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

Integrated Advisors Network LLC decreased its position 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 filing with the SEC. 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 quarter.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in CrowdStrike by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 21,926,011 shares of the company's stock worth $7,502,204,000 after purchasing an additional 342,294 shares during the period. Jennison Associates LLC lifted its holdings in shares of CrowdStrike by 6.9% in the fourth quarter. Jennison Associates LLC now owns 5,420,980 shares of the company's stock worth $1,854,843,000 after buying an additional 352,180 shares in the last quarter. Geode Capital Management LLC boosted its position 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 worth $1,712,063,000 after acquiring an additional 124,984 shares during the last quarter. Norges Bank purchased a new position in CrowdStrike during the fourth quarter valued at $1,111,542,000. Finally, Northern Trust Corp increased its holdings in CrowdStrike by 16.6% in the 4th quarter. Northern Trust Corp now owns 2,271,722 shares of the company's stock valued at $777,292,000 after acquiring an additional 324,136 shares during the last quarter. Institutional investors own 71.16% of the company's stock.

Insiders Place Their Bets

In other CrowdStrike news, CFO Burt W. Podbere sold 16,000 shares of the stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $436.88, for a total transaction of $6,990,080.00. Following the completion of the sale, the chief financial officer now directly owns 249,653 shares of the company's stock, valued at approximately $109,068,402.64. This represents a 6.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, President Michael Sentonas sold 13,543 shares of the 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 $4,856,790.66. Following the sale, the president now directly owns 405,308 shares of the company's stock, valued at $145,351,554.96. The trade was a 3.23% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 185,431 shares of company stock worth $74,472,548 over the last 90 days. Company insiders own 3.32% of the company's stock.

CrowdStrike Stock Up 3.7%

Shares of CRWD traded up $16.63 during mid-day trading on Tuesday, hitting $472.22. The company's stock had a trading volume of 3,992,982 shares, compared to its average volume of 5,126,759. The firm has a market capitalization of $117.05 billion, a price-to-earnings ratio of 925.94, a PEG ratio of 17.86 and a beta of 1.22. The company's 50-day moving average is $396.65 and its 200-day moving average is $380.76. 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 52-week low of $200.81 and a 52-week high of $474.19.

Analyst Ratings Changes

Several research analysts have commented on CRWD shares. Bank of America increased their price objective on shares of CrowdStrike from $400.00 to $420.00 and gave the company a "buy" rating in a report on Wednesday, February 26th. Rosenblatt Securities restated a "buy" rating and set a $450.00 price target on shares of CrowdStrike in a report on Thursday, May 8th. Jefferies Financial Group reaffirmed a "buy" rating on shares of CrowdStrike in a research note on Wednesday, May 7th. Raymond James downgraded CrowdStrike from an "outperform" rating to a "cautious" rating in a research report on Monday, March 10th. Finally, KeyCorp reduced their price target on shares of CrowdStrike from $480.00 to $450.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 5th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $403.83.

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.