LM Advisors LLC Sells 700 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

LM Advisors LLC reduced its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 32.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,425 shares of the company's stock after selling 700 shares during the period. LM Advisors LLC's holdings in CrowdStrike were worth $488,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of CRWD. Heck Capital Advisors LLC bought a new position in CrowdStrike during the fourth quarter worth about $628,000. B. Riley Wealth Advisors Inc. boosted its holdings in CrowdStrike by 118.4% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 23,092 shares of the company's stock worth $7,901,000 after buying an additional 12,521 shares during the period. Liberty Square Wealth Partners LLC bought a new position in CrowdStrike in the 4th quarter worth approximately $163,000. Great Valley Advisor Group Inc. boosted its holdings in CrowdStrike by 17.5% in the 4th quarter. Great Valley Advisor Group Inc. now owns 8,331 shares of the company's stock worth $2,851,000 after buying an additional 1,240 shares during the period. Finally, Ameriflex Group Inc. bought a new position in shares of CrowdStrike in the fourth quarter worth $192,000. 71.16% of the stock is owned by institutional investors.

Insider Buying and Selling

In related 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 value of $24,863,532.24. Following the completion of the transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gerhard Watzinger sold 10,000 shares of the stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $469.00, for a total transaction of $4,690,000.00. Following the completion of the transaction, the director now owns 39,500 shares of the company's stock, valued at approximately $18,525,500. The trade was a 20.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 195,431 shares of company stock valued at $79,162,548 over the last three months. Corporate insiders own 3.32% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Westpark Capital reaffirmed a "hold" rating on shares of CrowdStrike in a report on Wednesday, March 5th. Wedbush raised their target price on CrowdStrike from $390.00 to $395.00 and gave the stock an "outperform" rating in a research note on Wednesday, March 5th. Evercore ISI raised their price objective on shares of CrowdStrike from $400.00 to $450.00 and gave the company an "outperform" rating in a research report on Wednesday, March 5th. Baird R W lowered shares of CrowdStrike from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 3rd. Finally, DZ Bank downgraded shares of CrowdStrike from a "strong-buy" rating to a "strong sell" rating and set a $370.00 price target for the company. in a report on Thursday, May 22nd. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have given a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $404.43.

CrowdStrike Trading Down 1.5%

NASDAQ CRWD traded down $7.24 during trading on Thursday, hitting $461.60. The company had a trading volume of 1,867,285 shares, compared to its average volume of 5,112,701. 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 one year low of $200.81 and a one year high of $475.50. The company has a market cap of $114.42 billion, a price-to-earnings ratio of 906.55, a price-to-earnings-growth ratio of 17.86 and a beta of 1.22. The company's fifty day moving average is $400.84 and its 200-day moving average is $382.00.

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.