CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Position Cut by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. reduced its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 5.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 118,739 shares of the company's stock after selling 6,547 shares during the quarter. Cambridge Investment Research Advisors Inc.'s holdings in CrowdStrike were worth $40,628,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in CrowdStrike in the fourth quarter worth approximately $1,111,542,000. Raymond James Financial Inc. bought a new stake in shares of CrowdStrike in the 4th quarter worth $237,375,000. Voya Investment Management LLC lifted its holdings in shares of CrowdStrike by 43.5% in the fourth quarter. Voya Investment Management LLC now owns 1,920,901 shares of the company's stock valued at $657,106,000 after buying an additional 582,471 shares during the period. Amundi boosted its stake 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 buying an additional 408,190 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in CrowdStrike by 2,586.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 418,094 shares of the company's stock worth $143,055,000 after acquiring an additional 402,531 shares during the period. Institutional investors own 71.16% of the company's stock.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the firm's stock in a transaction that occurred 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 sale, the insider now owns 94,214 shares of the company's stock, valued at $42,459,423.38. This trade represents a 4.07 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Burt W. Podbere sold 16,000 shares of the company's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $436.88, for a total value of $6,990,080.00. Following the transaction, the chief financial officer now owns 249,653 shares of the company's stock, valued at approximately $109,068,402.64. This trade represents a 6.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 214,431 shares of company stock worth $86,974,223 over the last ninety days. Company insiders own 4.34% of the company's stock.

CrowdStrike Price Performance

NASDAQ CRWD opened at $443.21 on Wednesday. The company has a market cap of $109.86 billion, a P/E ratio of 869.06, a P/E/G ratio of 17.86 and a beta of 1.22. CrowdStrike Holdings, Inc. has a 1 year low of $200.81 and a 1 year high of $455.59. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. The company has a fifty day simple moving average of $374.02 and a 200 day simple moving average of $367.80.

Analysts Set New Price Targets

CRWD has been the subject of several research reports. Rosenblatt Securities restated a "buy" rating and set a $450.00 price objective on shares of CrowdStrike in a research report on Wednesday, March 5th. Barclays reduced their target price on shares of CrowdStrike from $506.00 to $475.00 and set an "overweight" rating for the company in a report on Wednesday, March 5th. Wedbush upped their price target on CrowdStrike from $390.00 to $395.00 and gave the company an "outperform" rating in a report on Wednesday, March 5th. Bank of America raised their price objective on CrowdStrike from $400.00 to $420.00 and gave the stock a "buy" rating in a research note on Wednesday, February 26th. Finally, Canaccord Genuity Group lifted their target price on CrowdStrike from $370.00 to $420.00 and gave the stock a "buy" rating in a report on Monday, March 3rd. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, thirty have given a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, CrowdStrike has an average rating of "Moderate Buy" and an average target price of $403.20.

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.

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