Westwood Holdings Group Inc. Reduces Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Westwood Holdings Group Inc. reduced its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 4.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 71,876 shares of the company's stock after selling 3,277 shares during the period. Westwood Holdings Group Inc.'s holdings in CrowdStrike were worth $24,593,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of CRWD. Primoris Wealth Advisors LLC purchased a new stake in shares of CrowdStrike in the 4th quarter worth about $2,166,000. Arcadia Investment Management Corp MI lifted its stake in shares of CrowdStrike by 30.8% in the 4th quarter. Arcadia Investment Management Corp MI now owns 11,954 shares of the company's stock valued at $4,090,000 after purchasing an additional 2,814 shares during the period. Greenleaf Trust lifted its stake in shares of CrowdStrike by 53.4% in the 4th quarter. Greenleaf Trust now owns 2,967 shares of the company's stock valued at $1,015,000 after purchasing an additional 1,033 shares during the period. Trifecta Capital Advisors LLC lifted its position in CrowdStrike by 2,140.3% during the fourth quarter. Trifecta Capital Advisors LLC now owns 8,961 shares of the company's stock valued at $3,066,000 after buying an additional 8,561 shares during the period. Finally, Fifth Third Bancorp boosted its stake in CrowdStrike by 42.6% during the fourth quarter. Fifth Third Bancorp now owns 44,609 shares of the company's stock worth $15,263,000 after acquiring an additional 13,323 shares in the last quarter. Hedge funds and other institutional investors own 71.16% of the company's stock.

Insider Activity

In other CrowdStrike news, CAO Anurag Saha sold 1,496 shares of CrowdStrike stock in a transaction on Friday, March 21st. The shares were sold at an average price of $358.62, for a total value of $536,495.52. Following the completion of the transaction, the chief accounting officer now directly owns 36,165 shares of the company's stock, valued at $12,969,492.30. This trade represents a 3.97% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO George Kurtz sold 55,556 shares of CrowdStrike stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $447.54, for a total value of $24,863,532.24. Following the completion of the transaction, the chief executive officer now owns 2,192,610 shares of the company's stock, valued at approximately $981,280,679.40. This represents a 2.47% 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. Corporate insiders own 3.32% of the company's stock.

CrowdStrike Stock Performance

CRWD opened at $444.35 on Tuesday. The company has a fifty day moving average of $387.79 and a 200 day moving average of $376.25. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $455.59. The stock has a market capitalization of $110.14 billion, a price-to-earnings ratio of 871.29, a PEG ratio of 17.86 and a beta of 1.22. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on CRWD shares. Guggenheim reiterated a "neutral" rating on shares of CrowdStrike in a report on Wednesday, March 5th. Wells Fargo & Company lifted their price target on CrowdStrike from $400.00 to $430.00 and gave the stock an "overweight" rating in a research report on Wednesday, March 5th. Scotiabank reaffirmed a "sector perform" rating on shares of CrowdStrike in a research report on Wednesday, February 5th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $450.00 target price on shares of CrowdStrike in a report on Thursday, May 8th. Finally, Canaccord Genuity Group boosted their price objective on shares of CrowdStrike from $370.00 to $420.00 and gave the stock a "buy" rating in a report on Monday, March 3rd. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have issued a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat, CrowdStrike currently has an average rating of "Moderate Buy" and an average price target of $403.56.

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.

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