Meitav Investment House Ltd. Lowers Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Meitav Investment House Ltd. trimmed its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 16.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,650 shares of the company’s stock after selling 333 shares during the period. Meitav Investment House Ltd.’s holdings in CrowdStrike were worth $566,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in CRWD. Synergy Financial Group LTD boosted its holdings in CrowdStrike by 0.8% during the 3rd quarter. Synergy Financial Group LTD now owns 3,950 shares of the company’s stock valued at $1,108,000 after acquiring an additional 30 shares during the period. M3 Advisory Group LLC boosted its stake in shares of CrowdStrike by 2.8% in the fourth quarter. M3 Advisory Group LLC now owns 1,188 shares of the company’s stock valued at $407,000 after purchasing an additional 32 shares during the period. Meridian Financial Partners LLC grew its holdings in shares of CrowdStrike by 0.6% in the fourth quarter. Meridian Financial Partners LLC now owns 5,595 shares of the company’s stock valued at $1,914,000 after purchasing an additional 33 shares in the last quarter. First Affirmative Financial Network increased its stake in CrowdStrike by 4.2% during the 4th quarter. First Affirmative Financial Network now owns 811 shares of the company’s stock worth $278,000 after buying an additional 33 shares during the period. Finally, Hilltop Holdings Inc. increased its stake in CrowdStrike by 1.8% during the 3rd quarter. Hilltop Holdings Inc. now owns 1,932 shares of the company’s stock worth $542,000 after buying an additional 34 shares during the period. 71.16% of the stock is currently owned by institutional investors and hedge funds.

CrowdStrike Price Performance

CrowdStrike stock opened at $436.14 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. The business has a 50 day simple moving average of $383.99 and a 200-day simple moving average of $328.39. CrowdStrike Holdings, Inc. has a 12 month low of $200.81 and a 12 month high of $455.59. The stock has a market capitalization of $107.43 billion, a PE ratio of 855.19, a price-to-earnings-growth ratio of 18.65 and a beta of 1.16.

Wall Street Analyst Weigh In

Several research firms have commented on CRWD. Westpark Capital restated a “hold” rating on shares of CrowdStrike in a research note on Monday, November 25th. KeyCorp boosted their target price on CrowdStrike from $395.00 to $480.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Robert W. Baird reaffirmed a “neutral” rating and issued a $430.00 price target (up previously from $390.00) on shares of CrowdStrike in a research report on Monday, February 3rd. Cantor Fitzgerald boosted their price objective on CrowdStrike from $350.00 to $370.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. Finally, JPMorgan Chase & Co. upped their target price on shares of CrowdStrike from $372.00 to $418.00 and gave the stock an “overweight” rating in a research note on Monday, December 16th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, CrowdStrike currently has an average rating of “Moderate Buy” and an average target price of $379.73.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 1,863 shares of the business’s stock in a transaction that occurred 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 transaction, the chief accounting officer now owns 41,059 shares in the company, valued at approximately $14,718,009.14. The trade was a 4.34 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Gerhard Watzinger sold 30,000 shares of the stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $348.93, for a total value of $10,467,900.00. Following the transaction, the director now directly owns 42,391 shares of the company’s stock, valued at approximately $14,791,491.63. This trade represents a 41.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 136,565 shares of company stock valued at $51,038,529. 4.34% of the stock is owned by company insiders.

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.