Integrated Advisors Network LLC Cuts Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Integrated Advisors Network LLC lessened its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 19.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 31,638 shares of the company's stock after selling 7,853 shares during the period. Integrated Advisors Network LLC's holdings in CrowdStrike were worth $10,825,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of CrowdStrike during the fourth quarter valued at about $1,111,542,000. Pathstone Holdings LLC raised its position in shares of CrowdStrike by 379.0% in the 4th quarter. Pathstone Holdings LLC now owns 1,286,200 shares of the company's stock worth $440,116,000 after acquiring an additional 1,017,678 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of CrowdStrike in the 4th quarter valued at approximately $237,375,000. Voya Investment Management LLC boosted its position in shares of CrowdStrike by 43.5% during the fourth quarter. Voya Investment Management LLC now owns 1,920,901 shares of the company's stock valued at $657,106,000 after purchasing an additional 582,471 shares in the last quarter. Finally, Amundi grew its stake in CrowdStrike by 41.9% in the fourth quarter. Amundi now owns 1,382,952 shares of the company's stock worth $496,093,000 after purchasing an additional 408,190 shares during the period. Institutional investors own 71.16% of the company's stock.

CrowdStrike Stock Performance

CRWD stock traded down $7.50 during trading on Thursday, reaching $461.33. The company had a trading volume of 2,044,225 shares, compared to its average volume of 5,113,452. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. CrowdStrike Holdings, Inc. has a twelve month low of $200.81 and a twelve month high of $475.50. The firm has a 50-day simple moving average of $400.84 and a 200-day simple moving average of $382.00. The company has a market cap of $114.35 billion, a price-to-earnings ratio of 904.58, a price-to-earnings-growth ratio of 17.86 and a beta of 1.22.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on CRWD shares. Jefferies Financial Group reissued a "buy" rating on shares of CrowdStrike in a research note on Wednesday, May 7th. Citigroup reissued an "outperform" rating on shares of CrowdStrike in a report on Monday, May 5th. UBS Group boosted their target price on shares of CrowdStrike from $425.00 to $545.00 and gave the company a "buy" rating in a research report on Thursday. BTIG Research reissued a "buy" rating on shares of CrowdStrike in a research note on Thursday, May 22nd. Finally, Scotiabank reiterated a "sector perform" rating on shares of CrowdStrike in a research report on Wednesday, February 5th. 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 given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $407.29.

Insider Buying and Selling at CrowdStrike

In other news, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $324.16, for a total transaction of $2,026,000.00. Following the completion of the transaction, the director now directly owns 768,092 shares of the company's stock, valued at $248,984,702.72. The trade was a 0.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction, the chief accounting officer now directly owns 36,165 shares of the company's stock, valued at approximately $12,969,492.30. This trade represents a 3.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 195,431 shares of company stock worth $79,162,548. Company insiders own 3.32% of the company's stock.

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.