Vontobel Holding Ltd. Cuts Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Vontobel Holding Ltd. lowered its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 8.9% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 77,895 shares of the company’s stock after selling 7,569 shares during the period. Vontobel Holding Ltd.’s holdings in CrowdStrike were worth $26,653,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Jennison Associates LLC boosted its stake 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 last quarter. International Assets Investment Management LLC grew its holdings in shares of CrowdStrike by 17,926.3% in the third quarter. International Assets Investment Management LLC now owns 925,831 shares of the company’s stock worth $259,668,000 after acquiring an additional 920,695 shares during the period. Daiwa Securities Group Inc. grew its holdings in shares of CrowdStrike by 1,655.9% in the third quarter. Daiwa Securities Group Inc. now owns 755,951 shares of the company’s stock worth $212,021,000 after acquiring an additional 712,900 shares during the period. Assenagon Asset Management S.A. grew its holdings in shares of CrowdStrike by 248.6% in the third quarter. Assenagon Asset Management S.A. now owns 521,198 shares of the company’s stock worth $146,180,000 after acquiring an additional 371,695 shares during the period. Finally, State Street Corp grew its holdings in shares of CrowdStrike by 2.9% in the third quarter. State Street Corp now owns 9,630,776 shares of the company’s stock worth $2,701,144,000 after acquiring an additional 275,717 shares during the period. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on CRWD. Baird R W lowered CrowdStrike from a “strong-buy” rating to a “hold” rating in a report on Monday, February 3rd. Robert W. Baird reaffirmed a “neutral” rating and issued a $430.00 price objective (up previously from $390.00) on shares of CrowdStrike in a report on Monday, February 3rd. Morgan Stanley lifted their price objective on CrowdStrike from $325.00 to $355.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. JMP Securities reaffirmed a “market outperform” rating and issued a $400.00 price objective on shares of CrowdStrike in a report on Monday, November 4th. Finally, Bank of America lifted their price objective on CrowdStrike from $365.00 to $400.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $376.00.

Insiders Place Their Bets

In other CrowdStrike news, CAO Anurag Saha sold 1,863 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $358.46, for a total transaction of $667,810.98. Following the sale, the chief accounting officer now directly owns 41,059 shares of the company’s stock, valued at $14,718,009.14. The trade was a 4.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO George Kurtz sold 18,071 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $359.70, for a total value of $6,500,138.70. Following the transaction, the chief executive officer now directly owns 2,159,935 shares in the company, valued at approximately $776,928,619.50. This represents a 0.83 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 132,565 shares of company stock valued at $49,235,849 over the last ninety days. 4.34% of the stock is owned by insiders.

CrowdStrike Trading Down 0.4 %

Shares of NASDAQ CRWD opened at $451.74 on Friday. The business’s 50 day moving average is $374.98 and its two-hundred day moving average is $320.90. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. CrowdStrike Holdings, Inc. has a 1-year low of $200.81 and a 1-year high of $454.13. The stock has a market capitalization of $111.27 billion, a P/E ratio of 885.78, a PEG ratio of 17.22 and a beta of 1.16.

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.