Overbrook Management Corp Has $8.19 Million Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Overbrook Management Corp lowered its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 18.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,941 shares of the company’s stock after selling 5,341 shares during the period. CrowdStrike comprises 1.8% of Overbrook Management Corp’s holdings, making the stock its 23rd largest position. Overbrook Management Corp’s holdings in CrowdStrike were worth $8,192,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in CRWD. Synergy Financial Group LTD increased its holdings in shares of CrowdStrike by 0.8% in the third 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. Meridian Financial Partners LLC increased its stake in CrowdStrike by 0.6% during the 4th quarter. Meridian Financial Partners LLC now owns 5,595 shares of the company’s stock worth $1,914,000 after purchasing an additional 33 shares in the last quarter. Sunpointe LLC increased its stake in CrowdStrike by 3.1% during the 3rd quarter. Sunpointe LLC now owns 1,131 shares of the company’s stock worth $317,000 after purchasing an additional 34 shares in the last quarter. Hilltop Holdings Inc. raised its holdings in CrowdStrike by 1.8% during the 3rd quarter. Hilltop Holdings Inc. now owns 1,932 shares of the company’s stock worth $542,000 after buying an additional 34 shares during the period. Finally, Interchange Capital Partners LLC lifted 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 valued at $1,036,000 after buying an additional 39 shares in the last quarter. Institutional investors and hedge funds own 71.16% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CRWD. Wedbush set a $330.00 price objective on shares of CrowdStrike in a report on Thursday, October 17th. Jefferies Financial Group lifted their price target on CrowdStrike from $415.00 to $450.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. BNP Paribas began coverage on CrowdStrike in a research report on Tuesday, October 8th. They set a “neutral” rating and a $285.00 price objective for the company. Truist Financial lifted their target price on CrowdStrike from $375.00 to $385.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. Finally, Royal Bank of Canada upped their price target on CrowdStrike from $365.00 to $420.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. One research analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $366.38.

CrowdStrike Trading Down 1.8 %

CRWD stock opened at $357.00 on Monday. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week high of $398.33. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. The company’s 50-day simple moving average is $355.86 and its 200 day simple moving average is $312.41. The company has a market capitalization of $87.93 billion, a PE ratio of 700.01, a price-to-earnings-growth ratio of 18.55 and a beta of 1.14.

Insiders Place Their Bets

In other news, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $340.44, for a total transaction of $1,361,760.00. Following the completion of the sale, the insider now directly owns 120,298 shares in the company, valued at approximately $40,954,251.12. This represents a 3.22 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Sameer K. Gandhi sold 5,036 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $320.48, for a total value of $1,613,937.28. Following the completion of the transaction, the director now owns 816,730 shares in the company, valued at $261,745,630.40. The trade was a 0.61 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 110,351 shares of company stock worth $38,935,113 in the last quarter. Corporate insiders own 4.34% of the company’s stock.

CrowdStrike Company 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.