CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Stock Position Reduced by Transform Wealth LLC

Transform Wealth LLC decreased its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 4.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 688 shares of the company’s stock after selling 32 shares during the period. Transform Wealth LLC’s holdings in CrowdStrike were worth $235,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in CRWD. Jennison Associates LLC boosted its holdings in CrowdStrike by 25.0% in the third quarter. Jennison Associates LLC now owns 5,068,800 shares of the company’s stock worth $1,421,646,000 after purchasing an additional 1,013,161 shares during the period. International Assets Investment Management LLC boosted its holdings in shares of CrowdStrike by 17,926.3% in the 3rd quarter. International Assets Investment Management LLC now owns 925,831 shares of the company’s stock valued at $259,668,000 after buying an additional 920,695 shares during the period. Daiwa Securities Group Inc. grew its position in shares of CrowdStrike by 1,655.9% during the 3rd quarter. Daiwa Securities Group Inc. now owns 755,951 shares of the company’s stock valued at $212,021,000 after buying an additional 712,900 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in CrowdStrike by 248.6% during the third quarter. Assenagon Asset Management S.A. now owns 521,198 shares of the company’s stock worth $146,180,000 after acquiring an additional 371,695 shares during the period. Finally, State Street Corp lifted its holdings in CrowdStrike by 2.9% in the third quarter. State Street Corp now owns 9,630,776 shares of the company’s stock worth $2,701,144,000 after acquiring an additional 275,717 shares during the last quarter. 71.16% of the stock is currently owned by institutional investors.

CrowdStrike Trading Up 2.6 %

NASDAQ CRWD opened at $366.41 on Wednesday. The firm’s 50 day moving average price is $356.16 and its two-hundred day moving average price is $311.67. 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 twelve month low of $200.81 and a twelve month high of $398.33. The stock has a market cap of $90.25 billion, a price-to-earnings ratio of 718.47, a PEG ratio of 18.99 and a beta of 1.14.

Insider Transactions at CrowdStrike

In other CrowdStrike news, Director Sameer K. Gandhi sold 5,036 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $320.48, for a total transaction of $1,613,937.28. Following the completion of the sale, the director now directly owns 816,730 shares in the company, valued at approximately $261,745,630.40. This trade represents a 0.61 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $340.44, for a total value of $1,361,760.00. Following the completion of the transaction, the insider now owns 120,298 shares in the company, valued at $40,954,251.12. This represents a 3.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 110,351 shares of company stock valued at $38,935,113 over the last quarter. Company insiders own 4.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on CRWD shares. BNP Paribas started coverage on CrowdStrike in a report on Tuesday, October 8th. They set a “neutral” rating and a $285.00 target price for the company. Evercore ISI increased their target price on CrowdStrike from $325.00 to $400.00 and gave the stock an “outperform” rating in a research report on Monday, November 25th. Wells Fargo & Company boosted their price target on shares of CrowdStrike from $350.00 to $400.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. Barclays increased their price objective on shares of CrowdStrike from $295.00 to $372.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. Finally, Truist Financial lifted their price objective on shares of CrowdStrike from $375.00 to $385.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, CrowdStrike has an average rating of “Moderate Buy” and an average target price of $369.00.

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.