Integrated Advisors Network LLC Has $10.83 Million Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Integrated Advisors Network LLC reduced its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 19.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,638 shares of the company's stock after selling 7,853 shares during the quarter. 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 hedge funds and other institutional investors have also modified their holdings of CRWD. Norges Bank bought a new stake in CrowdStrike in the fourth quarter worth about $1,111,542,000. Pathstone Holdings LLC raised its position in CrowdStrike by 379.0% in the fourth 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. bought a new stake in CrowdStrike in the fourth quarter worth about $237,375,000. Voya Investment Management LLC raised its position in CrowdStrike by 43.5% in the fourth quarter. Voya Investment Management LLC now owns 1,920,901 shares of the company's stock worth $657,106,000 after acquiring an additional 582,471 shares in the last quarter. Finally, Amundi raised its position 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 acquiring an additional 408,190 shares in the last quarter. 71.16% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CAO Anurag Saha sold 1,496 shares of the company's stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $358.62, for a total transaction of $536,495.52. Following the completion of the transaction, 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Burt W. Podbere sold 16,000 shares of the company's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $436.88, for a total value of $6,990,080.00. Following the transaction, the chief financial officer now owns 249,653 shares of the company's stock, valued at approximately $109,068,402.64. This trade represents a 6.02% 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.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. BMO Capital Markets lifted their price target on CrowdStrike from $380.00 to $405.00 and gave the stock an "outperform" rating in a research note 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 note on Wednesday, March 5th. Royal Bank of Canada reissued an "outperform" rating on shares of CrowdStrike in a research note on Wednesday, March 5th. Morgan Stanley lifted their price target on CrowdStrike from $415.00 to $455.00 and gave the stock an "overweight" rating in a research note on Thursday, May 15th. Finally, Canaccord Genuity Group lifted their price target on CrowdStrike from $370.00 to $420.00 and gave the stock a "buy" rating in a research note on Monday, March 3rd. 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. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $404.43.

CrowdStrike Stock Performance

CRWD traded down $3.39 on Wednesday, hitting $468.83. The company had a trading volume of 2,883,970 shares, compared to its average volume of 5,117,827. The company's fifty day moving average price is $398.71 and its 200 day moving average price is $381.40. CrowdStrike Holdings, Inc. has a 1-year low of $200.81 and a 1-year high of $474.41. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. The stock has a market cap of $116.21 billion, a price-to-earnings ratio of 919.29, a price-to-earnings-growth ratio of 17.86 and a beta of 1.22.

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.