CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Sold by Suvretta Capital Management LLC

Suvretta Capital Management LLC lowered its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 70.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 36,093 shares of the company's stock after selling 86,062 shares during the quarter. Suvretta Capital Management LLC's holdings in CrowdStrike were worth $12,350,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Berbice Capital Management LLC purchased a new position in shares of CrowdStrike in the fourth quarter worth $27,000. FPC Investment Advisory Inc. raised its stake in CrowdStrike by 811.1% during the fourth 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. Luken Investment Analytics LLC purchased a new stake in CrowdStrike during the fourth quarter valued at $34,000. Crowley Wealth Management Inc. purchased a new stake in CrowdStrike during the fourth quarter valued at $34,000. Finally, Millstone Evans Group LLC purchased a new stake in CrowdStrike during the fourth quarter valued at $34,000. Hedge funds and other institutional investors own 71.16% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on CRWD shares. Roth Capital started coverage on shares of CrowdStrike in a research note on Wednesday, April 23rd. They set a "buy" rating and a $410.00 price target on the stock. Scotiabank reaffirmed a "sector perform" rating on shares of CrowdStrike in a research note on Wednesday, February 5th. Mizuho downgraded shares of CrowdStrike from an "outperform" rating to a "neutral" rating and set a $425.00 price target on the stock. in a research note on Thursday. Stephens began coverage on shares of CrowdStrike in a research report on Tuesday, April 1st. They set an "overweight" rating and a $450.00 price objective on the stock. Finally, Bank of America boosted their price objective on shares of CrowdStrike from $400.00 to $420.00 and gave the company a "buy" rating in a research report on Wednesday, February 26th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $403.56.

Insiders Place Their Bets

In other CrowdStrike news, CEO George Kurtz sold 55,556 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $447.54, for a total transaction of $24,863,532.24. Following the completion of the transaction, the chief executive officer now directly owns 2,192,610 shares of the company's stock, valued at approximately $981,280,679.40. This trade represents a 2.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Gerhard Watzinger sold 10,000 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $449.00, for a total transaction of $4,490,000.00. Following the transaction, the director now directly owns 49,500 shares of the company's stock, valued at $22,225,500. This represents a 16.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 189,431 shares of company stock valued at $76,275,228. 3.32% of the stock is owned by insiders.

CrowdStrike Stock Performance

CRWD traded up $5.09 during trading on Monday, reaching $444.35. 2,011,721 shares of the company's stock were exchanged, compared to its average volume of 5,099,392. CrowdStrike Holdings, Inc. has a 1 year low of $200.81 and a 1 year high of $455.59. 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 stock has a market capitalization of $110.14 billion, a P/E ratio of 871.29, a price-to-earnings-growth ratio of 17.86 and a beta of 1.22. The company's fifty day simple moving average is $385.84 and its 200-day simple moving average is $375.26.

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.