Securian Asset Management Inc. Lowers Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Securian Asset Management Inc. decreased its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 1.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 12,502 shares of the company’s stock after selling 224 shares during the period. Securian Asset Management Inc.’s holdings in CrowdStrike were worth $4,278,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Berbice Capital Management LLC bought a new stake in shares of CrowdStrike during the fourth quarter valued at approximately $27,000. Fortitude Family Office LLC lifted its position in CrowdStrike by 112.8% during the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock valued at $28,000 after buying an additional 44 shares during the period. FPC Investment Advisory Inc. boosted its holdings in shares of CrowdStrike by 811.1% during the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock valued at $28,000 after buying an additional 73 shares in the last quarter. Luken Investment Analytics LLC purchased a new stake in shares of CrowdStrike in the 4th quarter worth about $34,000. Finally, Ashton Thomas Securities LLC bought a new position in shares of CrowdStrike in the 3rd quarter worth about $38,000. Institutional investors own 71.16% of the company’s stock.

CrowdStrike Trading Up 5.2 %

Shares of NASDAQ:CRWD opened at $346.76 on Thursday. The stock has a 50 day moving average of $386.10 and a 200 day moving average of $340.26. The company has a market cap of $85.41 billion, a PE ratio of 679.93, a price-to-earnings-growth ratio of 17.86 and a beta of 1.19. CrowdStrike Holdings, Inc. has a 12-month low of $200.81 and a 12-month high of $455.59. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 1,863 shares of the firm’s 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 sale, the chief accounting officer now directly owns 41,059 shares of the company’s stock, valued at $14,718,009.14. This trade represents a 4.34 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Shawn Henry sold 4,500 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $368.14, for a total value of $1,656,630.00. Following the completion of the transaction, the insider now directly owns 115,798 shares of the company’s stock, valued at approximately $42,629,875.72. This trade represents a 3.74 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 100,315 shares of company stock valued at $38,387,254 over the last 90 days. 4.34% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on CRWD. DA Davidson upped their price objective on shares of CrowdStrike from $395.00 to $415.00 and gave the stock a “buy” rating in a report on Wednesday, March 5th. Canaccord Genuity Group boosted their price target on CrowdStrike from $370.00 to $420.00 and gave the stock a “buy” rating in a research report on Monday, March 3rd. Morgan Stanley reaffirmed an “overweight” rating on shares of CrowdStrike in a research report on Monday. Barclays dropped their target price on CrowdStrike from $506.00 to $475.00 and set an “overweight” rating on the stock in a report on Wednesday, March 5th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $440.00 price target on shares of CrowdStrike in a report on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, CrowdStrike currently has an average rating of “Moderate Buy” and a consensus price target of $398.78.

About CrowdStrike

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.