Envestnet Portfolio Solutions Inc. Sells 208 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Envestnet Portfolio Solutions Inc. trimmed its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 2.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,706 shares of the company’s stock after selling 208 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in CrowdStrike were worth $2,979,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Jennison Associates LLC lifted its stake in CrowdStrike by 25.0% in the third quarter. Jennison Associates LLC now owns 5,068,800 shares of the company’s stock worth $1,421,646,000 after acquiring an additional 1,013,161 shares during the period. Daiwa Securities Group Inc. raised its holdings in CrowdStrike by 1,655.9% in the 3rd quarter. Daiwa Securities Group Inc. now owns 755,951 shares of the company’s stock worth $212,021,000 after purchasing an additional 712,900 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of CrowdStrike in the 4th quarter worth about $237,375,000. Amundi boosted its stake in shares of CrowdStrike by 41.9% during the 4th quarter. Amundi now owns 1,382,952 shares of the company’s stock valued at $496,093,000 after purchasing an additional 408,190 shares in the last quarter. Finally, State Street Corp increased its position in shares of CrowdStrike by 2.9% during the third quarter. State Street Corp now owns 9,630,776 shares of the company’s stock valued at $2,701,144,000 after buying an additional 275,717 shares during the period. 71.16% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Shawn Henry sold 4,500 shares of the company’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $353.00, for a total value of $1,588,500.00. Following the completion of the sale, the insider now directly owns 89,714 shares in the company, valued at $31,669,042. This represents a 4.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Anurag Saha sold 1,863 shares of CrowdStrike stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $358.46, for a total value of $667,810.98. Following 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 100,315 shares of company stock worth $38,319,124. Company insiders own 4.34% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on CRWD. Westpark Capital restated a “hold” rating on shares of CrowdStrike in a report on Wednesday, March 5th. 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. Wedbush upped their price target on CrowdStrike from $390.00 to $395.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 5th. Needham & Company LLC reissued a “buy” rating and set a $420.00 price objective on shares of CrowdStrike in a research report on Wednesday, March 5th. Finally, Oppenheimer boosted their target price on shares of CrowdStrike from $365.00 to $410.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $399.51.

CrowdStrike Stock Performance

CRWD opened at $375.05 on Thursday. The company’s 50 day moving average is $386.06 and its 200 day moving average is $343.34. 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 company has a market cap of $92.96 billion, a price-to-earnings ratio of 735.41, a PEG ratio of 17.86 and a beta of 1.19. CrowdStrike Holdings, Inc. has a 12-month low of $200.81 and a 12-month 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.