Daymark Wealth Partners LLC Reduces Stock Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Daymark Wealth Partners LLC cut its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 15.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,266 shares of the company’s stock after selling 1,303 shares during the period. Daymark Wealth Partners LLC’s holdings in CrowdStrike were worth $2,486,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in CRWD. Empirical Asset Management LLC acquired a new stake in shares of CrowdStrike during the fourth quarter valued at $11,310,000. Beacon Financial Advisory LLC purchased a new position in CrowdStrike in the 3rd quarter valued at about $955,000. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of CrowdStrike by 10.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 846,189 shares of the company’s stock worth $237,331,000 after purchasing an additional 78,305 shares during the last quarter. Doliver Advisors LP grew its holdings in shares of CrowdStrike by 223.2% during the third quarter. Doliver Advisors LP now owns 6,754 shares of the company’s stock worth $1,894,000 after buying an additional 4,664 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale raised its position in shares of CrowdStrike by 0.7% in the third quarter. DekaBank Deutsche Girozentrale now owns 439,865 shares of the company’s stock valued at $124,644,000 after buying an additional 2,863 shares during the last quarter. 71.16% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Morgan Stanley lifted their target price on shares of CrowdStrike from $325.00 to $355.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Royal Bank of Canada upped their target price on CrowdStrike from $365.00 to $420.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Wells Fargo & Company raised their price target on CrowdStrike from $350.00 to $400.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. Robert W. Baird upped their price objective on shares of CrowdStrike from $375.00 to $390.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Finally, Wedbush set a $330.00 target price on shares of CrowdStrike in a research report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, CrowdStrike has an average rating of “Moderate Buy” and an average target price of $369.00.

Insider Transactions at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 1,863 shares of CrowdStrike stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $358.46, for a total value of $667,810.98. Following the completion of the transaction, the chief accounting officer now owns 41,059 shares of the company’s stock, valued at $14,718,009.14. The trade was a 4.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Shawn Henry sold 4,000 shares of the stock in a transaction on Wednesday, January 15th. The stock was 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 in the company, valued at $34,857,130.74. This trade represents a 3.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 110,351 shares of company stock valued at $38,935,113. Insiders own 4.34% of the company’s stock.

CrowdStrike Stock Up 3.2 %

Shares of NASDAQ:CRWD opened at $377.98 on Thursday. The firm 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. The company has a fifty day simple moving average of $356.61 and a 200 day simple moving average of $311.51. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. CrowdStrike Holdings, Inc. has a 12-month low of $200.81 and a 12-month high of $398.33.

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.