First Horizon Advisors Inc. Lowers Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

First Horizon Advisors Inc. cut its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 9.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,671 shares of the company’s stock after selling 172 shares during the quarter. First Horizon Advisors Inc.’s holdings in CrowdStrike were worth $572,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in CRWD. Berbice Capital Management LLC purchased a new stake in shares of CrowdStrike during the fourth quarter valued at about $27,000. Fortitude Family Office LLC lifted 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 stake in shares of CrowdStrike during the fourth quarter valued at about $34,000. Princeton Global Asset Management LLC lifted its position in shares of CrowdStrike by 240.0% during the third quarter. Princeton Global Asset Management LLC now owns 136 shares of the company’s stock valued at $38,000 after buying an additional 96 shares during the last quarter. Finally, Ashton Thomas Securities LLC purchased a new stake in shares of CrowdStrike during the third quarter valued at about $38,000. 71.16% of the stock is owned by hedge funds and other institutional investors.

CrowdStrike Trading Down 3.7 %

Shares of NASDAQ:CRWD opened at $391.72 on Tuesday. CrowdStrike Holdings, Inc. has a 1 year low of $200.81 and a 1 year high of $455.59. The firm has a market capitalization of $96.48 billion, a price-to-earnings ratio of 768.09, a price-to-earnings-growth ratio of 17.86 and a beta of 1.16. 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 business’s 50 day moving average price is $384.83 and its 200-day moving average price is $332.12.

Analyst Ratings Changes

Several analysts have commented on CRWD shares. Jefferies Financial Group increased their price target on shares of CrowdStrike from $415.00 to $450.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. The Goldman Sachs Group upped their price objective on shares of CrowdStrike from $372.00 to $415.00 and gave the company a “buy” rating in a report on Tuesday, December 24th. Morgan Stanley upped their price objective on shares of CrowdStrike from $390.00 to $429.00 and gave the company an “overweight” rating in a report on Wednesday, February 19th. Bank of America upped their price objective on shares of CrowdStrike from $365.00 to $400.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Finally, Baird R W downgraded shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a report on Monday, February 3rd. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-eight have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $383.08.

Insider Activity

In other news, Director Sameer K. Gandhi sold 6,250 shares of the 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 transaction, the director now owns 811,842 shares in the company, valued at $280,613,187.30. This trade represents a 0.76 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Shawn Henry sold 4,500 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $368.14, for a total value of $1,656,630.00. Following the transaction, the insider now owns 115,798 shares in the company, valued at $42,629,875.72. This trade represents a 3.74 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 136,565 shares of company stock worth $51,038,529 in the last quarter. Corporate 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.