CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Stake Cut by Summit Partners Public Asset Management LLC

Summit Partners Public Asset Management LLC decreased its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 50.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,000 shares of the company's stock after selling 51,813 shares during the quarter. Summit Partners Public Asset Management LLC's holdings in CrowdStrike were worth $17,108,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Berbice Capital Management LLC acquired a new position in shares of CrowdStrike in the 4th quarter valued at about $27,000. FPC Investment Advisory Inc. lifted its stake in shares of CrowdStrike by 811.1% in the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company's stock valued at $28,000 after purchasing an additional 73 shares in the last quarter. Crowley Wealth Management Inc. acquired a new position in shares of CrowdStrike in the 4th quarter valued at about $34,000. Luken Investment Analytics LLC acquired a new position in shares of CrowdStrike in the 4th quarter valued at about $34,000. Finally, Millstone Evans Group LLC acquired a new position in shares of CrowdStrike in the 4th quarter valued at about $34,000. Hedge funds and other institutional investors own 71.16% of the company's stock.

Insider Activity

In other news, CAO Anurag Saha sold 1,496 shares of the company's stock in a transaction on Friday, March 21st. The stock was sold at an average price of $358.62, for a total transaction 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 represents a 3.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Shawn Henry sold 2,547 shares of the company's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $365.96, for a total value of $932,100.12. Following the sale, the insider now directly owns 82,071 shares of the company's stock, valued at approximately $30,034,703.16. This represents a 3.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 189,431 shares of company stock worth $76,275,228 over the last 90 days. 3.32% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on CRWD. Jefferies Financial Group reissued a "buy" rating on shares of CrowdStrike in a research report on Wednesday, May 7th. Royal Bank of Canada reissued an "outperform" rating on shares of CrowdStrike in a research report on Wednesday, March 5th. BMO Capital Markets boosted their price target on CrowdStrike from $380.00 to $405.00 and gave the stock an "outperform" rating in a research report on Wednesday, March 5th. Mizuho lowered CrowdStrike from an "outperform" rating to a "neutral" rating and set a $425.00 price target on the stock. in a research report on Thursday. Finally, Barclays reduced their price target on CrowdStrike from $506.00 to $475.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 5th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $403.56.

CrowdStrike Price Performance

Shares of CrowdStrike stock traded up $5.09 during trading on Monday, hitting $444.35. The stock had a trading volume of 2,011,721 shares, compared to its average volume of 5,099,392. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. The firm has a market cap of $110.14 billion, a P/E ratio of 871.29, a PEG ratio of 17.86 and a beta of 1.22. The business has a fifty day moving average of $385.84 and a two-hundred day moving average of $375.26. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $455.59.

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.