Envestnet Portfolio Solutions Inc. Sells 208 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Envestnet Portfolio Solutions Inc. lessened its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 2.3% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 8,706 shares of the company’s stock after selling 208 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in CrowdStrike were worth $2,979,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Berbice Capital Management LLC purchased a new stake in shares of CrowdStrike during the fourth quarter worth about $27,000. FPC Investment Advisory Inc. grew its holdings in CrowdStrike by 811.1% during the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock valued at $28,000 after buying an additional 73 shares in the last quarter. Fortitude Family Office LLC raised its position in shares of CrowdStrike by 112.8% during the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock valued at $28,000 after buying an additional 44 shares during the last quarter. Luken Investment Analytics LLC purchased a new position in shares of CrowdStrike in the fourth quarter worth $34,000. Finally, Halbert Hargrove Global Advisors LLC bought a new position in shares of CrowdStrike during the fourth quarter worth $42,000. 71.16% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CRWD has been the topic of several research analyst reports. Royal Bank of Canada reiterated an “outperform” rating on shares of CrowdStrike in a research note on Wednesday, March 5th. Piper Sandler set a $347.00 target price on CrowdStrike in a research report on Wednesday, March 5th. The Goldman Sachs Group restated a “buy” rating on shares of CrowdStrike in a report on Wednesday, March 5th. Needham & Company LLC reaffirmed a “buy” rating and set a $420.00 price objective on shares of CrowdStrike in a report on Wednesday, March 5th. Finally, Scotiabank reissued a “sector perform” rating on shares of CrowdStrike in a report on Wednesday, February 5th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $399.51.

CrowdStrike Stock Up 3.3 %

NASDAQ:CRWD opened at $375.05 on Thursday. 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 $92.96 billion, a PE ratio of 735.41, a price-to-earnings-growth ratio of 17.86 and a beta of 1.19. The company has a 50-day moving average of $386.06 and a 200 day moving average of $343.34. CrowdStrike Holdings, Inc. has a 1-year low of $200.81 and a 1-year high of $455.59.

Insider Transactions at CrowdStrike

In other news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $354.91, for a total value of $1,419,640.00. Following the transaction, the insider now directly owns 98,214 shares in the company, valued at approximately $34,857,130.74. This trade represents a 3.91 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Anurag Saha sold 1,863 shares of the company’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $358.46, for a total value of $667,810.98. Following the sale, the chief accounting officer now owns 41,059 shares of the company’s stock, valued at $14,718,009.14. This trade represents a 4.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 100,315 shares of company stock valued at $38,319,124. Company insiders own 4.34% of the company’s stock.

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.