Candriam S.C.A. Sells 9,212 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Candriam S.C.A. decreased its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 4.8% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 181,249 shares of the company’s stock after selling 9,212 shares during the period. Candriam S.C.A. owned about 0.07% of CrowdStrike worth $62,016,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of CRWD. Jennison Associates LLC lifted its stake in CrowdStrike by 25.0% in the 3rd quarter. Jennison Associates LLC now owns 5,068,800 shares of the company’s stock valued at $1,421,646,000 after acquiring an additional 1,013,161 shares in the last quarter. Daiwa Securities Group Inc. raised its stake in shares of CrowdStrike by 1,655.9% during 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. bought a new stake in shares of CrowdStrike during the 4th quarter worth approximately $237,375,000. State Street Corp raised its stake in shares of CrowdStrike by 2.9% during the 3rd quarter. State Street Corp now owns 9,630,776 shares of the company’s stock worth $2,701,144,000 after purchasing an additional 275,717 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in shares of CrowdStrike during the 4th quarter worth approximately $86,869,000. Institutional investors own 71.16% of the company’s stock.

Insider Activity

In other news, CAO Anurag Saha sold 1,863 shares of the 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 completion of the sale, the chief accounting officer now owns 41,059 shares of the company’s stock, valued at approximately $14,718,009.14. This represents a 4.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Shawn Henry sold 4,000 shares of the stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $354.91, for a total value of $1,419,640.00. Following the completion of the sale, the insider now directly owns 98,214 shares of the company’s stock, valued at approximately $34,857,130.74. The trade was a 3.91 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 100,315 shares of company stock valued at $38,387,254. Company insiders own 4.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CRWD. UBS Group decreased their target price on CrowdStrike from $450.00 to $425.00 and set a “buy” rating on the stock in a report on Wednesday. Guggenheim reissued a “neutral” rating on shares of CrowdStrike in a report on Wednesday. Barclays decreased their target price on CrowdStrike from $506.00 to $475.00 and set an “overweight” rating on the stock in a report on Wednesday. Robert W. Baird decreased their price objective on CrowdStrike from $440.00 to $405.00 and set a “neutral” rating on the stock in a report on Wednesday. Finally, Evercore ISI upped their price objective on CrowdStrike from $400.00 to $450.00 and gave the company an “outperform” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $400.10.

CrowdStrike Trading Down 6.3 %

Shares of CRWD stock opened at $365.44 on Thursday. The stock has a market cap of $90.01 billion, a price-to-earnings ratio of 716.56, a PEG ratio of 17.86 and a beta of 1.19. The stock has a 50-day moving average of $387.84 and a 200-day moving average of $338.02. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. CrowdStrike Holdings, Inc. has a 1-year low of $200.81 and a 1-year high of $455.59.

CrowdStrike 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.