Canada Pension Plan Investment Board Cuts Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Canada Pension Plan Investment Board lessened its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 94.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,059 shares of the company's stock after selling 92,075 shares during the quarter. Canada Pension Plan Investment Board's holdings in CrowdStrike were worth $1,731,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Jacobi Capital Management LLC lifted its holdings in shares of CrowdStrike by 1.9% during the fourth quarter. Jacobi Capital Management LLC now owns 1,309 shares of the company's stock worth $448,000 after buying an additional 25 shares in the last quarter. Dorsey & Whitney Trust CO LLC increased its position in CrowdStrike by 1.4% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 1,974 shares of the company's stock worth $675,000 after acquiring an additional 27 shares during the period. Wintrust Investments LLC increased its position in CrowdStrike by 4.2% during the fourth quarter. Wintrust Investments LLC now owns 719 shares of the company's stock worth $246,000 after acquiring an additional 29 shares during the period. Greenwich Wealth Management LLC boosted its holdings in CrowdStrike by 4.0% in the 4th quarter. Greenwich Wealth Management LLC now owns 776 shares of the company's stock valued at $265,000 after purchasing an additional 30 shares during the period. Finally, Altman Advisors Inc. grew its position in shares of CrowdStrike by 0.5% during the 4th quarter. Altman Advisors Inc. now owns 6,623 shares of the company's stock worth $2,266,000 after purchasing an additional 31 shares in the last quarter. Institutional investors and hedge funds own 71.16% of the company's stock.

CrowdStrike Trading Down 1.6 %

Shares of NASDAQ:CRWD traded down $6.90 during mid-day trading on Monday, hitting $417.98. The company had a trading volume of 916,180 shares, compared to its average volume of 5,050,266. The company has a market capitalization of $103.61 billion, a PE ratio of 819.58, a price-to-earnings-growth ratio of 17.86 and a beta of 1.28. CrowdStrike Holdings, Inc. has a one year low of $200.81 and a one year high of $455.59. The firm has a fifty day moving average price of $369.96 and a 200 day moving average price of $362.11. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CRWD. Wells Fargo & Company lifted their price target on shares of CrowdStrike from $400.00 to $430.00 and gave the company an "overweight" rating in a research report on Wednesday, March 5th. Evercore ISI upped their target price on CrowdStrike from $400.00 to $450.00 and gave the company an "outperform" rating in a research report on Wednesday, March 5th. UBS Group decreased their price target on CrowdStrike from $450.00 to $425.00 and set a "buy" rating on the stock in a research report on Wednesday, March 5th. Robert W. Baird cut their price objective on shares of CrowdStrike from $440.00 to $405.00 and set a "neutral" rating for the company in a research report on Wednesday, March 5th. Finally, Canaccord Genuity Group raised their target price on shares of CrowdStrike from $370.00 to $420.00 and gave the company a "buy" rating in a report on Monday, March 3rd. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat.com, CrowdStrike has an average rating of "Moderate Buy" and a consensus price target of $400.76.

Insider Buying and Selling at CrowdStrike

In related news, insider Shawn Henry sold 4,000 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $450.67, for a total value of $1,802,680.00. Following the transaction, the insider now directly owns 94,214 shares in the company, valued at $42,459,423.38. This trade represents a 4.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Anurag Saha sold 1,496 shares of the company's stock in a transaction on Friday, March 21st. The stock was sold at an average price of $358.62, for a total transaction of $536,495.52. Following the transaction, the chief accounting officer now owns 36,165 shares in the company, valued at approximately $12,969,492.30. The trade was a 3.97 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 122,375 shares of company stock valued at $46,197,236. Corporate insiders own 4.34% of the company's stock.

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.