Maytus Capital Management LLC Sells 6,500 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Maytus Capital Management LLC lessened its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 28.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,500 shares of the company's stock after selling 6,500 shares during the period. CrowdStrike accounts for approximately 2.0% of Maytus Capital Management LLC's holdings, making the stock its 24th biggest position. Maytus Capital Management LLC's holdings in CrowdStrike were worth $5,646,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. FSA Wealth Management LLC raised its position in shares of CrowdStrike by 11.2% in the 4th quarter. FSA Wealth Management LLC now owns 228 shares of the company's stock worth $78,000 after buying an additional 23 shares during the period. Jacobi Capital Management LLC grew its position in CrowdStrike by 1.9% in the 4th quarter. Jacobi Capital Management LLC now owns 1,309 shares of the company's stock valued at $448,000 after buying an additional 25 shares in the last quarter. Dorsey & Whitney Trust CO LLC lifted its position in CrowdStrike by 1.4% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 1,974 shares of the company's stock worth $675,000 after purchasing an additional 27 shares during the period. Wintrust Investments LLC raised its position in CrowdStrike by 4.2% in the fourth quarter. Wintrust Investments LLC now owns 719 shares of the company's stock worth $246,000 after acquiring an additional 29 shares in the last quarter. Finally, Greenwich Wealth Management LLC lifted its stake in CrowdStrike by 4.0% during the fourth quarter. Greenwich Wealth Management LLC now owns 776 shares of the company's stock valued at $265,000 after purchasing an additional 30 shares during the last quarter. 71.16% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Sameer K. Gandhi sold 6,250 shares of the firm's stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $324.16, for a total value of $2,026,000.00. Following the transaction, the director now owns 768,092 shares in the company, valued at $248,984,702.72. This trade represents a 0.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 sale, the chief financial officer now owns 249,653 shares of the company's stock, valued at approximately $109,068,402.64. This represents a 6.02% decrease in their position. The disclosure for this sale can be found here. Insiders sold 189,431 shares of company stock valued at $76,275,228 over the last 90 days. Company insiders own 4.34% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on CRWD shares. Westpark Capital reaffirmed a "hold" rating on shares of CrowdStrike in a research note on Wednesday, March 5th. Mizuho raised their target price on shares of CrowdStrike from $385.00 to $450.00 and gave the company an "outperform" rating in a research note on Wednesday, February 12th. Roth Capital started coverage on shares of CrowdStrike in a research report on Wednesday, April 23rd. They set a "buy" rating and a $410.00 target price on the stock. KeyCorp cut their target price on CrowdStrike from $480.00 to $450.00 and set an "overweight" rating for the company in a research note on Wednesday, March 5th. Finally, Truist Financial decreased their price target on CrowdStrike from $460.00 to $450.00 and set a "buy" rating on the stock in a research note on Monday, March 31st. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirty have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, CrowdStrike currently has a consensus rating of "Moderate Buy" and a consensus price target of $403.20.

CrowdStrike Trading Up 4.6%

Shares of CRWD stock opened at $429.44 on Tuesday. The stock has a market cap of $106.45 billion, a price-to-earnings ratio of 842.06, a PEG 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 current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. The stock has a 50-day moving average of $377.29 and a 200-day moving average of $371.55.

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.

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