Mandatum Life Insurance Co Ltd Decreases Stock Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Mandatum Life Insurance Co Ltd cut its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 30.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 661 shares of the company’s stock after selling 290 shares during the quarter. Mandatum Life Insurance Co Ltd’s holdings in CrowdStrike were worth $226,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Abich Financial Wealth Management LLC purchased a new stake in CrowdStrike in the 2nd quarter valued at $25,000. Oakworth Capital Inc. purchased a new stake in shares of CrowdStrike in the third quarter valued at about $28,000. Fortitude Family Office LLC increased its position in CrowdStrike by 112.8% during the fourth 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 last quarter. Tsfg LLC raised its stake in CrowdStrike by 593.3% during the third quarter. Tsfg LLC now owns 104 shares of the company’s stock worth $29,000 after purchasing an additional 89 shares during the period. Finally, Castleview Partners LLC acquired a new position in CrowdStrike in the 3rd quarter valued at about $32,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on CRWD shares. Needham & Company LLC raised their price target on shares of CrowdStrike from $360.00 to $420.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Citigroup lifted their target price on CrowdStrike from $400.00 to $420.00 and gave the company a “buy” rating in a research report on Friday. Cantor Fitzgerald increased their price target on CrowdStrike from $350.00 to $370.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. KeyCorp boosted their price objective on shares of CrowdStrike from $345.00 to $395.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. Finally, BNP Paribas started coverage on shares of CrowdStrike in a research note on Tuesday, October 8th. They set a “neutral” rating and a $285.00 target price for the company. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $366.38.

CrowdStrike Price Performance

CRWD stock opened at $357.00 on Monday. The business has a 50 day moving average price of $355.86 and a 200 day moving average price of $312.41. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. The stock has a market cap of $87.93 billion, a price-to-earnings ratio of 700.01, a PEG ratio of 18.55 and a beta of 1.14. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $398.33.

Insider Transactions at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $340.44, for a total transaction of $1,361,760.00. Following the transaction, the insider now owns 120,298 shares of the company’s stock, valued at $40,954,251.12. The trade was a 3.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Anurag Saha sold 1,863 shares of the stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $358.46, for a total value of $667,810.98. Following the completion of the sale, the chief accounting officer now directly owns 41,059 shares of the company’s stock, valued at $14,718,009.14. The trade was 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 110,351 shares of company stock worth $38,935,113. 4.34% of the stock is currently owned by insiders.

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.