Mercer Global Advisors Inc. ADV Cuts Stock Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Mercer Global Advisors Inc. ADV reduced its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 18.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,831 shares of the company's stock after selling 4,642 shares during the period. Mercer Global Advisors Inc. ADV's holdings in CrowdStrike were worth $7,127,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. FSA Wealth Management LLC boosted its position in CrowdStrike by 11.2% during the fourth quarter. FSA Wealth Management LLC now owns 228 shares of the company's stock valued at $78,000 after purchasing an additional 23 shares during the last quarter. Jacobi Capital Management LLC boosted its holdings in shares of 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 during the last quarter. Dorsey & Whitney Trust CO LLC grew its stake in shares of CrowdStrike by 1.4% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 1,974 shares of the company's stock valued at $675,000 after buying an additional 27 shares in the last quarter. Wintrust Investments LLC increased its holdings in CrowdStrike by 4.2% during the fourth quarter. Wintrust Investments LLC now owns 719 shares of the company's stock worth $246,000 after buying an additional 29 shares during the last quarter. Finally, Greenwich Wealth Management LLC raised its position in CrowdStrike by 4.0% during the fourth quarter. Greenwich Wealth Management LLC now owns 776 shares of the company's stock worth $265,000 after acquiring an additional 30 shares in the last quarter. 71.16% of the stock is currently owned by institutional investors.

CrowdStrike Trading Down 0.1 %

CRWD traded down $0.26 during trading on Tuesday, hitting $443.21. The company's stock had a trading volume of 3,420,768 shares, compared to its average volume of 5,053,418. The firm has a market capitalization of $109.86 billion, a P/E ratio of 869.06, a PEG ratio of 17.86 and a beta of 1.22. CrowdStrike Holdings, Inc. has a twelve month low of $200.81 and a twelve month high of $455.59. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. The stock's fifty day moving average price is $372.76 and its 200-day moving average price is $367.27.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CRWD. JPMorgan Chase & Co. boosted their price objective on shares of CrowdStrike from $418.00 to $450.00 and gave the stock an "overweight" rating in a research note on Friday, February 28th. Mizuho boosted their price target on CrowdStrike from $385.00 to $450.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 12th. Needham & Company LLC reaffirmed a "buy" rating and issued a $420.00 price objective on shares of CrowdStrike in a research report on Wednesday, March 5th. JMP Securities boosted their target price on CrowdStrike from $400.00 to $500.00 and gave the stock a "market outperform" rating in a report on Monday. Finally, Guggenheim reaffirmed a "neutral" rating on shares of CrowdStrike in a report on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, ten have assigned 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, CrowdStrike presently has an average rating of "Moderate Buy" and a consensus target price of $403.20.

Insider Buying and Selling at CrowdStrike

In related news, 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 transaction of $1,802,680.00. Following the transaction, the insider now directly owns 94,214 shares of the company's stock, valued at approximately $42,459,423.38. This represents a 4.07 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Anurag Saha sold 1,496 shares of the firm's stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $358.62, for a total value of $536,495.52. Following the completion of the sale, the chief accounting officer now directly owns 36,165 shares of the company's stock, valued at $12,969,492.30. This trade represents a 3.97 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 139,125 shares of company stock valued at $53,208,049. Corporate insiders own 4.34% 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.