CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Position Lessened by Itau Unibanco Holding S.A.

Itau Unibanco Holding S.A. cut its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 8.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 51,201 shares of the company's stock after selling 5,022 shares during the period. Itau Unibanco Holding S.A.'s holdings in CrowdStrike were worth $17,519,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank purchased a new position in CrowdStrike in the fourth quarter valued at approximately $1,111,542,000. Raymond James Financial Inc. purchased a new position in shares of CrowdStrike in the 4th quarter valued at $237,375,000. Voya Investment Management LLC raised its stake in CrowdStrike by 43.5% during the 4th quarter. Voya Investment Management LLC now owns 1,920,901 shares of the company's stock worth $657,106,000 after acquiring an additional 582,471 shares in the last quarter. Amundi lifted its position in CrowdStrike by 41.9% in the fourth quarter. Amundi now owns 1,382,952 shares of the company's stock valued at $496,093,000 after acquiring an additional 408,190 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in CrowdStrike by 2,586.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 418,094 shares of the company's stock valued at $143,055,000 after acquiring an additional 402,531 shares in the last quarter. 71.16% of the stock is owned by institutional investors and hedge funds.

CrowdStrike Stock Up 1.9 %

NASDAQ CRWD traded up $8.37 on Monday, reaching $448.95. The company had a trading volume of 1,348,613 shares, compared to its average volume of 5,052,409. The firm has a market capitalization of $111.28 billion, a PE ratio of 880.22, a P/E/G ratio of 17.86 and a beta of 1.22. The firm has a 50-day moving average of $371.78 and a 200-day moving average of $366.34. CrowdStrike Holdings, Inc. has a 1 year low of $200.81 and a 1 year high of $455.59. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86.

Insiders Place Their Bets

In other CrowdStrike news, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $412.39, for a total value of $2,577,437.50. Following the completion of the transaction, the director now owns 805,592 shares of the company's stock, valued at $332,218,084.88. The trade was a 0.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO George Kurtz sold 22,449 shares of the stock in a transaction on Friday, March 21st. The stock was sold at an average price of $358.68, for a total transaction of $8,052,007.32. Following the sale, the chief executive officer now directly owns 2,178,452 shares in the company, valued at $781,367,163.36. This trade represents a 1.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 139,125 shares of company stock worth $53,208,049 in the last three months. 4.34% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on CRWD. Westpark Capital reissued a "hold" rating on shares of CrowdStrike in a report on Wednesday, March 5th. Wedbush raised their target price on shares of CrowdStrike from $390.00 to $395.00 and gave the stock an "outperform" rating in a research report on Wednesday, March 5th. Baird R W downgraded shares of CrowdStrike from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 3rd. Mizuho raised their price objective on shares of CrowdStrike from $385.00 to $450.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 12th. Finally, Barclays reduced their target price on shares of CrowdStrike from $506.00 to $475.00 and set an "overweight" rating for the company in a report on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $403.20.

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.