Bison Wealth LLC Cuts Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Bison Wealth LLC trimmed its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 44.7% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 1,568 shares of the company's stock after selling 1,268 shares during the quarter. Bison Wealth LLC's holdings in CrowdStrike were worth $536,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Norges Bank bought a new position in CrowdStrike in the fourth quarter worth approximately $1,111,542,000. Raymond James Financial Inc. bought a new position in CrowdStrike in the 4th quarter worth $237,375,000. Voya Investment Management LLC lifted its position in CrowdStrike by 43.5% during the fourth quarter. Voya Investment Management LLC now owns 1,920,901 shares of the company's stock valued at $657,106,000 after purchasing an additional 582,471 shares in the last quarter. Amundi grew its holdings in CrowdStrike by 41.9% during the fourth quarter. Amundi now owns 1,382,952 shares of the company's stock valued at $496,093,000 after purchasing an additional 408,190 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its position in CrowdStrike by 2,586.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 418,094 shares of the company's stock worth $143,055,000 after buying an additional 402,531 shares in the last quarter. Hedge funds and other institutional investors own 71.16% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. DA Davidson boosted their price objective on CrowdStrike from $395.00 to $415.00 and gave the company a "buy" rating in a research note on Wednesday, March 5th. BTIG Research raised shares of CrowdStrike from a "neutral" rating to a "buy" rating and set a $431.00 price objective for the company in a research note on Tuesday, March 25th. The Goldman Sachs Group restated a "buy" rating on shares of CrowdStrike in a research note on Wednesday, March 5th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $440.00 price target on shares of CrowdStrike in a research note on Wednesday, March 5th. Finally, Westpark Capital restated a "hold" rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, thirty have issued a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat, CrowdStrike presently has a consensus rating of "Moderate Buy" and an average target price of $400.76.

Insiders Place Their Bets

In other news, insider Shawn Henry sold 4,000 shares of the company's stock in a transaction dated 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 transaction, the insider now owns 94,214 shares in the company, valued at $42,459,423.38. This represents a 4.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Sameer K. Gandhi sold 6,250 shares of the business's stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $434.61, for a total transaction of $2,716,312.50. Following the sale, the director now directly owns 761,842 shares in the company, 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 three months, insiders have sold 139,125 shares of company stock valued at $53,208,049. 4.34% of the stock is currently owned by insiders.

CrowdStrike Stock Up 2.0 %

Shares of CrowdStrike stock traded up $8.70 on Friday, reaching $440.58. The stock had a trading volume of 2,705,875 shares, compared to its average volume of 5,067,070. 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 stock has a market capitalization of $109.21 billion, a P/E ratio of 863.90, a P/E/G ratio of 17.86 and a beta of 1.22. The company has a 50 day moving average price of $371.78 and a 200 day moving average price of $365.95. CrowdStrike Holdings, Inc. has a 1 year low of $200.81 and a 1 year high of $455.59.

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.