InTrack Investment Management Inc Trims Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

InTrack Investment Management Inc decreased its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 7.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,979 shares of the company’s stock after selling 315 shares during the quarter. InTrack Investment Management Inc’s holdings in CrowdStrike were worth $1,385,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in CRWD. Lake Street Private Wealth LLC grew its position in shares of CrowdStrike by 2.7% during the fourth quarter. Lake Street Private Wealth LLC now owns 15,450 shares of the company’s stock worth $5,286,000 after acquiring an additional 413 shares during the last quarter. Arthur M. Cohen & Associates LLC grew its position in CrowdStrike by 10.9% during the 4th quarter. Arthur M. Cohen & Associates LLC now owns 18,438 shares of the company’s stock worth $6,309,000 after purchasing an additional 1,811 shares during the last quarter. Brooklyn Investment Group grew its position in CrowdStrike by 3.6% during the 4th quarter. Brooklyn Investment Group now owns 1,604 shares of the company’s stock worth $549,000 after purchasing an additional 55 shares during the last quarter. Merit Financial Group LLC increased its stake in CrowdStrike by 192.4% in the fourth quarter. Merit Financial Group LLC now owns 3,371 shares of the company’s stock valued at $1,153,000 after purchasing an additional 2,218 shares during the period. Finally, Brand Asset Management Group Inc. purchased a new stake in shares of CrowdStrike in the fourth quarter valued at about $211,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

Insider Buying and Selling at CrowdStrike

In related news, insider Shawn Henry sold 4,500 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $368.14, for a total transaction of $1,656,630.00. Following the transaction, the insider now owns 115,798 shares of the company’s stock, valued at approximately $42,629,875.72. This represents a 3.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Sameer K. Gandhi sold 6,250 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $345.65, for a total transaction of $2,160,312.50. Following the sale, the director now owns 811,842 shares in the company, valued at approximately $280,613,187.30. This trade represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 110,351 shares of company stock worth $38,935,113. Corporate insiders own 4.34% of the company’s stock.

Wall Street Analyst Weigh In

CRWD has been the topic of a number of research reports. Hsbc Global Res lowered CrowdStrike from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 27th. Robert W. Baird lifted their target price on CrowdStrike from $375.00 to $390.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Morgan Stanley upped their price target on CrowdStrike from $325.00 to $355.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Oppenheimer lifted their price objective on shares of CrowdStrike from $365.00 to $410.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Finally, Needham & Company LLC upped their price objective on shares of CrowdStrike from $360.00 to $420.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. One 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $366.38.

CrowdStrike Stock Down 1.8 %

CRWD opened at $357.00 on Friday. The business’s fifty day simple moving average is $355.33 and its 200 day simple moving average is $313.16. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week high of $398.33. The firm has a market cap of $87.93 billion, a P/E ratio of 700.01, a PEG ratio of 18.55 and a beta of 1.14. 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 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.