Wrapmanager Inc. Sells 919 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Wrapmanager Inc. lowered its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 34.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,714 shares of the company’s stock after selling 919 shares during the period. Wrapmanager Inc.’s holdings in CrowdStrike were worth $586,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in CRWD. Berbice Capital Management LLC bought a new stake in shares of CrowdStrike in the 4th quarter worth approximately $27,000. Fortitude Family Office LLC raised its stake in shares of CrowdStrike by 112.8% in the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock valued at $28,000 after purchasing an additional 44 shares in the last quarter. FPC Investment Advisory Inc. lifted its position in CrowdStrike by 811.1% in the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock worth $28,000 after purchasing an additional 73 shares during the period. Luken Investment Analytics LLC acquired a new stake in CrowdStrike during the fourth quarter worth $34,000. Finally, Princeton Global Asset Management LLC increased its holdings in CrowdStrike by 240.0% in the 3rd 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 period. 71.16% of the stock is owned by institutional investors and hedge funds.

CrowdStrike Price Performance

Shares of CRWD stock opened at $391.72 on Tuesday. 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 12-month low of $200.81 and a 12-month high of $455.59. The firm has a fifty day moving average of $384.83 and a 200-day moving average of $332.12. 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.

Analysts Set New Price Targets

Several analysts have recently weighed in on CRWD shares. Barclays lifted their target price on shares of CrowdStrike from $372.00 to $506.00 and gave the company an “overweight” rating in a research report on Friday. Jefferies Financial Group lifted their price objective on CrowdStrike from $415.00 to $450.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Bank of America increased their target price on CrowdStrike from $365.00 to $400.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. HSBC lowered CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 price target on the stock. in a research note on Wednesday, November 27th. Finally, Citigroup reiterated a “buy” rating on shares of CrowdStrike in a research note on Wednesday, February 5th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-eight have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $383.08.

Insiders Place Their Bets

In related news, CAO Anurag Saha sold 1,863 shares of the business’s stock in a transaction 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 sale, the chief accounting officer now directly owns 41,059 shares of the company’s stock, valued at approximately $14,718,009.14. The trade was a 4.34 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $450.67, for a total value of $1,802,680.00. Following the completion of the sale, the insider now directly owns 94,214 shares in the company, valued at $42,459,423.38. This represents a 4.07 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 136,565 shares of company stock worth $51,038,529. Corporate insiders own 4.34% of the company’s stock.

About CrowdStrike

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.