AQR Capital Management LLC Sells 268,180 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

AQR Capital Management LLC lessened its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 68.1% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 125,449 shares of the company's stock after selling 268,180 shares during the period. AQR Capital Management LLC owned 0.05% of CrowdStrike worth $42,924,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CRWD. Berbice Capital Management LLC purchased a new stake in shares of CrowdStrike in the fourth quarter valued at $27,000. Fortitude Family Office LLC grew its stake in shares of CrowdStrike by 112.8% during the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company's stock worth $28,000 after acquiring an additional 44 shares during the last quarter. FPC Investment Advisory Inc. increased its position in shares of CrowdStrike by 811.1% in the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company's stock valued at $28,000 after acquiring an additional 73 shares during the period. Luken Investment Analytics LLC purchased a new position in CrowdStrike during the 4th quarter worth approximately $34,000. Finally, Crowley Wealth Management Inc. purchased a new stake in shares of CrowdStrike in the fourth quarter worth about $34,000. 71.16% of the stock is owned by hedge funds and other institutional investors.

CrowdStrike Price Performance

NASDAQ CRWD traded up $8.70 on Friday, reaching $440.58. 2,705,875 shares of the stock traded hands, compared to its average volume of 5,067,070. CrowdStrike Holdings, Inc. has a 12 month low of $200.81 and a 12 month high of $455.59. The company has a market cap of $109.21 billion, a price-to-earnings ratio of 863.90, a P/E/G ratio of 17.86 and a beta of 1.22. The firm's fifty day simple moving average is $371.78 and its 200 day simple moving average is $366.34. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24.

Analyst Ratings Changes

A number of research firms have weighed in on CRWD. Wells Fargo & Company raised their target price on shares of CrowdStrike from $400.00 to $430.00 and gave the stock an "overweight" rating in a research note on Wednesday, March 5th. Truist Financial dropped their target price on CrowdStrike from $460.00 to $450.00 and set a "buy" rating on the stock in a report on Monday, March 31st. Citigroup reissued a "buy" rating on shares of CrowdStrike in a research report on Wednesday, February 5th. Evercore ISI increased their price target on CrowdStrike from $400.00 to $450.00 and gave the stock an "outperform" rating in a report on Wednesday, March 5th. Finally, Baird R W cut shares of CrowdStrike from a "strong-buy" rating to a "hold" rating in a research note on Monday, February 3rd. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirty have assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $400.76.

Insider Activity

In related news, Director Sameer K. Gandhi sold 6,250 shares of the business's stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $434.61, for a total value of $2,716,312.50. Following the sale, the director now owns 761,842 shares of the company's stock, valued at $331,104,151.62. The trade was a 0.81 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $450.67, for a total transaction of $1,802,680.00. Following the completion of the sale, the insider now directly owns 94,214 shares of the company's stock, valued at approximately $42,459,423.38. This represents a 4.07 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 139,125 shares of company stock worth $53,208,049 in the last ninety days. Corporate insiders own 4.34% of the company's stock.

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.