CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Stock Holdings Lowered by International Assets Investment Management LLC

International Assets Investment Management LLC cut its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 99.6% during the 4th quarter, HoldingsChannel reports. The firm owned 3,714 shares of the company’s stock after selling 922,117 shares during the quarter. International Assets Investment Management LLC’s holdings in CrowdStrike were worth $1,290,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. State Street Corp raised its holdings in shares of CrowdStrike by 2.9% during 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 last quarter. Jennison Associates LLC increased its position 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 during the period. Geode Capital Management LLC raised its stake in CrowdStrike by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 4,893,457 shares of the company’s stock valued at $1,367,505,000 after acquiring an additional 97,990 shares in the last quarter. Legal & General Group Plc boosted its position in CrowdStrike by 3.0% during the 2nd quarter. Legal & General Group Plc now owns 2,049,704 shares of the company’s stock worth $785,425,000 after acquiring an additional 60,607 shares during the period. Finally, Ameriprise Financial Inc. grew its stake in shares of CrowdStrike by 4.4% in the second quarter. Ameriprise Financial Inc. now owns 1,817,387 shares of the company’s stock worth $696,471,000 after purchasing an additional 77,100 shares in the last quarter. 71.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CRWD has been the subject of several research analyst reports. Wedbush set a $330.00 price objective on shares of CrowdStrike in a report on Thursday, October 17th. The Goldman Sachs Group upped their price target on shares of CrowdStrike from $372.00 to $415.00 and gave the stock a “buy” rating in a research note on Tuesday, December 24th. Bank of America raised their price objective on shares of CrowdStrike from $365.00 to $400.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. JPMorgan Chase & Co. upped their target price on CrowdStrike from $372.00 to $418.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. Finally, Susquehanna lifted their price target on CrowdStrike from $310.00 to $400.00 and gave the company a “positive” rating in a research report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $365.88.

Insider Activity 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 shares were 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction on Friday, October 11th. The stock was sold at an average price of $320.38, for a total transaction of $2,002,375.00. Following the transaction, the director now owns 821,766 shares in the company, valued at approximately $263,277,391.08. This trade represents a 0.75 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 116,601 shares of company stock valued at $40,755,368. 4.34% of the stock is owned by corporate insiders.

CrowdStrike Stock Performance

Shares of CRWD stock opened at $358.72 on Thursday. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $398.33. The stock’s 50-day moving average is $350.02 and its two-hundred day moving average is $313.90. 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 firm has a market cap of $88.36 billion, a P/E ratio of 703.39, a PEG ratio of 19.48 and a beta of 1.14.

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.