Griffin Asset Management Inc. Sells 139 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Griffin Asset Management Inc. cut its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 3.8% during the 4th quarter, HoldingsChannel reports. The fund owned 3,546 shares of the company’s stock after selling 139 shares during the quarter. Griffin Asset Management Inc.’s holdings in CrowdStrike were worth $1,213,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Jennison Associates LLC increased its holdings in CrowdStrike by 25.0% during the 3rd quarter. Jennison Associates LLC now owns 5,068,800 shares of the company’s stock valued at $1,421,646,000 after purchasing an additional 1,013,161 shares during the period. International Assets Investment Management LLC increased its stake in shares of CrowdStrike by 17,926.3% during the third quarter. International Assets Investment Management LLC now owns 925,831 shares of the company’s stock valued at $259,668,000 after purchasing an additional 920,695 shares in the last quarter. Daiwa Securities Group Inc. increased its position in CrowdStrike by 1,655.9% during the 3rd quarter. Daiwa Securities Group Inc. now owns 755,951 shares of the company’s stock valued at $212,021,000 after buying an additional 712,900 shares in the last quarter. Assenagon Asset Management S.A. raised its position in shares of CrowdStrike by 248.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 521,198 shares of the company’s stock worth $146,180,000 after purchasing an additional 371,695 shares during the last quarter. Finally, State Street Corp grew its holdings in shares of CrowdStrike by 2.9% during the third quarter. State Street Corp now owns 9,630,776 shares of the company’s stock valued at $2,701,144,000 after buying an additional 275,717 shares during the last quarter. 71.16% of the stock is owned by institutional investors.

CrowdStrike Trading Down 0.3 %

NASDAQ:CRWD opened at $373.75 on Tuesday. The stock has a market cap of $92.06 billion, a PE ratio of 732.86, a price-to-earnings-growth ratio of 20.07 and a beta of 1.14. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $398.33. 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 stock’s 50-day moving average is $358.65 and its two-hundred day moving average is $311.37.

Analysts Set New Price Targets

A number of analysts have recently commented on CRWD shares. Rosenblatt Securities lifted their price target on shares of CrowdStrike from $325.00 to $385.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. BNP Paribas started coverage on shares of CrowdStrike in a research report on Tuesday, October 8th. They issued a “neutral” rating and a $285.00 price target for the company. HSBC cut CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 price target on the stock. in a report on Wednesday, November 27th. Truist Financial increased their price objective on shares of CrowdStrike from $375.00 to $385.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. Finally, Morgan Stanley increased their price objective on shares of CrowdStrike from $325.00 to $355.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $369.00.

Insider Activity

In other CrowdStrike news, CAO Anurag Saha sold 1,863 shares of the stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $358.46, for a total transaction of $667,810.98. Following the transaction, the chief accounting officer now directly owns 41,059 shares of the company’s stock, valued at $14,718,009.14. This represents a 4.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Burt W. Podbere sold 11,217 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $358.14, for a total value of $4,017,256.38. Following the completion of the transaction, the chief financial officer now directly owns 290,711 shares in the company, valued at $104,115,237.54. The trade was a 3.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 110,351 shares of company stock worth $38,935,113 in the last three months. 4.34% of the stock is owned by 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.