Beck Capital Management LLC Sells 6,903 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Beck Capital Management LLC reduced its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 27.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 18,281 shares of the company’s stock after selling 6,903 shares during the period. CrowdStrike comprises about 1.4% of Beck Capital Management LLC’s investment portfolio, making the stock its 20th biggest position. Beck Capital Management LLC’s holdings in CrowdStrike were worth $5,127,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CRWD. Benjamin Edwards Inc. boosted its holdings in shares of CrowdStrike by 260,400.0% in the 3rd quarter. Benjamin Edwards Inc. now owns 5,210 shares of the company’s stock worth $1,461,000 after acquiring an additional 5,208 shares in the last quarter. Kestra Investment Management LLC bought a new position in CrowdStrike in the 3rd quarter valued at $592,000. FSA Wealth Management LLC acquired a new position in CrowdStrike in the third quarter worth $57,000. Mark Sheptoff Financial Planning LLC grew its holdings in shares of CrowdStrike by 99.0% during the third quarter. Mark Sheptoff Financial Planning LLC now owns 400 shares of the company’s stock worth $112,000 after purchasing an additional 199 shares during the last quarter. Finally, Erste Asset Management GmbH acquired a new stake in shares of CrowdStrike in the third quarter valued at $19,790,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO George Kurtz sold 55,325 shares of the stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $296.62, for a total transaction of $16,410,501.50. Following the completion of the transaction, the chief executive officer now directly owns 1,109,746 shares of the company’s stock, valued at approximately $329,172,858.52. This represents a 4.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Shawn Henry sold 4,500 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $260.73, for a total value of $1,173,285.00. Following the transaction, the insider now directly owns 174,591 shares in the company, valued at $45,521,111.43. This trade represents a 2.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 108,248 shares of company stock worth $32,465,110 over the last ninety days. Insiders own 4.34% of the company’s stock.

CrowdStrike Stock Down 0.5 %

NASDAQ:CRWD opened at $345.97 on Monday. The company has a market cap of $84.81 billion, a PE ratio of 678.39, a PEG ratio of 25.05 and a beta of 1.10. The stock has a 50-day simple moving average of $315.80 and a 200 day simple moving average of $312.87. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.90 and a current ratio of 1.86. CrowdStrike Holdings, Inc. has a 52-week low of $200.81 and a 52-week high of $398.33.

Analyst Ratings Changes

A number of brokerages have commented on CRWD. TD Cowen decreased their price objective on shares of CrowdStrike from $400.00 to $380.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. UBS Group lowered their price target on shares of CrowdStrike from $330.00 to $310.00 and set a “buy” rating for the company in a report on Thursday, August 29th. Wedbush set a $330.00 price objective on CrowdStrike in a report on Thursday, October 17th. Citigroup lifted their target price on CrowdStrike from $300.00 to $400.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Finally, DA Davidson reaffirmed a “buy” rating and set a $310.00 price target on shares of CrowdStrike in a research note on Wednesday, September 18th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $355.80.

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.