Royal Fund Management LLC Sells 37,831 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Royal Fund Management LLC trimmed its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 74.1% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 13,235 shares of the company’s stock after selling 37,831 shares during the quarter. Royal Fund Management LLC’s holdings in CrowdStrike were worth $4,528,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Massachusetts Financial Services Co. MA grew its holdings in shares of CrowdStrike by 18.0% in the second quarter. Massachusetts Financial Services Co. MA now owns 4,532 shares of the company’s stock worth $1,737,000 after acquiring an additional 691 shares during the period. Dimensional Fund Advisors LP grew its position in CrowdStrike by 54.6% during the second quarter. Dimensional Fund Advisors LP now owns 286,183 shares of the company’s stock valued at $109,670,000 after buying an additional 101,079 shares during the period. Bridges Investment Management Inc. bought a new position in CrowdStrike in the 2nd quarter worth $285,000. AE Wealth Management LLC grew its stake in shares of CrowdStrike by 88.5% during the 2nd quarter. AE Wealth Management LLC now owns 6,951 shares of the company’s stock valued at $2,664,000 after acquiring an additional 3,263 shares during the period. Finally, Pacer Advisors Inc. raised its stake in CrowdStrike by 32.0% during the 2nd quarter. Pacer Advisors Inc. now owns 37,916 shares of the company’s stock worth $14,529,000 after acquiring an additional 9,198 shares during the period. Institutional investors own 71.16% of the company’s stock.

CrowdStrike Stock Down 1.8 %

Shares of NASDAQ:CRWD opened at $357.00 on Tuesday. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. The business’s 50 day moving average is $355.86 and its 200 day moving average is $311.89. The stock has a market cap of $87.93 billion, a P/E ratio of 700.01, 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.

Wall Street Analysts Forecast Growth

CRWD has been the topic of several research analyst reports. CICC Research started coverage on CrowdStrike in a research report on Monday, November 18th. They issued a “market perform” rating and a $295.00 price objective on the stock. Jefferies Financial Group increased their price objective on shares of CrowdStrike from $415.00 to $450.00 and gave the company a “buy” rating in a report on Thursday, December 19th. JPMorgan Chase & Co. boosted their target price on shares of CrowdStrike from $372.00 to $418.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. Piper Sandler raised their target price on shares of CrowdStrike from $290.00 to $375.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. Finally, Canaccord Genuity Group reiterated a “buy” rating and issued a $330.00 price target on shares of CrowdStrike in a report on Monday, September 30th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, CrowdStrike presently has a consensus rating of “Moderate Buy” and an average target price of $366.38.

Insider Transactions at CrowdStrike

In other CrowdStrike news, Director Sameer K. Gandhi sold 5,036 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $320.48, for a total transaction of $1,613,937.28. Following the completion of the sale, the director now directly owns 816,730 shares of the company’s stock, valued at approximately $261,745,630.40. This represents a 0.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $354.91, for a total transaction of $1,419,640.00. Following the sale, the insider now directly owns 98,214 shares of the company’s stock, valued at $34,857,130.74. The trade was a 3.91 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 110,351 shares of company stock valued at $38,935,113. 4.34% of the stock is currently owned by corporate 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.