Banco BTG Pactual S.A. Cuts Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Banco BTG Pactual S.A. cut its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 47.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 7,692 shares of the company’s stock after selling 6,919 shares during the period. Banco BTG Pactual S.A.’s holdings in CrowdStrike were worth $2,672,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Ausdal Financial Partners Inc. lifted its position in CrowdStrike by 16.4% in the 4th quarter. Ausdal Financial Partners Inc. now owns 2,102 shares of the company’s stock valued at $719,000 after acquiring an additional 296 shares in the last quarter. Financial Engines Advisors L.L.C. bought a new position in shares of CrowdStrike during the fourth quarter valued at $284,000. Murphy & Mullick Capital Management Corp bought a new position in shares of CrowdStrike during the fourth quarter valued at $207,000. Florida Financial Advisors LLC bought a new stake in CrowdStrike in the 4th quarter worth about $333,000. Finally, Meiji Yasuda Asset Management Co Ltd. increased its holdings in CrowdStrike by 56.0% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 12,816 shares of the company’s stock worth $4,385,000 after buying an additional 4,599 shares in the last quarter. Institutional investors own 71.16% of the company’s stock.

Analyst Ratings Changes

CRWD has been the topic of a number of recent analyst reports. Rosenblatt Securities reaffirmed a “buy” rating and set a $450.00 price target on shares of CrowdStrike in a report on Wednesday, March 5th. BTIG Research upgraded shares of CrowdStrike from a “neutral” rating to a “buy” rating and set a $431.00 target price on the stock in a report on Tuesday. Royal Bank of Canada reiterated an “outperform” rating on shares of CrowdStrike in a research note on Wednesday, March 5th. The Goldman Sachs Group reissued a “buy” rating on shares of CrowdStrike in a report on Wednesday, March 5th. Finally, Robert W. Baird cut their price objective on CrowdStrike from $440.00 to $405.00 and set a “neutral” rating for the company in a report on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $400.26.

CrowdStrike Stock Performance

NASDAQ CRWD opened at $384.95 on Wednesday. The company has a market cap of $95.42 billion, a P/E ratio of 754.82, a P/E/G ratio of 17.86 and a beta of 1.19. The business’s 50 day moving average price is $387.90 and its 200-day moving average price is $347.04. 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 debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86.

Insider Activity

In related news, CAO Anurag Saha sold 2,858 shares of the firm’s stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $364.29, for a total transaction of $1,041,140.82. Following the completion of the sale, the chief accounting officer now directly owns 38,201 shares of the company’s stock, valued at approximately $13,916,242.29. This trade represents a 6.96 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Shawn Henry sold 2,547 shares of the company’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $365.96, for a total value of $932,100.12. Following the completion of the transaction, the insider now directly owns 82,071 shares in the company, valued at $30,034,703.16. This trade represents a 3.01 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 113,659 shares of company stock valued at $43,133,396. 4.34% of the stock is currently owned by company insiders.

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.