Kingswood Wealth Advisors LLC Trims Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Kingswood Wealth Advisors LLC trimmed its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 8.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,213 shares of the company’s stock after selling 303 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in CrowdStrike were worth $1,099,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Jennison Associates LLC lifted its stake in CrowdStrike by 25.0% during the third quarter. Jennison Associates LLC now owns 5,068,800 shares of the company’s stock worth $1,421,646,000 after purchasing an additional 1,013,161 shares during the last quarter. International Assets Investment Management LLC lifted its stake in shares of CrowdStrike by 17,926.3% in the 3rd quarter. International Assets Investment Management LLC now owns 925,831 shares of the company’s stock valued at $259,668,000 after acquiring an additional 920,695 shares during the last quarter. Daiwa Securities Group Inc. lifted its stake in shares of CrowdStrike by 1,655.9% in the 3rd quarter. Daiwa Securities Group Inc. now owns 755,951 shares of the company’s stock valued at $212,021,000 after acquiring an additional 712,900 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of CrowdStrike by 248.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 521,198 shares of the company’s stock valued at $146,180,000 after acquiring an additional 371,695 shares during the last quarter. Finally, State Street Corp lifted its stake in shares of CrowdStrike by 2.9% in the 3rd quarter. State Street Corp now owns 9,630,776 shares of the company’s stock valued at $2,701,144,000 after acquiring an additional 275,717 shares during the last quarter. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

CrowdStrike Stock Performance

CRWD stock opened at $408.68 on Wednesday. The company has a market cap of $100.66 billion, a P/E ratio of 801.35, a price-to-earnings-growth ratio of 20.07 and a beta of 1.14. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. The stock’s fifty day moving average price is $359.26 and its 200-day moving average price is $311.39. CrowdStrike Holdings, Inc. has a 1 year low of $200.81 and a 1 year high of $411.30.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CRWD. CICC Research initiated coverage on CrowdStrike in a research note on Monday, November 18th. They issued a “market perform” rating and a $295.00 target price for the company. Royal Bank of Canada upped their price target on CrowdStrike from $365.00 to $420.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Wells Fargo & Company upped their target price on CrowdStrike from $350.00 to $400.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. HSBC lowered CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 target price for the company. in a research report on Wednesday, November 27th. Finally, Barclays increased their target price on CrowdStrike from $295.00 to $372.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. One analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $369.00.

Insider Activity at CrowdStrike

In related news, insider Shawn Henry sold 4,500 shares of CrowdStrike stock in a transaction on Monday, December 16th. The stock was sold at an average price of $368.14, for a total transaction of $1,656,630.00. Following the transaction, the insider now directly owns 115,798 shares in the company, valued at approximately $42,629,875.72. The trade was a 3.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Anurag Saha sold 1,863 shares of the firm’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $358.46, for a total value of $667,810.98. Following the sale, the chief accounting officer now directly owns 41,059 shares in the company, 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. Over the last three months, insiders have sold 110,351 shares of company stock worth $38,935,113. Corporate insiders own 4.34% of the company’s stock.

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.