Comerica Bank Sells 6,164 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Comerica Bank decreased its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 9.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 57,133 shares of the company's stock after selling 6,164 shares during the quarter. Comerica Bank's holdings in CrowdStrike were worth $19,548,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Pine Valley Investments Ltd Liability Co grew its position in shares of CrowdStrike by 6.5% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 3,865 shares of the company's stock valued at $1,084,000 after purchasing an additional 236 shares during the last quarter. World Investment Advisors LLC grew its holdings in CrowdStrike by 24.7% in the 3rd quarter. World Investment Advisors LLC now owns 2,514 shares of the company's stock valued at $705,000 after buying an additional 498 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in CrowdStrike in the 3rd quarter worth approximately $1,319,000. Tidal Investments LLC lifted its holdings in shares of CrowdStrike by 7.5% during the third quarter. Tidal Investments LLC now owns 24,813 shares of the company's stock worth $6,959,000 after buying an additional 1,740 shares during the last quarter. Finally, Peapack Gladstone Financial Corp acquired a new stake in shares of CrowdStrike in the third quarter worth $497,000. Institutional investors and hedge funds own 71.16% of the company's stock.

Insiders Place Their Bets

In other news, insider Shawn Henry sold 4,500 shares of CrowdStrike stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $353.00, for a total value of $1,588,500.00. Following the sale, the insider now directly owns 89,714 shares in the company, valued at $31,669,042. This trade represents a 4.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Sameer K. Gandhi sold 6,250 shares of the firm's stock in a transaction 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 completion of the transaction, the director now directly owns 805,592 shares of the company's stock, valued at approximately $332,218,084.88. This trade represents a 0.77 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 139,125 shares of company stock worth $53,208,049. Company insiders own 4.34% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Mizuho increased their price target on shares of CrowdStrike from $385.00 to $450.00 and gave the company an "outperform" rating in a report on Wednesday, February 12th. Truist Financial decreased their target price on CrowdStrike from $460.00 to $450.00 and set a "buy" rating on the stock in a research report on Monday, March 31st. Stifel Nicolaus cut their price target on CrowdStrike from $475.00 to $435.00 and set a "buy" rating for the company in a report on Wednesday, March 5th. Barclays decreased their price objective on CrowdStrike from $506.00 to $475.00 and set an "overweight" rating on the stock in a report on Wednesday, March 5th. Finally, Morgan Stanley cut their target price on CrowdStrike from $429.00 to $415.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, CrowdStrike currently has an average rating of "Moderate Buy" and an average price target of $400.76.

CrowdStrike Trading Up 2.0 %

NASDAQ:CRWD traded up $8.70 during trading hours on Friday, hitting $440.58. The stock had a trading volume of 2,705,875 shares, compared to its average volume of 5,067,070. The business's 50 day moving average is $371.78 and its 200-day moving average is $365.95. 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. CrowdStrike Holdings, Inc. has a one year low of $200.81 and a one year high of $455.59. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86.

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.