CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Sold by WealthShield Partners LLC

WealthShield Partners LLC cut its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 3.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,423 shares of the company’s stock after selling 620 shares during the period. WealthShield Partners LLC’s holdings in CrowdStrike were worth $5,619,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Jennison Associates LLC raised its holdings in CrowdStrike by 25.0% in the third quarter. Jennison Associates LLC now owns 5,068,800 shares of the company’s stock valued at $1,421,646,000 after buying an additional 1,013,161 shares during the period. Daiwa Securities Group Inc. raised its holdings in CrowdStrike by 1,655.9% in the third quarter. Daiwa Securities Group Inc. now owns 755,951 shares of the company’s stock valued at $212,021,000 after buying an additional 712,900 shares during the period. State Street Corp raised its holdings in CrowdStrike by 2.9% in 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. Whale Rock Capital Management LLC purchased a new position in CrowdStrike in the third quarter valued at approximately $69,280,000. Finally, Assenagon Asset Management S.A. raised its holdings in CrowdStrike by 41.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 737,184 shares of the company’s stock valued at $252,235,000 after buying an additional 215,986 shares during the period. 71.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently commented on CRWD shares. Truist Financial raised their price target on shares of CrowdStrike from $385.00 to $460.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. Robert W. Baird reiterated a “neutral” rating and set a $430.00 price objective (up previously from $390.00) on shares of CrowdStrike in a research note on Monday, February 3rd. UBS Group lowered shares of CrowdStrike from a “buy” rating to a “cautious” rating in a research note on Wednesday, February 5th. Evercore ISI lifted their price objective on shares of CrowdStrike from $325.00 to $400.00 and gave the company an “outperform” rating in a research note on Monday, November 25th. Finally, Mizuho lifted their price objective on shares of CrowdStrike from $385.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, February 12th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-eight have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, CrowdStrike has an average rating of “Moderate Buy” and an average target price of $383.08.

Insider Activity

In related news, Director Gerhard Watzinger sold 30,000 shares of the company’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $348.93, for a total value of $10,467,900.00. Following the completion of the sale, the director now owns 42,391 shares of the company’s stock, valued at $14,791,491.63. This represents a 41.44 % decrease in their ownership of the stock. 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 transaction of $667,810.98. Following the completion of the sale, the chief accounting officer now directly owns 41,059 shares of the company’s stock, valued at $14,718,009.14. The trade was a 4.34 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 136,565 shares of company stock valued at $51,038,529. 4.34% of the stock is currently owned by company insiders.

CrowdStrike Stock Performance

Shares of CRWD opened at $406.61 on Monday. CrowdStrike Holdings, Inc. has a 1 year low of $200.81 and a 1 year high of $455.59. The company has a market cap of $100.15 billion, a price-to-earnings ratio of 797.30, 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 quick ratio of 1.86 and a current ratio of 1.86. The firm has a fifty day moving average of $384.76 and a 200-day moving average of $331.06.

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.