CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Stock Holdings Lessened by Artisan Partners Limited Partnership

Artisan Partners Limited Partnership lessened its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 26.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 509,252 shares of the company’s stock after selling 184,897 shares during the quarter. Artisan Partners Limited Partnership’s holdings in CrowdStrike were worth $174,246,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of CRWD. Fisher Asset Management LLC boosted its position in CrowdStrike by 17.9% during the 3rd quarter. Fisher Asset Management LLC now owns 2,230 shares of the company’s stock valued at $626,000 after purchasing an additional 339 shares during the period. Brown Brothers Harriman & Co. boosted its holdings in shares of CrowdStrike by 101.6% during the third quarter. Brown Brothers Harriman & Co. now owns 254 shares of the company’s stock valued at $71,000 after acquiring an additional 128 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of CrowdStrike by 19.3% during the third quarter. The Manufacturers Life Insurance Company now owns 159,034 shares of the company’s stock worth $44,604,000 after acquiring an additional 25,774 shares during the last quarter. D.A. Davidson & CO. increased its holdings in shares of CrowdStrike by 44.3% in the 3rd quarter. D.A. Davidson & CO. now owns 36,858 shares of the company’s stock worth $10,338,000 after acquiring an additional 11,310 shares during the period. Finally, Brooklyn Investment Group lifted its position in CrowdStrike by 13.1% in the 3rd quarter. Brooklyn Investment Group now owns 1,549 shares of the company’s stock valued at $434,000 after purchasing an additional 179 shares during the last quarter. Institutional investors and hedge funds own 71.16% of the company’s stock.

Insider Activity

In related news, CAO Anurag Saha sold 2,141 shares of CrowdStrike stock in a transaction on Monday, March 24th. The shares were sold at an average price of $371.79, for a total value of $796,002.39. Following the transaction, the chief accounting officer now owns 34,024 shares in the company, valued at $12,649,782.96. This trade represents a 5.92 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Shawn Henry sold 2,547 shares of the company’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $365.96, for a total transaction of $932,100.12. Following the sale, the insider now owns 82,071 shares of the company’s stock, valued at $30,034,703.16. This trade represents a 3.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 110,801 shares of company stock valued at $42,092,255 over the last 90 days. 4.34% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Rosenblatt Securities restated a “buy” rating and issued a $450.00 price target on shares of CrowdStrike in a research note on Wednesday, March 5th. Scotiabank reiterated a “sector perform” rating on shares of CrowdStrike in a research report on Wednesday, February 5th. Cantor Fitzgerald reissued an “overweight” rating and issued a $440.00 price target on shares of CrowdStrike in a research note on Wednesday, March 5th. Oppenheimer upped their price objective on shares of CrowdStrike from $365.00 to $410.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Finally, Susquehanna raised their target price on shares of CrowdStrike from $400.00 to $425.00 and gave the company a “positive” rating in a research note on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirty have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $400.26.

CrowdStrike Stock Performance

CRWD opened at $371.41 on Thursday. The stock has a 50-day moving average of $388.08 and a 200-day moving average of $347.22. 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 52-week low of $200.81 and a 52-week high of $455.59. The company has a market cap of $92.06 billion, a PE ratio of 728.27, a price-to-earnings-growth ratio of 17.86 and a beta of 1.19.

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.