Dakota Wealth Management Cuts Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Dakota Wealth Management lowered its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 77.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 860 shares of the company’s stock after selling 2,968 shares during the quarter. Dakota Wealth Management’s holdings in CrowdStrike were worth $294,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Oakworth Capital Inc. acquired a new stake in shares of CrowdStrike in the third quarter valued at about $28,000. Fortitude Family Office LLC increased its stake in CrowdStrike by 112.8% during the 4th quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock worth $28,000 after buying an additional 44 shares in the last quarter. Tsfg LLC raised its holdings in shares of CrowdStrike by 593.3% during the third quarter. Tsfg LLC now owns 104 shares of the company’s stock valued at $29,000 after acquiring an additional 89 shares during the last quarter. Castleview Partners LLC purchased a new position in shares of CrowdStrike in the third quarter valued at approximately $32,000. Finally, Strategic Investment Solutions Inc. IL purchased a new stake in shares of CrowdStrike during the second quarter worth approximately $38,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Analyst Upgrades and Downgrades

CRWD has been the topic of several recent research reports. Scotiabank lifted their target price on shares of CrowdStrike from $300.00 to $370.00 and gave the stock a “sector perform” rating in a research note on Tuesday, January 21st. Robert W. Baird increased their price objective on shares of CrowdStrike from $375.00 to $390.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. Needham & Company LLC boosted their target price on CrowdStrike from $360.00 to $420.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Stifel Nicolaus increased their price target on CrowdStrike from $375.00 to $400.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Finally, Piper Sandler upped their target price on CrowdStrike from $290.00 to $375.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $369.00.

CrowdStrike Stock Down 0.7 %

Shares of CrowdStrike stock opened at $374.92 on Friday. 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 52-week low of $200.81 and a 52-week high of $398.33. The company has a market capitalization of $92.35 billion, a P/E ratio of 735.15, a P/E/G ratio of 20.07 and a beta of 1.14. The company has a 50 day moving average of $358.65 and a 200 day moving average of $312.32.

Insider Transactions at CrowdStrike

In other CrowdStrike news, Director Gerhard Watzinger sold 30,000 shares of CrowdStrike stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $348.93, for a total transaction of $10,467,900.00. Following the completion of the sale, the director now directly owns 42,391 shares of the company’s stock, valued at $14,791,491.63. The trade was a 41.44 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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 value of $667,810.98. Following the transaction, the chief accounting officer now directly 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 disclosure for this sale can be found here. In the last three months, insiders sold 110,351 shares of company stock valued at $38,935,113. Insiders own 4.34% of the company’s stock.

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.