Whale Rock Capital Management LLC Sells 4,614 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Whale Rock Capital Management LLC lowered its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 1.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 242,400 shares of the company's stock after selling 4,614 shares during the period. Whale Rock Capital Management LLC owned about 0.10% of CrowdStrike worth $82,940,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in CRWD. Berbice Capital Management LLC bought a new position in CrowdStrike in the 4th quarter valued at $27,000. FPC Investment Advisory Inc. grew its position in CrowdStrike by 811.1% during the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company's stock valued at $28,000 after buying an additional 73 shares during the period. Luken Investment Analytics LLC purchased a new stake in CrowdStrike during the fourth quarter worth about $34,000. Crowley Wealth Management Inc. purchased a new stake in CrowdStrike during the fourth quarter worth about $34,000. Finally, Millstone Evans Group LLC bought a new stake in CrowdStrike in the fourth quarter worth about $34,000. 71.16% of the stock is owned by institutional investors.

CrowdStrike Price Performance

Shares of NASDAQ CRWD traded up $9.33 during trading hours on Thursday, reaching $444.07. 2,588,026 shares of the stock traded hands, compared to its average volume of 5,098,078. The company's 50-day simple moving average is $391.60 and its two-hundred day simple moving average is $377.11. The company has a market capitalization of $110.07 billion, a P/E ratio of 870.74, a price-to-earnings-growth 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. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24.

Insider Transactions at CrowdStrike

In related news, CAO Anurag Saha sold 1,496 shares of CrowdStrike stock in a transaction on Friday, March 21st. The shares were sold at an average price of $358.62, for a total value of $536,495.52. Following the transaction, the chief accounting officer now owns 36,165 shares in the company, valued at $12,969,492.30. This trade represents a 3.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO George Kurtz sold 55,556 shares of the business's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $447.54, for a total transaction of $24,863,532.24. Following the completion of the sale, the chief executive officer now directly owns 2,192,610 shares of the company's stock, valued at $981,280,679.40. This represents a 2.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 185,431 shares of company stock worth $74,472,548. 3.32% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Truist Financial decreased their price target on shares of CrowdStrike from $460.00 to $450.00 and set a "buy" rating for the company in a research note on Monday, March 31st. DA Davidson raised their target price on CrowdStrike from $395.00 to $415.00 and gave the stock a "buy" rating in a research report on Wednesday, March 5th. UBS Group dropped their price target on CrowdStrike from $450.00 to $425.00 and set a "buy" rating on the stock in a research report on Wednesday, March 5th. Susquehanna lifted their price objective on CrowdStrike from $400.00 to $425.00 and gave the stock a "positive" rating in a report on Wednesday, March 5th. Finally, Citigroup restated an "outperform" rating on shares of CrowdStrike in a research note on Monday, May 5th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, CrowdStrike has an average rating of "Moderate Buy" and an average target price of $403.83.

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.