Ieq Capital LLC Sells 13,783 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Ieq Capital LLC reduced its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 2.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 566,535 shares of the company’s stock after selling 13,783 shares during the quarter. CrowdStrike makes up about 1.9% of Ieq Capital LLC’s holdings, making the stock its 11th largest position. Ieq Capital LLC owned about 0.23% of CrowdStrike worth $193,846,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Emerald Advisors LLC bought a new stake in CrowdStrike during the fourth quarter worth $240,000. TBH Global Asset Management LLC raised its stake in shares of CrowdStrike by 5.0% in the fourth quarter. TBH Global Asset Management LLC now owns 1,407 shares of the company’s stock valued at $481,000 after buying an additional 67 shares during the period. Private Advisor Group LLC raised its stake in shares of CrowdStrike by 2.9% in the fourth quarter. Private Advisor Group LLC now owns 50,719 shares of the company’s stock valued at $17,354,000 after buying an additional 1,423 shares during the period. Global Retirement Partners LLC raised its stake in shares of CrowdStrike by 26.7% in the fourth quarter. Global Retirement Partners LLC now owns 9,492 shares of the company’s stock valued at $3,248,000 after buying an additional 1,999 shares during the period. Finally, Atlas Legacy Advisors LLC bought a new stake in shares of CrowdStrike in the fourth quarter valued at $211,000. 71.16% of the stock is currently owned by institutional investors.

CrowdStrike Stock Down 1.1 %

Shares of NASDAQ CRWD opened at $450.14 on Thursday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. The firm has a market capitalization of $110.87 billion, a price-to-earnings ratio of 882.64, a PEG ratio of 18.50 and a beta of 1.16. The stock has a 50 day moving average price of $382.58 and a 200 day moving average price of $327.63. CrowdStrike Holdings, Inc. has a 52-week low of $200.81 and a 52-week high of $455.59.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on CRWD shares. Wells Fargo & Company boosted their target price on CrowdStrike from $350.00 to $400.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. Cantor Fitzgerald upped their price objective on CrowdStrike from $350.00 to $370.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. Barclays boosted their target price on CrowdStrike from $295.00 to $372.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. Piper Sandler upped their price target on CrowdStrike from $290.00 to $375.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. Finally, Robert W. Baird restated a “neutral” rating and issued a $430.00 price target (up previously from $390.00) on shares of CrowdStrike in a research note on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $379.73.

Insider Activity at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,500 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $368.14, for a total transaction of $1,656,630.00. Following the completion of the sale, the insider now owns 115,798 shares in the company, valued at $42,629,875.72. This represents a 3.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Anurag Saha sold 1,863 shares of the company’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $358.46, for a total value of $667,810.98. Following the sale, the chief accounting officer now owns 41,059 shares of the company’s stock, valued at approximately $14,718,009.14. This represents a 4.34 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 136,565 shares of company stock worth $51,038,529. Company 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.