Sender Co & Partners Inc. Trims Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Sender Co & Partners Inc. reduced its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 40.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,550 shares of the company's stock after selling 1,710 shares during the period. Sender Co & Partners Inc.'s holdings in CrowdStrike were worth $873,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. FSA Wealth Management LLC raised its stake in CrowdStrike by 11.2% in the fourth quarter. FSA Wealth Management LLC now owns 228 shares of the company's stock valued at $78,000 after buying an additional 23 shares in the last quarter. Jacobi Capital Management LLC raised its stake in CrowdStrike by 1.9% in the fourth 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 raised its stake in 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 raised its stake in CrowdStrike by 4.2% in the fourth quarter. Wintrust Investments LLC now owns 719 shares of the company's stock valued at $246,000 after buying an additional 29 shares in the last quarter. Finally, Greenwich Wealth Management LLC raised its stake in CrowdStrike by 4.0% in the fourth quarter. Greenwich Wealth Management LLC now owns 776 shares of the company's stock valued at $265,000 after buying an additional 30 shares in the last quarter. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at CrowdStrike

In related news, CAO Anurag Saha sold 1,496 shares of the company's stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $358.62, for a total value of $536,495.52. Following the sale, the chief accounting officer now owns 36,165 shares of the company's stock, valued at approximately $12,969,492.30. This represents a 3.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 shares were sold at an average price of $450.67, for a total value of $1,802,680.00. Following the completion of the sale, the insider now directly owns 94,214 shares in the company, valued at approximately $42,459,423.38. The trade was a 4.07% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 189,431 shares of company stock valued at $76,275,228 in the last quarter. 3.32% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have weighed in on CRWD shares. Stephens started coverage on CrowdStrike in a research note on Tuesday, April 1st. They issued an "overweight" rating and a $450.00 price target on the stock. JPMorgan Chase & Co. lifted their target price on CrowdStrike from $418.00 to $450.00 and gave the stock an "overweight" rating in a research report on Friday, February 28th. BMO Capital Markets lifted their target price on CrowdStrike from $380.00 to $405.00 and gave the stock an "outperform" rating in a research report on Wednesday, March 5th. Susquehanna increased their price objective on CrowdStrike from $400.00 to $425.00 and gave the company a "positive" rating in a report on Wednesday, March 5th. Finally, DA Davidson lifted their target price on shares of CrowdStrike from $395.00 to $415.00 and gave the company a "buy" rating in a report on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, CrowdStrike currently has a consensus rating of "Moderate Buy" and a consensus price target of $403.56.

CrowdStrike Price Performance

Shares of NASDAQ:CRWD traded up $5.09 during trading on Monday, hitting $444.35. 2,011,721 shares of the stock were exchanged, compared to its average volume of 5,099,392. The company has a fifty day moving average price of $385.84 and a two-hundred day moving average price of $375.26. The company has a market cap of $110.14 billion, a PE ratio of 871.29, a P/E/G ratio of 17.86 and a beta of 1.22. 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 12-month low of $200.81 and a 12-month high of $455.59.

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.