Umpqua Bank Decreases Stock Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Umpqua Bank decreased its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 1.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,704 shares of the company’s stock after selling 93 shares during the period. Umpqua Bank’s holdings in CrowdStrike were worth $1,637,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CRWD. Berbice Capital Management LLC purchased a new position in CrowdStrike in the 4th quarter valued at $27,000. Fortitude Family Office LLC lifted its holdings in CrowdStrike by 112.8% in the 4th 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 holdings in CrowdStrike by 811.1% in the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock valued at $28,000 after purchasing an additional 73 shares in the last quarter. Luken Investment Analytics LLC purchased a new position in CrowdStrike in the 4th quarter valued at $34,000. Finally, Millstone Evans Group LLC purchased a new position in CrowdStrike in the 4th quarter valued at $34,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $440.00 target price on shares of CrowdStrike in a research note on Wednesday, March 5th. Bank of America raised their target price on CrowdStrike from $400.00 to $420.00 and gave the stock a “buy” rating in a research note on Wednesday, February 26th. Guggenheim reaffirmed a “neutral” rating on shares of CrowdStrike in a research note on Wednesday, March 5th. JPMorgan Chase & Co. raised their target price on CrowdStrike from $418.00 to $450.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. Finally, Scotiabank reissued a “sector perform” rating on shares of CrowdStrike in a research report on Wednesday, February 5th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, CrowdStrike presently has a consensus rating of “Moderate Buy” and a consensus target price of $399.51.

CrowdStrike Price Performance

CRWD stock opened at $362.24 on Friday. The business has a 50 day moving average price of $386.53 and a 200 day moving average price of $344.11. The stock has a market cap of $89.79 billion, a price-to-earnings ratio of 710.29, a PEG ratio of 17.86 and a beta of 1.19. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $455.59. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24.

Insiders Place Their Bets

In other news, insider Shawn Henry sold 4,500 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $353.00, for a total value of $1,588,500.00. Following the transaction, the insider now owns 89,714 shares of the company’s stock, valued at approximately $31,669,042. The trade was a 4.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Sameer K. Gandhi sold 6,250 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $345.65, for a total value of $2,160,312.50. Following the completion of the transaction, the director now directly owns 811,842 shares in the company, valued at approximately $280,613,187.30. The trade was a 0.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 100,315 shares of company stock valued at $38,319,124 over the last quarter. Company 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.