Beck Bode LLC Sells 975 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Beck Bode LLC trimmed its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 2.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,421 shares of the company's stock after selling 975 shares during the quarter. CrowdStrike comprises about 2.8% of Beck Bode LLC's portfolio, making the stock its 16th biggest position. Beck Bode LLC's holdings in CrowdStrike were worth $15,199,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of CRWD. Vanguard Group Inc. lifted its holdings in shares of CrowdStrike by 1.6% in the fourth 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 in the last quarter. Jennison Associates LLC lifted its stake in CrowdStrike by 6.9% in the fourth quarter. Jennison Associates LLC now owns 5,420,980 shares of the company's stock worth $1,854,843,000 after purchasing an additional 352,180 shares during the last quarter. Geode Capital Management LLC lifted its position in CrowdStrike by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 5,018,441 shares of the company's stock valued at $1,712,063,000 after purchasing an additional 124,984 shares during the last quarter. Norges Bank bought a new stake in CrowdStrike during the 4th quarter valued at $1,111,542,000. Finally, Northern Trust Corp grew its holdings in CrowdStrike by 16.6% in the 4th quarter. Northern Trust Corp now owns 2,271,722 shares of the company's stock worth $777,292,000 after acquiring an additional 324,136 shares during the last quarter. 71.16% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Stifel Nicolaus decreased their price target on shares of CrowdStrike from $475.00 to $435.00 and set a "buy" rating for the company in a research note on Wednesday, March 5th. Raymond James lowered shares of CrowdStrike from an "outperform" rating to a "cautious" rating in a research note on Monday, March 10th. Truist Financial cut their price target on CrowdStrike from $460.00 to $450.00 and set a "buy" rating for the company in a research note on Monday, March 31st. Piper Sandler set a $347.00 price target on CrowdStrike in a report on Wednesday, March 5th. Finally, Baird R W downgraded shares of CrowdStrike from a "strong-buy" rating to a "hold" rating in a report on Monday, February 3rd. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $403.20.

Insider Activity at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the company'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 value of $1,802,680.00. Following the completion of the transaction, the insider now directly owns 94,214 shares in the company, valued at approximately $42,459,423.38. This represents a 4.07 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $412.39, for a total transaction of $2,577,437.50. Following the sale, the director now directly owns 805,592 shares of the company's stock, valued at $332,218,084.88. This represents a 0.77 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 139,125 shares of company stock worth $53,208,049. Insiders own 4.34% of the company's stock.

CrowdStrike Stock Down 0.1 %

Shares of NASDAQ:CRWD traded down $0.26 during midday trading on Tuesday, reaching $443.21. The company had a trading volume of 3,420,768 shares, compared to its average volume of 5,062,033. CrowdStrike Holdings, Inc. has a 1-year low of $200.81 and a 1-year high of $455.59. The stock has a market cap of $109.86 billion, a PE ratio of 869.06, a P/E/G 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. The business's 50 day moving average price is $372.76 and its 200 day moving average price is $367.27.

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.