Williams Jones Wealth Management LLC. Has $744,000 Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Williams Jones Wealth Management LLC. cut its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 30.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,174 shares of the company's stock after selling 943 shares during the quarter. Williams Jones Wealth Management LLC.'s holdings in CrowdStrike were worth $744,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Primoris Wealth Advisors LLC acquired a new stake in shares of CrowdStrike during the fourth quarter worth $2,166,000. Arcadia Investment Management Corp MI boosted its stake in CrowdStrike by 30.8% during the fourth quarter. Arcadia Investment Management Corp MI now owns 11,954 shares of the company's stock worth $4,090,000 after acquiring an additional 2,814 shares in the last quarter. Greenleaf Trust boosted its stake in CrowdStrike by 53.4% during the fourth quarter. Greenleaf Trust now owns 2,967 shares of the company's stock worth $1,015,000 after acquiring an additional 1,033 shares in the last quarter. Trifecta Capital Advisors LLC boosted its stake in CrowdStrike by 2,140.3% during the fourth quarter. Trifecta Capital Advisors LLC now owns 8,961 shares of the company's stock worth $3,066,000 after acquiring an additional 8,561 shares in the last quarter. 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. 71.16% of the stock is currently owned by institutional investors and hedge funds.

CrowdStrike Price Performance

Shares of NASDAQ CRWD opened at $442.25 on Wednesday. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. The stock has a fifty day simple moving average of $389.98 and a two-hundred day simple moving average of $376.71. CrowdStrike Holdings, Inc. has a 1-year low of $200.81 and a 1-year high of $455.59. The firm has a market cap of $109.62 billion, a price-to-earnings ratio of 867.17, a price-to-earnings-growth ratio of 17.86 and a beta of 1.22.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Truist Financial cut their target price on shares of CrowdStrike from $460.00 to $450.00 and set a "buy" rating on the stock in a research note on Monday, March 31st. Barclays cut their target price on shares of CrowdStrike from $506.00 to $475.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 5th. Westpark Capital reissued a "hold" rating on shares of CrowdStrike in a research note on Wednesday, March 5th. Rosenblatt Securities reissued a "buy" rating and set a $450.00 target price on shares of CrowdStrike in a research note on Thursday, May 8th. Finally, UBS Group cut their target price on shares of CrowdStrike from $450.00 to $425.00 and set a "buy" rating on the stock in a research note on Wednesday, March 5th. Two research 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 assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $403.56.

Insider Activity

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 transaction, the chief financial officer now owns 249,653 shares in the company, valued at $109,068,402.64. This trade represents a 6.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Shawn Henry sold 4,500 shares of the 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 transaction, the insider now owns 89,714 shares of the company's stock, valued at $31,669,042. This represents a 4.78% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 185,431 shares of company stock valued at $74,472,548 in the last 90 days. 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.

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