Cambridge Investment Research Advisors Inc. Has $40.63 Million Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Cambridge Investment Research Advisors Inc. lessened its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 5.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 118,739 shares of the company's stock after selling 6,547 shares during the period. Cambridge Investment Research Advisors Inc.'s holdings in CrowdStrike were worth $40,628,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. CWA Asset Management Group LLC lifted its position in CrowdStrike by 8.5% during the 4th quarter. CWA Asset Management Group LLC now owns 2,437 shares of the company's stock worth $834,000 after acquiring an additional 190 shares during the last quarter. Bank of New Hampshire lifted its position in shares of CrowdStrike by 14.5% during the 4th quarter. Bank of New Hampshire now owns 4,111 shares of the company's stock worth $1,407,000 after purchasing an additional 520 shares during the last quarter. Regent Peak Wealth Advisors LLC bought a new stake in CrowdStrike during the 4th quarter valued at approximately $212,000. Fulton Bank N.A. grew its holdings in CrowdStrike by 3.2% in the 4th quarter. Fulton Bank N.A. now owns 2,211 shares of the company's stock valued at $757,000 after buying an additional 68 shares during the last quarter. Finally, Fortitude Family Office LLC increased its position in CrowdStrike by 112.8% in the 4th quarter. Fortitude Family Office LLC now owns 83 shares of the company's stock worth $28,000 after buying an additional 44 shares during the period. 71.16% of the stock is currently owned by institutional investors.

CrowdStrike Trading Down 4.2 %

NASDAQ:CRWD traded down $17.90 during trading hours on Friday, hitting $410.73. The stock had a trading volume of 4,689,624 shares, compared to its average volume of 5,102,060. The business's 50 day moving average is $376.01 and its 200-day moving average is $370.19. The company has a market cap of $101.81 billion, a price-to-earnings ratio of 805.37, 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.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on CRWD shares. Raymond James downgraded shares of CrowdStrike from an "outperform" rating to a "cautious" rating in a research note on Monday, March 10th. JMP Securities boosted their price objective on shares of CrowdStrike from $400.00 to $500.00 and gave the stock a "market outperform" rating in a report on Monday, May 5th. DA Davidson increased their target price on shares of CrowdStrike from $395.00 to $415.00 and gave the company a "buy" rating in a research note on Wednesday, March 5th. Needham & Company LLC restated a "buy" rating and set a $420.00 price target on shares of CrowdStrike in a research note on Wednesday, March 5th. Finally, Stifel Nicolaus reduced their price objective on CrowdStrike from $475.00 to $435.00 and set a "buy" rating for the company in a research report on Wednesday, March 5th. 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 assigned a strong buy rating to the stock. Based on data from MarketBeat.com, CrowdStrike presently has a consensus rating of "Moderate Buy" and a consensus price target of $403.20.

Insider Activity at CrowdStrike

In other news, CEO George Kurtz sold 55,556 shares of the company's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $447.54, for a total value of $24,863,532.24. Following the completion of the transaction, the chief executive officer now owns 2,192,610 shares in the company, valued at $981,280,679.40. This represents a 2.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Burt W. Podbere sold 16,000 shares of the firm's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $436.88, for a total transaction of $6,990,080.00. Following the sale, the chief financial officer now owns 249,653 shares in the company, valued at approximately $109,068,402.64. The trade was a 6.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 206,551 shares of company stock worth $83,604,814 in the last quarter. Corporate insiders own 4.34% of the company's stock.

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.