Ancora Advisors LLC Sells 1,388 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Ancora Advisors LLC cut its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 30.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,114 shares of the company's stock after selling 1,388 shares during the quarter. Ancora Advisors LLC's holdings in CrowdStrike were worth $1,065,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its position in shares of CrowdStrike by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 21,926,011 shares of the company's stock worth $7,502,204,000 after buying an additional 342,294 shares during the period. Jennison Associates LLC raised its stake in CrowdStrike by 6.9% during the fourth quarter. Jennison Associates LLC now owns 5,420,980 shares of the company's stock valued at $1,854,843,000 after buying an additional 352,180 shares in the last quarter. Geode Capital Management LLC boosted its holdings in CrowdStrike by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 5,018,441 shares of the company's stock worth $1,712,063,000 after purchasing an additional 124,984 shares during the period. Norges Bank bought a new position in CrowdStrike in the fourth quarter worth about $1,111,542,000. Finally, Northern Trust Corp increased its position in CrowdStrike by 16.6% in the fourth quarter. Northern Trust Corp now owns 2,271,722 shares of the company's stock worth $777,292,000 after buying an additional 324,136 shares during the period. Institutional investors and hedge funds own 71.16% of the company's stock.

Wall Street Analysts Forecast Growth

CRWD has been the subject of a number of research analyst reports. Mizuho upped their price target on shares of CrowdStrike from $385.00 to $450.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 12th. Stifel Nicolaus dropped their target price on CrowdStrike from $475.00 to $435.00 and set a "buy" rating on the stock in a research report on Wednesday, March 5th. BMO Capital Markets raised their target price on CrowdStrike from $380.00 to $405.00 and gave the company an "outperform" rating in a report on Wednesday, March 5th. JPMorgan Chase & Co. lifted their price objective on CrowdStrike from $418.00 to $450.00 and gave the stock an "overweight" rating in a research note on Friday, February 28th. Finally, DA Davidson upped their price target on CrowdStrike from $395.00 to $415.00 and gave the company a "buy" rating in a report on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirty have given a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $403.20.

Insider Buying and Selling

In related news, CAO Anurag Saha sold 1,496 shares of the stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $358.62, for a total value of $536,495.52. Following the transaction, the chief accounting officer now directly owns 36,165 shares in the company, valued at $12,969,492.30. This represents a 3.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO George Kurtz sold 55,556 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $447.54, for a total transaction of $24,863,532.24. Following the sale, the chief executive officer now owns 2,192,610 shares in the company, valued at $981,280,679.40. This trade represents a 2.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 214,431 shares of company stock worth $86,974,223. Corporate insiders own 4.34% of the company's stock.

CrowdStrike Stock Down 4.7 %

Shares of CRWD traded down $20.69 during mid-day trading on Wednesday, reaching $422.52. The company's stock had a trading volume of 6,672,772 shares, compared to its average volume of 5,068,466. The company has a market cap of $104.73 billion, a price-to-earnings ratio of 828.49, a price-to-earnings-growth ratio of 17.86 and a beta of 1.22. CrowdStrike Holdings, Inc. has a 1 year low of $200.81 and a 1 year high of $455.59. 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 has a fifty day moving average of $374.02 and a 200 day moving average of $367.80.

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.