CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Stock Holdings Cut by Ithaka Group LLC

Ithaka Group LLC lessened its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 1.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 19,092 shares of the company’s stock after selling 283 shares during the quarter. CrowdStrike makes up approximately 1.2% of Ithaka Group LLC’s investment portfolio, making the stock its 29th largest position. Ithaka Group LLC’s holdings in CrowdStrike were worth $6,533,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of CRWD. Commonwealth Equity Services LLC raised its position in CrowdStrike by 1.5% in the fourth quarter. Commonwealth Equity Services LLC now owns 191,006 shares of the company’s stock worth $65,355,000 after acquiring an additional 2,789 shares in the last quarter. Balboa Wealth Partners grew its stake in shares of CrowdStrike by 15.4% in the 4th quarter. Balboa Wealth Partners now owns 5,495 shares of the company’s stock worth $1,880,000 after purchasing an additional 733 shares during the last quarter. HBK Sorce Advisory LLC raised its holdings in shares of CrowdStrike by 66.3% in the 4th quarter. HBK Sorce Advisory LLC now owns 1,962 shares of the company’s stock worth $671,000 after purchasing an additional 782 shares in the last quarter. Wintrust Investments LLC lifted its stake in CrowdStrike by 4.2% during the fourth quarter. Wintrust Investments LLC now owns 719 shares of the company’s stock valued at $246,000 after purchasing an additional 29 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ boosted its stake in shares of CrowdStrike by 1.6% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 51,779 shares of the company’s stock worth $18,081,000 after acquiring an additional 802 shares in the last quarter. Institutional investors and hedge funds own 71.16% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on CRWD shares. Barclays cut their target price on shares of CrowdStrike from $506.00 to $475.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 5th. Citigroup reiterated a “buy” rating on shares of CrowdStrike in a report on Wednesday, February 5th. Evercore ISI increased their price target on shares of CrowdStrike from $400.00 to $450.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 5th. Stifel Nicolaus dropped their price objective on shares of CrowdStrike from $475.00 to $435.00 and set a “buy” rating on the stock in a research note on Wednesday, March 5th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of CrowdStrike in a research note on Wednesday, March 5th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $398.78.

Insider Activity

In other CrowdStrike news, 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 $42,459,423.38. This trade represents a 4.07 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Anurag Saha sold 1,863 shares of the company’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $358.46, for a total value of $667,810.98. Following the transaction, the chief accounting officer now directly owns 41,059 shares of the company’s stock, valued at $14,718,009.14. This represents a 4.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 100,315 shares of company stock worth $38,387,254 over the last quarter. 4.34% of the stock is currently owned by company insiders.

CrowdStrike Trading Up 5.2 %

Shares of NASDAQ CRWD opened at $346.76 on Thursday. The stock has a market cap of $85.41 billion, a price-to-earnings ratio of 679.93, a P/E/G ratio of 17.86 and a beta of 1.19. 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 company’s fifty day moving average is $386.10 and its 200-day moving average is $340.26. CrowdStrike Holdings, Inc. has a twelve month low of $200.81 and a twelve month high of $455.59.

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.