Glynn Capital Management LLC Has $23.81 Million Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Glynn Capital Management LLC lessened its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 19.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 69,580 shares of the company’s stock after selling 16,680 shares during the period. CrowdStrike accounts for about 5.6% of Glynn Capital Management LLC’s portfolio, making the stock its 5th biggest position. Glynn Capital Management LLC’s holdings in CrowdStrike were worth $23,807,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. OneDigital Investment Advisors LLC lifted its position in CrowdStrike by 26.6% during the third quarter. OneDigital Investment Advisors LLC now owns 4,188 shares of the company’s stock worth $1,175,000 after purchasing an additional 881 shares during the period. Natixis Advisors LLC lifted its holdings in shares of CrowdStrike by 12.4% during the 3rd quarter. Natixis Advisors LLC now owns 39,798 shares of the company’s stock worth $11,162,000 after acquiring an additional 4,382 shares during the period. Claro Advisors LLC lifted its holdings in shares of CrowdStrike by 35.7% during the 3rd quarter. Claro Advisors LLC now owns 1,613 shares of the company’s stock worth $452,000 after acquiring an additional 424 shares during the period. Thrivent Financial for Lutherans boosted its position in shares of CrowdStrike by 120.6% during the 3rd quarter. Thrivent Financial for Lutherans now owns 89,282 shares of the company’s stock worth $25,041,000 after acquiring an additional 48,808 shares in the last quarter. Finally, Cassaday & Co Wealth Management LLC increased its stake in CrowdStrike by 23.6% in the third quarter. Cassaday & Co Wealth Management LLC now owns 1,094 shares of the company’s stock valued at $307,000 after acquiring an additional 209 shares during the last quarter. 71.16% of the stock is owned by institutional investors and hedge funds.

CrowdStrike Stock Down 0.5 %

CrowdStrike stock opened at $363.15 on Wednesday. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $89.45 billion, a PE ratio of 712.07, a PEG ratio of 17.86 and a beta of 1.19. The firm’s fifty day moving average is $385.73 and its 200 day moving average is $343.12. CrowdStrike Holdings, Inc. has a 12-month low of $200.81 and a 12-month high of $455.59.

Insider Activity

In other 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 completion of the sale, the chief accounting officer now owns 41,059 shares in the company, valued at $14,718,009.14. The trade was a 4.34 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $354.91, for a total value of $1,419,640.00. Following the completion of the transaction, the insider now owns 98,214 shares in the company, valued at approximately $34,857,130.74. This represents a 3.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 100,315 shares of company stock worth $38,319,124. Company insiders own 4.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CRWD. Susquehanna raised their target price on CrowdStrike from $400.00 to $425.00 and gave the company a “positive” rating in a report on Wednesday, March 5th. Evercore ISI raised their price objective on CrowdStrike from $400.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, March 5th. Wells Fargo & Company boosted their target price on CrowdStrike from $400.00 to $430.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 5th. Cantor Fitzgerald restated an “overweight” rating and issued a $440.00 price target on shares of CrowdStrike in a research note on Wednesday, March 5th. Finally, Morgan Stanley assumed coverage on shares of CrowdStrike in a research report on Tuesday. They set an “overweight” rating for the company. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $398.78.

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.