Two Sigma Investments LP Cuts Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Two Sigma Investments LP lowered its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 94.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,700 shares of the company's stock after selling 213,557 shares during the quarter. Two Sigma Investments LP's holdings in CrowdStrike were worth $4,345,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of CrowdStrike by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 21,926,011 shares of the company's stock valued at $7,502,204,000 after purchasing an additional 342,294 shares in the last quarter. Jennison Associates LLC boosted its position in shares of CrowdStrike by 6.9% during the fourth quarter. Jennison Associates LLC now owns 5,420,980 shares of the company's stock valued at $1,854,843,000 after buying an additional 352,180 shares during the period. Geode Capital Management LLC grew its stake in shares of CrowdStrike by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 5,018,441 shares of the company's stock valued at $1,712,063,000 after buying an additional 124,984 shares during the last quarter. Norges Bank purchased a new stake in shares of CrowdStrike in the fourth quarter worth approximately $1,111,542,000. Finally, Northern Trust Corp lifted its stake in shares of CrowdStrike by 16.6% during the 4th quarter. Northern Trust Corp now owns 2,271,722 shares of the company's stock worth $777,292,000 after acquiring an additional 324,136 shares during the last quarter. 71.16% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CRWD has been the topic of several research analyst reports. Stephens began coverage on CrowdStrike in a research report on Tuesday, April 1st. They issued an "overweight" rating and a $450.00 price objective on the stock. Morgan Stanley raised their price target on shares of CrowdStrike from $415.00 to $455.00 and gave the stock an "overweight" rating in a research note on Thursday, May 15th. KeyCorp decreased their price objective on shares of CrowdStrike from $480.00 to $450.00 and set an "overweight" rating for the company in a report on Wednesday, March 5th. Susquehanna boosted their price objective on shares of CrowdStrike from $400.00 to $425.00 and gave the company a "positive" rating in a research report on Wednesday, March 5th. Finally, Wells Fargo & Company lifted their price target on shares of CrowdStrike from $400.00 to $430.00 and gave the company an "overweight" rating in a research note on Wednesday, March 5th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, CrowdStrike has an average rating of "Moderate Buy" and an average price target of $408.12.

Insider Buying and Selling at CrowdStrike

In other news, CEO George Kurtz sold 55,556 shares of the stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $447.54, for a total transaction of $24,863,532.24. Following 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, President Michael Sentonas sold 13,543 shares of the firm's stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $358.62, for a total value of $4,856,790.66. Following the sale, the president now owns 405,308 shares in the company, valued at $145,351,554.96. This trade represents a 3.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 195,431 shares of company stock worth $79,162,548. Insiders own 3.32% of the company's stock.

CrowdStrike Stock Performance

NASDAQ CRWD traded up $7.01 on Friday, hitting $465.82. 4,481,144 shares of the company's stock traded hands, compared to its average volume of 5,120,463. The firm's 50-day moving average price is $404.18 and its two-hundred day moving average price is $384.17. The firm has a market capitalization of $115.46 billion, a PE ratio of 913.39, a P/E/G ratio of 17.86 and a beta of 1.22. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. CrowdStrike Holdings, Inc. has a 1-year low of $200.81 and a 1-year high of $474.23.

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.