in a report on Tuesday, March 18th. Canaccord Genuity Group increased their price objective on CrowdStrike from $370.00 to $420.00 and gave the company a “buy” rating in a research report on Monday, March 3rd. Finally, Raymond James lowered CrowdStrike from an “outperform” rating to a “cautious” rating in a research report on Monday, March 10th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $400.26.

Insiders Place Their Bets

In related news, CEO George Kurtz sold 22,449 shares of the company’s stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $358.68, for a total transaction of $8,052,007.32. Following the completion of the transaction, the chief executive officer now directly owns 2,178,452 shares in the company, valued at $781,367,163.36. This represents a 1.02 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Anurag Saha sold 1,496 shares of the stock in a transaction on Friday, March 21st. The shares were sold at an average price of $358.62, for a total value of $536,495.52. Following the completion of the transaction, the chief accounting officer now owns 36,165 shares of the company’s stock, valued at $12,969,492.30. The trade was a 3.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 110,801 shares of company stock worth $42,092,255 in the last quarter. 4.34% of the stock is currently owned by corporate insiders.

CrowdStrike Stock Performance

NASDAQ CRWD opened at $357.11 on Friday. 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 $88.52 billion, a PE ratio of 700.23, a P/E/G ratio of 17.86 and a beta of 1.19. The firm has a 50-day moving average of $388.15 and a 200-day moving average of $348.82. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86.

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.