Frontier Capital Management Co. LLC Sells 5,305 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Frontier Capital Management Co. LLC trimmed its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 5.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 85,241 shares of the company's stock after selling 5,305 shares during the period. Frontier Capital Management Co. LLC's holdings in CrowdStrike were worth $29,166,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Fred Alger Management LLC grew its stake in shares of CrowdStrike by 23.2% during the 4th quarter. Fred Alger Management LLC now owns 95,672 shares of the company's stock valued at $32,735,000 after buying an additional 18,027 shares during the period. Family Management Corp grew its position in shares of CrowdStrike by 4.2% during the 4th quarter. Family Management Corp now owns 1,239 shares of the company's stock valued at $424,000 after buying an additional 50 shares during the last quarter. Circle Wealth Management LLC grew its position in CrowdStrike by 5.6% in the 4th quarter. Circle Wealth Management LLC now owns 13,909 shares of the company's stock worth $4,759,000 after purchasing an additional 738 shares during the last quarter. Deutsche Bank AG grew its position in CrowdStrike by 24.3% in the 4th quarter. Deutsche Bank AG now owns 892,603 shares of the company's stock worth $305,413,000 after purchasing an additional 174,699 shares during the last quarter. Finally, Diligent Investors LLC increased its stake in shares of CrowdStrike by 3.6% during the fourth quarter. Diligent Investors LLC now owns 1,450 shares of the company's stock valued at $496,000 after acquiring an additional 50 shares during the period. 71.16% of the stock is owned by hedge funds and other institutional investors.

CrowdStrike Stock Up 4.6%

CRWD traded up $18.87 during trading hours on Monday, hitting $429.44. 3,265,960 shares of the company's stock were exchanged, compared to its average volume of 5,094,750. CrowdStrike Holdings, Inc. has a 1-year low of $200.81 and a 1-year high of $455.59. The stock's 50-day moving average is $376.01 and its two-hundred day moving average is $370.65. The stock has a market cap of $106.45 billion, a price-to-earnings ratio of 842.06, a PEG ratio of 17.86 and a beta of 1.22. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24.

Wall Street Analysts Forecast Growth

CRWD has been the subject of a number of research reports. Susquehanna raised their target price on shares of CrowdStrike from $400.00 to $425.00 and gave the stock a "positive" rating in a report on Wednesday, March 5th. Baird R W downgraded shares of CrowdStrike from a "strong-buy" rating to a "hold" rating in a report on Monday, February 3rd. Royal Bank of Canada restated an "outperform" rating on shares of CrowdStrike in a report on Wednesday, March 5th. JPMorgan Chase & Co. lifted their target price on shares of CrowdStrike from $418.00 to $450.00 and gave the stock an "overweight" rating in a report on Friday, February 28th. Finally, KeyCorp dropped their price objective on shares of CrowdStrike from $480.00 to $450.00 and set an "overweight" rating on the stock in a report on Wednesday, March 5th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirty have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $403.20.

Insider Buying and Selling

In other CrowdStrike news, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction on Friday, April 4th. The shares were sold at an average price of $324.16, for a total value of $2,026,000.00. Following the completion of the sale, the director now owns 768,092 shares in the company, valued at $248,984,702.72. This trade represents a 0.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Shawn Henry sold 4,500 shares of the stock in a transaction on Monday, March 17th. The shares were sold at an average price of $353.00, for a total transaction of $1,588,500.00. Following the completion of the sale, the insider now owns 89,714 shares of the company's stock, valued at approximately $31,669,042. This represents a 4.78% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 189,431 shares of company stock worth $76,275,228. 4.34% of the stock is owned by insiders.

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.