Two Sigma Advisers LP Decreases Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Two Sigma Advisers LP lowered its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 99.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,000 shares of the company's stock after selling 1,066,100 shares during the period. Two Sigma Advisers LP's holdings in CrowdStrike were worth $1,711,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Tybourne Capital Management HK Ltd. raised its stake in CrowdStrike by 52.7% during the 4th quarter. Tybourne Capital Management HK Ltd. now owns 5,942 shares of the company's stock worth $2,033,000 after buying an additional 2,050 shares during the period. State of Wyoming raised its position in shares of CrowdStrike by 2,191.4% during the fourth quarter. State of Wyoming now owns 802 shares of the company's stock worth $274,000 after purchasing an additional 767 shares during the period. Strive Asset Management LLC bought a new position in shares of CrowdStrike in the 4th quarter worth $870,000. Toronto Dominion Bank lifted its holdings in shares of CrowdStrike by 106.0% in the 4th quarter. Toronto Dominion Bank now owns 183,033 shares of the company's stock worth $62,627,000 after purchasing an additional 94,197 shares in the last quarter. Finally, Snowden Capital Advisors LLC grew its position in CrowdStrike by 13.8% in the 4th quarter. Snowden Capital Advisors LLC now owns 13,036 shares of the company's stock valued at $4,460,000 after purchasing an additional 1,578 shares during the period. Institutional investors own 71.16% of the company's stock.

CrowdStrike Price Performance

NASDAQ CRWD traded up $7.01 during trading on Friday, reaching $465.82. The company's stock had a trading volume of 4,481,144 shares, compared to its average volume of 5,121,604. The firm has a fifty day moving average of $402.56 and a 200 day moving average of $382.80. CrowdStrike Holdings, Inc. has a one year low of $200.81 and a one year high of $474.23. The stock 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 debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. JMP Securities raised their price objective on shares of CrowdStrike from $400.00 to $500.00 and gave the company a "market outperform" rating in a research note on Monday, May 5th. JPMorgan Chase & Co. raised their price target on shares of CrowdStrike from $418.00 to $450.00 and gave the company an "overweight" rating in a research report on Friday, February 28th. Mizuho downgraded CrowdStrike from an "outperform" rating to a "neutral" rating and set a $425.00 price target for the company. in a research note on Thursday, May 15th. Guggenheim reissued a "neutral" rating on shares of CrowdStrike in a report on Wednesday, March 5th. Finally, Wedbush increased their price objective on CrowdStrike from $390.00 to $395.00 and gave the stock an "outperform" rating in a research note on Wednesday, March 5th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have assigned a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $408.12.

Insider Transactions at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 1,496 shares of CrowdStrike stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $358.62, for a total transaction of $536,495.52. Following the completion of the sale, the chief accounting officer now directly owns 36,165 shares in the company, valued at $12,969,492.30. The trade was a 3.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Shawn Henry sold 4,500 shares of the company's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $353.00, for a total transaction of $1,588,500.00. Following the completion of the transaction, the insider now owns 89,714 shares of the company's stock, valued at $31,669,042. This trade represents a 4.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 195,431 shares of company stock valued at $79,162,548. 3.32% of the stock is owned by corporate 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.