DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Trims Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lowered its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 13.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 118,171 shares of the company's stock after selling 18,183 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main's holdings in CrowdStrike were worth $40,433,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. FSA Wealth Management LLC increased its stake in CrowdStrike by 11.2% in the fourth quarter. FSA Wealth Management LLC now owns 228 shares of the company's stock valued at $78,000 after purchasing an additional 23 shares during the last quarter. Jacobi Capital Management LLC grew its holdings in CrowdStrike by 1.9% in the 4th quarter. Jacobi Capital Management LLC now owns 1,309 shares of the company's stock valued at $448,000 after buying an additional 25 shares during the period. Dorsey & Whitney Trust CO LLC increased its stake in shares of CrowdStrike by 1.4% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 1,974 shares of the company's stock valued at $675,000 after acquiring an additional 27 shares during the last quarter. Wintrust Investments LLC increased its stake in shares of CrowdStrike by 4.2% during the 4th quarter. Wintrust Investments LLC now owns 719 shares of the company's stock valued at $246,000 after acquiring an additional 29 shares during the last quarter. Finally, Greenwich Wealth Management LLC boosted its position in shares of CrowdStrike by 4.0% in the fourth quarter. Greenwich Wealth Management LLC now owns 776 shares of the company's stock worth $265,000 after acquiring an additional 30 shares during the last quarter. 71.16% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at CrowdStrike

In related news, CEO George Kurtz sold 55,556 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $447.54, for a total value of $24,863,532.24. Following the sale, the chief executive officer now directly owns 2,192,610 shares in the company, valued at $981,280,679.40. This trade represents a 2.47 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Michael Sentonas sold 13,543 shares of the business's stock in a transaction on Friday, March 21st. The stock was sold at an average price of $358.62, for a total value of $4,856,790.66. Following the transaction, the president now owns 405,308 shares of the company's stock, valued at $145,351,554.96. This trade represents a 3.23 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 206,551 shares of company stock worth $83,604,814 in the last 90 days. 4.34% of the stock is currently owned by company insiders.

CrowdStrike Stock Performance

Shares of CRWD stock opened at $428.63 on Friday. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. The business has a 50 day moving average of $375.60 and a two-hundred day moving average of $369.00. The company has a market cap of $106.25 billion, a P/E ratio of 840.47, a PEG ratio of 17.86 and a beta of 1.22. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week high of $455.59.

Analysts Set New Price Targets

CRWD has been the topic of a number of recent analyst reports. Stephens began coverage on shares of CrowdStrike in a research note on Tuesday, April 1st. They set an "overweight" rating and a $450.00 price target on the stock. Westpark Capital reaffirmed a "hold" rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Susquehanna boosted their price target on CrowdStrike from $400.00 to $425.00 and gave the company a "positive" rating in a research report on Wednesday, March 5th. Robert W. Baird cut their price objective on CrowdStrike from $440.00 to $405.00 and set a "neutral" rating on the stock in a report on Wednesday, March 5th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $420.00 target price on shares of CrowdStrike in a report on Wednesday, March 5th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $403.20.

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.

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