Gotham Asset Management LLC Lowers Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Gotham Asset Management LLC reduced its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 11.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 66,866 shares of the company's stock after selling 8,889 shares during the quarter. Gotham Asset Management LLC's holdings in CrowdStrike were worth $22,879,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Norges Bank bought a new stake in shares of CrowdStrike during the fourth quarter valued at approximately $1,111,542,000. Raymond James Financial Inc. bought a new stake in CrowdStrike during the fourth quarter worth $237,375,000. Voya Investment Management LLC grew its holdings in CrowdStrike by 43.5% during the fourth quarter. Voya Investment Management LLC now owns 1,920,901 shares of the company's stock worth $657,106,000 after buying an additional 582,471 shares in the last quarter. Amundi grew its holdings in CrowdStrike by 41.9% during the fourth quarter. Amundi now owns 1,382,952 shares of the company's stock worth $496,093,000 after buying an additional 408,190 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in CrowdStrike by 2,586.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 418,094 shares of the company's stock worth $143,055,000 after buying an additional 402,531 shares in the last quarter. 71.16% of the stock is currently owned by institutional investors.

Insider Activity at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $450.67, for a total value of $1,802,680.00. Following the completion of the sale, the insider now owns 94,214 shares in the company, valued at approximately $42,459,423.38. This trade represents a 4.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Anurag Saha sold 2,141 shares of the stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $371.79, for a total value of $796,002.39. Following the completion of the sale, the chief accounting officer now owns 34,024 shares of the company's stock, valued at approximately $12,649,782.96. This trade represents a 5.92% decrease in their position. The disclosure for this sale can be found here. Insiders sold 189,431 shares of company stock worth $76,275,228 in the last ninety days. 4.34% of the stock is owned by company insiders.

CrowdStrike Trading Up 2.5%

CRWD stock traded up $10.76 during trading on Tuesday, hitting $440.20. 3,715,677 shares of the company traded hands, compared to its average volume of 4,027,169. The firm has a market capitalization of $109.11 billion, a PE ratio of 863.15, a P/E/G ratio of 17.86 and a beta of 1.22. CrowdStrike Holdings, Inc. has a 1 year low of $200.81 and a 1 year high of $455.59. The company has a 50-day moving average of $377.29 and a 200-day moving average of $371.55. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86.

Analyst Ratings Changes

Several research analysts have weighed in on the company. DA Davidson boosted their price objective on CrowdStrike from $395.00 to $415.00 and gave the stock a "buy" rating in a research report on Wednesday, March 5th. JPMorgan Chase & Co. boosted their price objective on CrowdStrike from $418.00 to $450.00 and gave the stock an "overweight" rating in a research report on Friday, February 28th. Raymond James cut CrowdStrike from an "outperform" rating to a "cautious" rating in a research report on Monday, March 10th. Stifel Nicolaus cut their price objective on CrowdStrike from $475.00 to $435.00 and set a "buy" rating on the stock in a research report on Wednesday, March 5th. Finally, Roth Capital started coverage on CrowdStrike in a research report on Wednesday, April 23rd. They set a "buy" rating and a $410.00 price target on the stock. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $403.20.

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.