Malaga Cove Capital LLC Lowers Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Malaga Cove Capital LLC lessened its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 38.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,826 shares of the company's stock after selling 4,342 shares during the period. Malaga Cove Capital LLC's holdings in CrowdStrike were worth $2,336,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of CRWD. Czech National Bank grew its holdings in shares of CrowdStrike by 7.3% in the fourth quarter. Czech National Bank now owns 50,471 shares of the company's stock valued at $17,269,000 after purchasing an additional 3,438 shares during the period. Aprio Wealth Management LLC acquired a new position in CrowdStrike in the 4th quarter valued at about $248,000. Capital Investment Advisors LLC grew its stake in shares of CrowdStrike by 24.4% in the 4th quarter. Capital Investment Advisors LLC now owns 2,134 shares of the company's stock valued at $730,000 after buying an additional 419 shares during the period. CHICAGO TRUST Co NA increased its holdings in shares of CrowdStrike by 7.0% during the 4th quarter. CHICAGO TRUST Co NA now owns 1,218 shares of the company's stock worth $417,000 after buying an additional 80 shares during the last quarter. Finally, Wedmont Private Capital raised its position in shares of CrowdStrike by 4.8% during the 4th quarter. Wedmont Private Capital now owns 3,195 shares of the company's stock valued at $1,115,000 after buying an additional 147 shares during the period. Institutional investors and hedge funds own 71.16% of the company's stock.

CrowdStrike Stock Performance

CRWD stock traded up $7.42 on Friday, hitting $439.26. The company's stock had a trading volume of 2,119,098 shares, compared to its average volume of 5,099,511. The stock has a market cap of $108.88 billion, a price-to-earnings ratio of 861.31, a price-to-earnings-growth ratio of 17.86 and a beta of 1.22. The firm has a 50 day moving average of $383.64 and a two-hundred day moving average of $373.37. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. CrowdStrike Holdings, Inc. has a 1 year low of $200.81 and a 1 year high of $455.59.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Scotiabank reiterated a "sector perform" rating on shares of CrowdStrike in a research report on Wednesday, February 5th. JPMorgan Chase & Co. increased their price target on CrowdStrike from $418.00 to $450.00 and gave the stock an "overweight" rating in a report on Friday, February 28th. Guggenheim restated a "neutral" rating on shares of CrowdStrike in a report on Wednesday, March 5th. Needham & Company LLC reaffirmed a "buy" rating and issued a $420.00 target price on shares of CrowdStrike in a research report on Wednesday, March 5th. Finally, Jefferies Financial Group reiterated a "buy" rating on shares of CrowdStrike in a research report on Wednesday, May 7th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, CrowdStrike currently has a consensus rating of "Moderate Buy" and an average target price of $403.56.

Insider Activity

In other CrowdStrike news, CFO Burt W. Podbere sold 16,000 shares of CrowdStrike stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $436.88, for a total value of $6,990,080.00. Following the transaction, the chief financial officer now directly owns 249,653 shares in the company, valued at approximately $109,068,402.64. This trade represents a 6.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the company's 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 sale, the insider now owns 94,214 shares of the company's stock, valued at $42,459,423.38. This trade represents a 4.07% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 189,431 shares of company stock valued at $76,275,228. Insiders own 3.32% of the company's stock.

CrowdStrike Company 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.