RBF Capital LLC Reduces Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

RBF Capital LLC cut its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 20.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,000 shares of the company's stock after selling 2,000 shares during the period. RBF Capital LLC's holdings in CrowdStrike were worth $2,737,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Norges Bank purchased a new stake in shares of CrowdStrike during the 4th quarter valued at $1,111,542,000. Raymond James Financial Inc. purchased a new stake in shares of CrowdStrike during the 4th quarter valued at $237,375,000. Amundi increased its position in shares of CrowdStrike by 41.9% during the 4th quarter. Amundi now owns 1,382,952 shares of the company's stock valued at $496,093,000 after purchasing an additional 408,190 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in CrowdStrike by 2,586.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 418,094 shares of the company's stock worth $143,055,000 after acquiring an additional 402,531 shares during the last quarter. Finally, Franklin Resources Inc. increased its holdings in CrowdStrike by 36.5% in the 4th quarter. Franklin Resources Inc. now owns 1,378,856 shares of the company's stock worth $471,789,000 after acquiring an additional 368,931 shares during the last quarter. 71.16% of the stock is currently owned by institutional investors.

Insider Activity at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the firm's stock in a transaction on Tuesday, February 18th. The shares were 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Sameer K. Gandhi sold 6,250 shares of the firm's stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $412.39, for a total transaction of $2,577,437.50. Following the completion of the sale, the director now directly owns 805,592 shares in the company, valued at approximately $332,218,084.88. This trade represents a 0.77 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 122,375 shares of company stock valued at $46,197,236. Insiders own 4.34% of the company's stock.

CrowdStrike Trading Up 2.6 %

Shares of CRWD stock traded up $10.83 on Friday, hitting $424.88. 3,330,958 shares of the company's stock traded hands, compared to its average volume of 5,066,026. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. CrowdStrike Holdings, Inc. has a one year low of $200.81 and a one year high of $455.59. The company's fifty day simple moving average is $369.96 and its 200 day simple moving average is $362.11. The stock has a market capitalization of $105.32 billion, a price-to-earnings ratio of 833.11, a P/E/G ratio of 17.86 and a beta of 1.28.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Rosenblatt Securities reissued a "buy" rating and issued a $450.00 price objective on shares of CrowdStrike in a report on Wednesday, March 5th. Westpark Capital reissued a "hold" rating on shares of CrowdStrike in a report on Wednesday, March 5th. BTIG Research raised CrowdStrike from a "neutral" rating to a "buy" rating and set a $431.00 price objective for the company in a report on Tuesday, March 25th. Bank of America lifted their price objective on CrowdStrike from $400.00 to $420.00 and gave the stock a "buy" rating in a report on Wednesday, February 26th. Finally, Raymond James lowered CrowdStrike from an "outperform" rating to a "cautious" rating in a report on Monday, March 10th. 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 stock. Based on data from MarketBeat, the stock 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.