IHT Wealth Management LLC Lowers Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

IHT Wealth Management LLC decreased its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 44.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,554 shares of the company's stock after selling 5,252 shares during the period. IHT Wealth Management LLC's holdings in CrowdStrike were worth $2,243,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. J. Safra Sarasin Holding AG increased its holdings in CrowdStrike by 43.5% in the fourth quarter. J. Safra Sarasin Holding AG now owns 30,644 shares of the company's stock valued at $10,485,000 after buying an additional 9,295 shares in the last quarter. OneDigital Investment Advisors LLC increased its holdings in CrowdStrike by 27.0% in the fourth quarter. OneDigital Investment Advisors LLC now owns 5,319 shares of the company's stock valued at $1,820,000 after buying an additional 1,131 shares in the last quarter. Stifel Financial Corp increased its holdings in CrowdStrike by 7.6% in the fourth quarter. Stifel Financial Corp now owns 351,095 shares of the company's stock valued at $120,130,000 after buying an additional 24,856 shares in the last quarter. Wealth Dimensions Group Ltd. increased its holdings in CrowdStrike by 5.2% in the fourth quarter. Wealth Dimensions Group Ltd. now owns 1,006 shares of the company's stock valued at $344,000 after buying an additional 50 shares in the last quarter. Finally, TD Waterhouse Canada Inc. increased its holdings in CrowdStrike by 2.3% in the fourth quarter. TD Waterhouse Canada Inc. now owns 31,039 shares of the company's stock valued at $10,616,000 after buying an additional 708 shares in the last quarter. Hedge funds and other institutional investors own 71.16% of the company's stock.

Insider Activity at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $450.67, for a total transaction of $1,802,680.00. Following the completion of the sale, the insider now directly owns 94,214 shares of the company's stock, valued at $42,459,423.38. The trade was a 4.07 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Johanna Flower sold 2,974 shares of the business's stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $362.48, for a total value of $1,078,015.52. Following the completion of the sale, the director now directly owns 82,875 shares of the company's stock, valued at $30,040,530. The trade was a 3.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 122,375 shares of company stock worth $46,197,236. Company insiders own 4.34% of the company's stock.

CrowdStrike Stock Up 2.6 %

NASDAQ:CRWD traded up $10.83 during midday trading on Friday, reaching $424.88. The company had a trading volume of 3,330,958 shares, compared to its average volume of 5,066,026. The firm has a market capitalization of $105.32 billion, a price-to-earnings ratio of 833.11, a PEG ratio of 17.86 and a beta of 1.28. The stock's fifty day simple moving average is $369.96 and its 200-day simple moving average is $362.11. CrowdStrike Holdings, Inc. has a 12-month low of $200.81 and a 12-month high of $455.59. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CRWD. BTIG Research raised shares of CrowdStrike from a "neutral" rating to a "buy" rating and set a $431.00 target price for the company in a research note on Tuesday, March 25th. Roth Capital began coverage on shares of CrowdStrike in a research note on Wednesday. They set a "buy" rating and a $410.00 target price for the company. Needham & Company LLC reissued a "buy" rating and set a $420.00 target price on shares of CrowdStrike in a research note on Wednesday, March 5th. Jefferies Financial Group cut their target price on shares of CrowdStrike from $425.00 to $410.00 and set a "buy" rating for the company in a research note on Monday, March 31st. Finally, KeyCorp cut their target price on shares of CrowdStrike from $480.00 to $450.00 and set an "overweight" rating for the company in a research note on Wednesday, March 5th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, thirty have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $400.76.

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.