Kestra Investment Management LLC Reduces Stock Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Kestra Investment Management LLC lowered its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 59.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 854 shares of the company’s stock after selling 1,255 shares during the period. Kestra Investment Management LLC’s holdings in CrowdStrike were worth $292,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Berbice Capital Management LLC purchased a new position in shares of CrowdStrike during the fourth quarter worth approximately $27,000. Oakworth Capital Inc. purchased a new position in CrowdStrike during the 3rd quarter worth $28,000. Fortitude Family Office LLC increased its stake in CrowdStrike by 112.8% in the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock valued at $28,000 after purchasing an additional 44 shares during the period. Castleview Partners LLC purchased a new stake in shares of CrowdStrike in the third quarter valued at about $32,000. Finally, Luken Investment Analytics LLC acquired a new stake in shares of CrowdStrike during the fourth quarter worth about $34,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

Analyst Upgrades and Downgrades

CRWD has been the topic of several analyst reports. Scotiabank lifted their target price on shares of CrowdStrike from $300.00 to $370.00 and gave the company a “sector perform” rating in a report on Tuesday, January 21st. Morgan Stanley raised their price target on CrowdStrike from $390.00 to $429.00 and gave the company an “overweight” rating in a report on Wednesday. Wells Fargo & Company upped their price objective on CrowdStrike from $350.00 to $400.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. Robert W. Baird reissued a “neutral” rating and issued a $430.00 target price (up previously from $390.00) on shares of CrowdStrike in a report on Monday, February 3rd. Finally, The Goldman Sachs Group upped their price target on shares of CrowdStrike from $372.00 to $415.00 and gave the stock a “buy” rating in a research note on Tuesday, December 24th. 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 issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $379.73.

CrowdStrike Price Performance

CRWD opened at $450.14 on Thursday. CrowdStrike Holdings, Inc. has a 1 year low of $200.81 and a 1 year high of $455.59. The company’s 50 day simple moving average is $382.58 and its 200 day simple moving average is $327.63. The stock has a market capitalization of $110.87 billion, a PE ratio of 882.64, a P/E/G ratio of 18.50 and a beta of 1.16. 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 Buying and Selling at CrowdStrike

In related news, CEO George Kurtz sold 18,071 shares of the company’s stock in a transaction on 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 sale, the chief executive officer now directly owns 2,159,935 shares of the company’s stock, valued at approximately $776,928,619.50. This represents a 0.83 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gerhard Watzinger sold 30,000 shares of the firm’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $348.93, for a total value of $10,467,900.00. Following the completion of the transaction, the director now directly owns 42,391 shares in the company, valued at $14,791,491.63. This trade represents a 41.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 136,565 shares of company stock worth $51,038,529 in the last quarter. 4.34% of the stock is owned by insiders.

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.