Glynn Capital Management LLC Decreases Stock Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Glynn Capital Management LLC lessened its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 13.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 145,177 shares of the company’s stock after selling 22,355 shares during the period. CrowdStrike accounts for 6.9% of Glynn Capital Management LLC’s portfolio, making the stock its 3rd largest holding. Glynn Capital Management LLC’s holdings in CrowdStrike were worth $37,067,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of CRWD. Commonwealth Equity Services LLC boosted its holdings in CrowdStrike by 2.9% in the third quarter. Commonwealth Equity Services LLC now owns 126,980 shares of the company’s stock valued at $21,254,000 after acquiring an additional 3,581 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in shares of CrowdStrike by 2.2% in the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 55,180 shares of the company’s stock valued at $9,236,000 after purchasing an additional 1,200 shares during the last quarter. Chevy Chase Trust Holdings LLC grew its position in shares of CrowdStrike by 9.1% during the 3rd quarter. Chevy Chase Trust Holdings LLC now owns 3,346 shares of the company’s stock worth $560,000 after buying an additional 280 shares during the period. SVB Wealth LLC raised its stake in shares of CrowdStrike by 33.7% during the third quarter. SVB Wealth LLC now owns 3,302 shares of the company’s stock worth $553,000 after buying an additional 833 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its holdings in CrowdStrike by 21.7% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 101,082 shares of the company’s stock valued at $16,919,000 after buying an additional 18,051 shares during the period. 71.16% of the stock is currently owned by institutional investors.

Insider Activity

In other CrowdStrike news, CAO Anurag Saha sold 1,019 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $325.80, for a total transaction of $331,990.20. Following the completion of the sale, the chief accounting officer now directly owns 36,136 shares in the company, valued at $11,773,108.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CAO Anurag Saha sold 1,019 shares of CrowdStrike stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $325.80, for a total transaction of $331,990.20. Following the completion of the sale, the chief accounting officer now directly owns 36,136 shares of the company’s stock, valued at approximately $11,773,108.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $308.79, for a total value of $1,235,160.00. Following the completion of the sale, the insider now owns 208,961 shares of the company’s stock, valued at $64,525,067.19. The disclosure for this sale can be found here. Insiders have sold 223,544 shares of company stock valued at $72,113,932 over the last ninety days. 5.68% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

CRWD has been the subject of a number of analyst reports. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $400.00 target price on shares of CrowdStrike in a report on Wednesday, April 17th. Canaccord Genuity Group lifted their price objective on CrowdStrike from $300.00 to $400.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Citigroup upped their price objective on CrowdStrike from $320.00 to $425.00 and gave the company a “buy” rating in a report on Thursday, March 7th. KeyCorp decreased their target price on CrowdStrike from $430.00 to $376.00 and set an “overweight” rating for the company in a research report on Thursday, April 18th. Finally, Robert W. Baird increased their price target on shares of CrowdStrike from $281.00 to $350.00 and gave the company an “outperform” rating in a research report on Wednesday, March 6th. One investment analyst has rated the stock with a hold rating and thirty-seven have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $371.87.

CrowdStrike Stock Performance

NASDAQ CRWD traded up $3.10 during trading on Wednesday, reaching $295.64. 1,068,973 shares of the company’s stock were exchanged, compared to its average volume of 3,459,549. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.76 and a quick ratio of 1.76. The business has a 50 day moving average price of $313.58 and a 200-day moving average price of $270.86. The stock has a market capitalization of $71.51 billion, a P/E ratio of 811.77, a PEG ratio of 12.16 and a beta of 1.05. CrowdStrike Holdings, Inc. has a fifty-two week low of $115.67 and a fifty-two week high of $365.00.

CrowdStrike (NASDAQ:CRWD) last posted its earnings results on Tuesday, March 5th. The company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.06. CrowdStrike had a return on equity of 6.09% and a net margin of 2.92%. The business had revenue of $845.34 million for the quarter, compared to analyst estimates of $839.08 million. Sell-side analysts forecast that CrowdStrike Holdings, Inc. will post 1.12 earnings per share for the current fiscal year.

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.