Bank of New York Mellon Corp Sells 22,598 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Bank of New York Mellon Corp cut its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 1.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,632,328 shares of the company’s stock after selling 22,598 shares during the period. Bank of New York Mellon Corp owned approximately 0.66% of CrowdStrike worth $558,517,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Synergy Financial Group LTD lifted its stake in CrowdStrike by 4.1% in the fourth quarter. Synergy Financial Group LTD now owns 4,111 shares of the company’s stock valued at $1,407,000 after buying an additional 161 shares during the period. Trifecta Capital Advisors LLC increased its stake in shares of CrowdStrike by 2,140.3% in the 4th quarter. Trifecta Capital Advisors LLC now owns 8,961 shares of the company’s stock valued at $3,066,000 after acquiring an additional 8,561 shares in the last quarter. Prasad Wealth Partners LLC acquired a new position in shares of CrowdStrike during the 4th quarter valued at $640,000. Quartz Partners LLC boosted its stake in CrowdStrike by 18.5% during the fourth quarter. Quartz Partners LLC now owns 942 shares of the company’s stock worth $322,000 after acquiring an additional 147 shares in the last quarter. Finally, Rothschild Investment LLC grew its holdings in CrowdStrike by 169.5% in the fourth quarter. Rothschild Investment LLC now owns 221 shares of the company’s stock worth $76,000 after purchasing an additional 139 shares during the period. 71.16% of the stock is owned by institutional investors and hedge funds.

CrowdStrike Stock Performance

CrowdStrike stock opened at $379.75 on Wednesday. The firm’s 50 day simple moving average is $384.90 and its 200 day simple moving average is $333.10. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. CrowdStrike Holdings, Inc. has a 1-year low of $200.81 and a 1-year high of $455.59. The firm has a market capitalization of $93.54 billion, a PE ratio of 744.62, a price-to-earnings-growth ratio of 17.86 and a beta of 1.16.

Insider Transactions at CrowdStrike

In other news, CAO Anurag Saha sold 1,863 shares of CrowdStrike stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $358.46, for a total transaction of $667,810.98. Following the completion of the sale, the chief accounting officer now owns 41,059 shares in the company, valued at approximately $14,718,009.14. This trade represents a 4.34 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $450.67, for a total transaction of $1,802,680.00. Following the completion of the transaction, the insider now owns 94,214 shares in the company, valued at approximately $42,459,423.38. This trade represents a 4.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 136,565 shares of company stock valued at $51,038,529. 4.34% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

CRWD has been the topic of several research reports. The Goldman Sachs Group upped their price objective on shares of CrowdStrike from $372.00 to $415.00 and gave the company a “buy” rating in a report on Tuesday, December 24th. Needham & Company LLC increased their price target on CrowdStrike from $360.00 to $420.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. UBS Group downgraded CrowdStrike from a “buy” rating to a “cautious” rating in a report on Wednesday, February 5th. Baird R W cut CrowdStrike from a “strong-buy” rating to a “hold” rating in a report on Monday, February 3rd. Finally, Hsbc Global Res lowered shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-eight have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, CrowdStrike has a consensus rating of “Moderate Buy” and an average target price of $383.08.

CrowdStrike 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.