Meeder Asset Management Inc. Reduces Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Meeder Asset Management Inc. decreased its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 25.0% in the fourth quarter, HoldingsChannel reports. The firm owned 99 shares of the company’s stock after selling 33 shares during the quarter. Meeder Asset Management Inc.’s holdings in CrowdStrike were worth $34,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Berbice Capital Management LLC purchased a new stake in CrowdStrike in the fourth quarter worth $27,000. Fortitude Family Office LLC lifted its position in shares of CrowdStrike by 112.8% in the 4th quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock worth $28,000 after purchasing an additional 44 shares during the period. FPC Investment Advisory Inc. boosted its stake in shares of 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 purchasing an additional 73 shares in the last quarter. Luken Investment Analytics LLC purchased a new position in shares of CrowdStrike during the fourth quarter valued at about $34,000. Finally, Crowley Wealth Management Inc. bought a new position in CrowdStrike in the fourth quarter worth about $34,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on CRWD shares. Westpark Capital reaffirmed a “hold” rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Royal Bank of Canada reaffirmed an “outperform” rating on shares of CrowdStrike in a research note on Wednesday, March 5th. Mizuho raised their price objective on CrowdStrike from $385.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday, February 12th. Needham & Company LLC reaffirmed a “buy” rating and issued a $420.00 target price on shares of CrowdStrike in a research report on Wednesday, March 5th. Finally, Jefferies Financial Group lowered their price target on shares of CrowdStrike from $425.00 to $410.00 and set a “buy” rating for the company in a research report on Monday. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, CrowdStrike presently has a consensus rating of “Moderate Buy” and a consensus price target of $400.88.

CrowdStrike Stock Up 2.5 %

NASDAQ CRWD opened at $371.49 on Thursday. The stock’s 50-day moving average price is $387.85 and its 200-day moving average price is $351.03. The company has a market capitalization of $92.08 billion, a P/E ratio of 728.43, a price-to-earnings-growth ratio of 17.86 and a beta of 1.19. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week high of $455.59.

Insiders Place Their Bets

In related news, insider Shawn Henry sold 4,000 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $450.67, for a total transaction of $1,802,680.00. Following the completion of the sale, the insider now owns 94,214 shares in the company, valued at approximately $42,459,423.38. This trade represents a 4.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Gerhard Watzinger sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $359.57, for a total value of $3,595,700.00. Following the completion of the transaction, the director now directly owns 62,891 shares in the company, valued at approximately $22,613,716.87. This represents a 13.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 114,551 shares of company stock worth $43,527,642. 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.