Private Trust Co. NA Sells 124 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Private Trust Co. NA trimmed its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 2.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,339 shares of the company’s stock after selling 124 shares during the quarter. Private Trust Co. NA’s holdings in CrowdStrike were worth $1,827,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of CRWD. Nisa Investment Advisors LLC lifted its holdings in shares of CrowdStrike by 50.6% during the 3rd quarter. Nisa Investment Advisors LLC now owns 41,672 shares of the company’s stock valued at $11,688,000 after buying an additional 14,003 shares during the period. abrdn plc increased its stake in shares of CrowdStrike by 25.0% in the 3rd quarter. abrdn plc now owns 76,442 shares of the company’s stock worth $21,513,000 after purchasing an additional 15,310 shares in the last quarter. Strategic Blueprint LLC increased its stake in shares of CrowdStrike by 6.4% in the 3rd quarter. Strategic Blueprint LLC now owns 2,498 shares of the company’s stock worth $701,000 after purchasing an additional 151 shares in the last quarter. Fidelis Capital Partners LLC increased its stake in shares of CrowdStrike by 28.5% in the 3rd quarter. Fidelis Capital Partners LLC now owns 1,163 shares of the company’s stock worth $348,000 after purchasing an additional 258 shares in the last quarter. Finally, Avitas Wealth Management LLC increased its stake in shares of CrowdStrike by 26.4% in the 3rd quarter. Avitas Wealth Management LLC now owns 1,200 shares of the company’s stock worth $337,000 after purchasing an additional 251 shares in the last quarter. 71.16% of the stock is owned by institutional investors.

Insider Activity

In other CrowdStrike news, CEO George Kurtz sold 18,071 shares of the company’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $359.70, for a total value of $6,500,138.70. Following the sale, the chief executive officer now directly owns 2,159,935 shares of the company’s stock, valued at approximately $776,928,619.50. This represents a 0.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Anurag Saha sold 1,863 shares of the company’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $358.46, for a total transaction of $667,810.98. Following the completion of the sale, the chief accounting officer now directly owns 41,059 shares in the company, valued at approximately $14,718,009.14. The trade was a 4.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 106,565 shares of company stock valued at $40,570,629 over the last ninety days. 4.34% of the stock is currently owned by insiders.

CrowdStrike Price Performance

Shares of CRWD opened at $380.24 on Friday. The firm has a market capitalization of $93.66 billion, a PE ratio of 745.58, a price-to-earnings-growth ratio of 17.86 and a beta of 1.16. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. CrowdStrike Holdings, Inc. has a 1-year low of $200.81 and a 1-year high of $455.59. The company’s fifty day moving average price is $386.39 and its 200-day moving average price is $333.85.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Piper Sandler upped their price objective on CrowdStrike from $290.00 to $375.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. The Goldman Sachs Group upped their price objective on CrowdStrike from $372.00 to $415.00 and gave the stock a “buy” rating in a research note on Tuesday, December 24th. Scotiabank reiterated a “sector perform” rating on shares of CrowdStrike in a research note on Wednesday, February 5th. Robert W. Baird reissued a “neutral” rating and set a $430.00 price target (up from $390.00) on shares of CrowdStrike in a report on Monday, February 3rd. Finally, Needham & Company LLC raised their price target on CrowdStrike from $360.00 to $420.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have given a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $388.70.

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.