Ballentine Partners LLC Sells 2,212 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Ballentine Partners LLC lowered its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 43.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,846 shares of the company’s stock after selling 2,212 shares during the period. Ballentine Partners LLC’s holdings in CrowdStrike were worth $974,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the business. Public Sector Pension Investment Board purchased a new position in CrowdStrike during the 2nd quarter valued at $3,447,000. Evergreen Capital Management LLC grew its holdings in shares of CrowdStrike by 8.7% in the second quarter. Evergreen Capital Management LLC now owns 950 shares of the company’s stock worth $364,000 after purchasing an additional 76 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in CrowdStrike by 61.1% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 43,934 shares of the company’s stock worth $16,835,000 after buying an additional 16,658 shares during the period. Sfmg LLC lifted its holdings in CrowdStrike by 29.4% during the 2nd quarter. Sfmg LLC now owns 1,497 shares of the company’s stock valued at $574,000 after buying an additional 340 shares in the last quarter. Finally, Insigneo Advisory Services LLC boosted its position in CrowdStrike by 29.3% in the 2nd quarter. Insigneo Advisory Services LLC now owns 5,391 shares of the company’s stock valued at $2,066,000 after buying an additional 1,222 shares during the period. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Analysts Set New Price Targets

CRWD has been the subject of several research analyst reports. Susquehanna lifted their price target on shares of CrowdStrike from $310.00 to $400.00 and gave the company a “positive” rating in a research note on Wednesday, November 27th. Stifel Nicolaus raised their price objective on CrowdStrike from $375.00 to $400.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Citigroup lifted their price objective on CrowdStrike from $400.00 to $420.00 and gave the company a “buy” rating in a report on Friday, January 17th. Wedbush set a $330.00 target price on shares of CrowdStrike in a report on Thursday, October 17th. Finally, Canaccord Genuity Group restated a “buy” rating and issued a $330.00 price target on shares of CrowdStrike in a report on Monday, September 30th. One investment analyst has rated the stock with a sell rating, nine have issued 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, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $369.00.

CrowdStrike Stock Performance

Shares of CRWD stock opened at $377.98 on Thursday. The stock has a market cap of $93.10 billion, a PE ratio of 741.15, a price-to-earnings-growth ratio of 18.99 and a beta of 1.14. CrowdStrike Holdings, Inc. has a 52-week low of $200.81 and a 52-week high of $398.33. The business has a 50-day simple moving average of $356.61 and a 200-day simple moving average of $311.51. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $354.91, for a total value of $1,419,640.00. Following the completion of the transaction, the insider now owns 98,214 shares in the company, valued at approximately $34,857,130.74. This represents a 3.91 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Sameer K. Gandhi sold 5,036 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $320.48, for a total value of $1,613,937.28. Following the sale, the director now owns 816,730 shares in the company, valued at $261,745,630.40. This trade represents a 0.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 110,351 shares of company stock valued at $38,935,113. 4.34% of the stock is owned by company insiders.

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.