Sumitomo Mitsui Trust Group Inc. Lowers Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Sumitomo Mitsui Trust Group Inc. cut its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 3.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 815,452 shares of the company’s stock after selling 30,737 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in CrowdStrike were worth $279,015,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Berbice Capital Management LLC purchased a new stake in CrowdStrike in the fourth quarter worth about $27,000. Oakworth Capital Inc. bought a new stake in shares of CrowdStrike in the 3rd quarter worth approximately $28,000. Fortitude Family Office LLC grew its stake in shares of CrowdStrike by 112.8% in the 4th quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock worth $28,000 after buying an additional 44 shares during the last quarter. Tsfg LLC raised its stake in CrowdStrike by 593.3% during the third quarter. Tsfg LLC now owns 104 shares of the company’s stock valued at $29,000 after buying an additional 89 shares during the last quarter. Finally, Castleview Partners LLC bought a new stake in CrowdStrike in the third quarter worth $32,000. 71.16% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on CRWD shares. Baird R W downgraded CrowdStrike from a “strong-buy” rating to a “hold” rating in a report on Monday. Wedbush set a $330.00 target price on shares of CrowdStrike in a report on Thursday, October 17th. Susquehanna increased their price target on shares of CrowdStrike from $310.00 to $400.00 and gave the company a “positive” rating in a report on Wednesday, November 27th. The Goldman Sachs Group boosted their price objective on shares of CrowdStrike from $372.00 to $415.00 and gave the stock a “buy” rating in a report on Tuesday, December 24th. Finally, KeyCorp lifted their target price on CrowdStrike from $345.00 to $395.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $370.00.

CrowdStrike Stock Performance

NASDAQ:CRWD opened at $420.51 on Friday. The company has a market cap of $103.58 billion, a price-to-earnings ratio of 824.55, a PEG ratio of 21.13 and a beta of 1.16. CrowdStrike Holdings, Inc. has a 1 year low of $200.81 and a 1 year high of $421.63. The stock’s 50 day simple moving average is $365.55 and its two-hundred day simple moving average is $314.12. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86.

Insider Buying and Selling

In other news, CAO Anurag Saha sold 1,863 shares of the business’s stock in a transaction dated 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 in the company, valued at $14,718,009.14. The trade was a 4.34 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO George Kurtz sold 18,071 shares of the stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $359.70, for a total transaction of $6,500,138.70. Following the completion of the transaction, the chief executive officer now directly owns 2,159,935 shares of the company’s stock, valued at approximately $776,928,619.50. The trade was a 0.83 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 111,565 shares of company stock worth $39,898,614. 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.