MassMutual Private Wealth & Trust FSB Sells 678 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

MassMutual Private Wealth & Trust FSB lowered its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 3.5% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,818 shares of the company's stock after selling 678 shares during the quarter. MassMutual Private Wealth & Trust FSB's holdings in CrowdStrike were worth $6,635,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. grew 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 valued at $7,502,204,000 after buying an additional 342,294 shares in the last quarter. Jennison Associates LLC grew its stake in CrowdStrike by 6.9% in the 4th quarter. Jennison Associates LLC now owns 5,420,980 shares of the company's stock valued at $1,854,843,000 after buying an additional 352,180 shares in the last quarter. Geode Capital Management LLC grew its stake in CrowdStrike by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 5,018,441 shares of the company's stock valued at $1,712,063,000 after buying an additional 124,984 shares in the last quarter. Norges Bank purchased a new position in CrowdStrike in the 4th quarter valued at approximately $1,111,542,000. Finally, Northern Trust Corp grew its stake 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 buying an additional 324,136 shares in the last quarter. Institutional investors own 71.16% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on CRWD shares. Guggenheim reiterated a "neutral" rating on shares of CrowdStrike in a research note on Wednesday, March 5th. Truist Financial reduced their price objective on shares of CrowdStrike from $460.00 to $450.00 and set a "buy" rating for the company in a research note on Monday, March 31st. Cantor Fitzgerald boosted their price target on shares of CrowdStrike from $440.00 to $475.00 and gave the company an "overweight" rating in a research report on Friday. JMP Securities boosted their price target on shares of CrowdStrike from $400.00 to $500.00 and gave the company a "market outperform" rating in a research report on Monday, May 5th. Finally, Royal Bank of Canada restated an "outperform" rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $408.12.

CrowdStrike Trading Up 1.5%

Shares of NASDAQ CRWD traded up $7.01 during midday trading on Friday, hitting $465.82. 4,481,144 shares of the company traded hands, compared to its average volume of 5,121,588. CrowdStrike Holdings, Inc. has a 12-month low of $200.81 and a 12-month high of $474.23. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. The stock has a 50-day moving average price of $404.18 and a 200 day moving average price of $383.65. The firm has a market cap of $115.46 billion, a P/E ratio of 913.39, a P/E/G ratio of 17.86 and a beta of 1.22.

Insider Activity at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 2,141 shares of the company's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $371.79, for a total value of $796,002.39. Following the sale, the chief accounting officer now owns 34,024 shares in the company, valued at approximately $12,649,782.96. This represents a 5.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Shawn Henry sold 4,500 shares of the company's stock in a transaction dated 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 sale, the insider now owns 89,714 shares in the company, valued at approximately $31,669,042. This trade represents a 4.78% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 195,431 shares of company stock worth $79,162,548 over the last 90 days. 3.32% of the stock is owned by company insiders.

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.