Bamco Inc. NY Sells 64,841 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Bamco Inc. NY decreased its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 48.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,504 shares of the company's stock after selling 64,841 shares during the quarter. Bamco Inc. NY's holdings in CrowdStrike were worth $23,439,000 at the end of the most recent reporting period.

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

Insider Transactions at CrowdStrike

In related news, CEO George Kurtz sold 22,449 shares of CrowdStrike stock in a transaction on Friday, March 21st. The shares were sold at an average price of $358.68, for a total value of $8,052,007.32. Following the sale, the chief executive officer now owns 2,178,452 shares in the company, valued at $781,367,163.36. The trade was a 1.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Sameer K. Gandhi sold 6,250 shares of the company's stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $434.61, for a total transaction of $2,716,312.50. Following the completion of the transaction, the director now owns 761,842 shares of the company's stock, valued at $331,104,151.62. This trade represents a 0.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 139,125 shares of company stock worth $53,208,049. Company insiders own 4.34% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Piper Sandler set a $347.00 target price on CrowdStrike in a research note on Wednesday, March 5th. The Goldman Sachs Group reiterated a "buy" rating on shares of CrowdStrike in a research note on Wednesday, March 5th. Mizuho raised 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. Raymond James downgraded CrowdStrike from an "outperform" rating to a "cautious" rating in a research note on Monday, March 10th. Finally, Evercore ISI boosted their target price on CrowdStrike from $400.00 to $450.00 and gave the company an "outperform" rating in a research note on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirty have given a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $400.76.

CrowdStrike Trading Up 2.0 %

Shares of CRWD opened at $440.58 on Monday. The firm has a fifty day simple moving average of $371.78 and a two-hundred day simple moving average of $366.34. CrowdStrike Holdings, Inc. has a twelve month low of $200.81 and a twelve month high of $455.59. The stock has a market capitalization of $109.21 billion, a P/E ratio of 863.90, a PEG ratio of 17.86 and a beta of 1.22. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24.

CrowdStrike Company 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.

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