M&T Bank Corp Sells 276 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

M&T Bank Corp decreased its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 1.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,858 shares of the company’s stock after selling 276 shares during the quarter. M&T Bank Corp’s holdings in CrowdStrike were worth $7,253,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in CRWD. Synergy Financial Group LTD grew 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 worth $1,108,000 after acquiring an additional 30 shares in the last quarter. Sunpointe LLC boosted its stake in shares of CrowdStrike by 3.1% during the third quarter. Sunpointe LLC now owns 1,131 shares of the company’s stock valued at $317,000 after purchasing an additional 34 shares in the last quarter. Hilltop Holdings Inc. increased its holdings in CrowdStrike by 1.8% during the third quarter. Hilltop Holdings Inc. now owns 1,932 shares of the company’s stock valued at $542,000 after buying an additional 34 shares during the period. Interchange Capital Partners LLC raised its stake in CrowdStrike by 1.1% in the third quarter. Interchange Capital Partners LLC now owns 3,694 shares of the company’s stock worth $1,036,000 after buying an additional 39 shares in the last quarter. Finally, JFS Wealth Advisors LLC lifted its holdings in CrowdStrike by 9.1% during the third quarter. JFS Wealth Advisors LLC now owns 478 shares of the company’s stock worth $134,000 after buying an additional 40 shares during the period. Hedge funds and other institutional investors own 71.16% of the company’s stock.

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 transaction of $10,467,900.00. Following the completion of the transaction, the director now owns 42,391 shares in the company, valued at $14,791,491.63. This represents a 41.44 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Shawn Henry sold 4,500 shares of CrowdStrike stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $368.14, for a total value of $1,656,630.00. Following the completion of the sale, the insider now owns 115,798 shares in the company, valued at approximately $42,629,875.72. The trade was a 3.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 60,036 shares of company stock worth $20,523,497 over the last three months. 4.34% of the stock is currently owned by corporate insiders.

CrowdStrike Price Performance

Shares of CrowdStrike stock opened at $362.29 on Monday. The firm has a market cap of $89.24 billion, a PE ratio of 710.39, a P/E/G ratio of 19.48 and a beta of 1.11. The business has a 50-day moving average price of $336.89 and a 200 day moving average price of $315.59. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. CrowdStrike Holdings, Inc. has a twelve month low of $200.81 and a twelve month high of $398.33.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Barclays boosted their price target on CrowdStrike from $295.00 to $372.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Westpark Capital reiterated a “hold” rating on shares of CrowdStrike in a report on Monday, November 25th. KeyCorp raised their price target on shares of CrowdStrike from $345.00 to $395.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. Raymond James reduced their price objective on shares of CrowdStrike from $380.00 to $275.00 and set an “outperform” rating for the company in a research note on Thursday, August 29th. Finally, Jefferies Financial Group raised their target price on shares of CrowdStrike from $415.00 to $450.00 and gave the company a “buy” rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $361.25.

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.