Independent Solutions Wealth Management LLC Sells 28 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Independent Solutions Wealth Management LLC decreased its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 0.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,306 shares of the company’s stock after selling 28 shares during the quarter. Independent Solutions Wealth Management LLC’s holdings in CrowdStrike were worth $1,131,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. AllSquare Wealth Management LLC raised its position in shares of CrowdStrike by 88.5% in the 4th quarter. AllSquare Wealth Management LLC now owns 213 shares of the company’s stock valued at $73,000 after purchasing an additional 100 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its stake in shares of CrowdStrike by 6.3% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 10,375 shares of the company’s stock valued at $3,550,000 after buying an additional 611 shares during the last quarter. RWQ Financial Management Services Inc. acquired a new position in shares of CrowdStrike in the 4th quarter valued at $15,987,000. Monetta Financial Services Inc. acquired a new position in shares of CrowdStrike in the fourth quarter worth about $855,000. Finally, Whittier Trust Co. raised its holdings in CrowdStrike by 11.3% in the 4th quarter. Whittier Trust Co. now owns 24,472 shares of the company’s stock worth $8,373,000 after purchasing an additional 2,480 shares during the period. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Insider Buying and Selling at CrowdStrike

In related news, Director Sameer K. Gandhi sold 17,120 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $428.13, for a total transaction of $7,329,585.60. Following the sale, the director now directly owns 780,592 shares in the company, valued at approximately $334,194,852.96. This represents a 2.15 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Shawn Henry sold 4,500 shares of the stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $353.00, for a total transaction of $1,588,500.00. Following the completion of the sale, the insider now directly owns 89,714 shares in the company, valued at approximately $31,669,042. The trade was a 4.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 100,315 shares of company stock worth $38,319,124. Insiders own 4.34% of the company’s stock.

CrowdStrike Trading Down 1.6 %

NASDAQ:CRWD opened at $369.03 on Friday. CrowdStrike Holdings, Inc. has a 12 month low of $200.81 and a 12 month high of $455.59. The stock has a market capitalization of $91.47 billion, a price-to-earnings ratio of 723.60, a PEG ratio of 17.86 and a beta of 1.19. The firm has a fifty day simple moving average of $386.27 and a two-hundred day simple moving average of $343.52. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24.

Analyst Upgrades and Downgrades

CRWD has been the subject of a number of research reports. Rosenblatt Securities reaffirmed a “buy” rating and set a $450.00 target price on shares of CrowdStrike in a report on Wednesday, March 5th. Needham & Company LLC restated a “buy” rating and issued a $420.00 price objective on shares of CrowdStrike in a report on Wednesday, March 5th. Canaccord Genuity Group raised 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. JPMorgan Chase & Co. lifted their price objective on shares of CrowdStrike from $418.00 to $450.00 and gave the company an “overweight” rating in a report on Friday, February 28th. Finally, Raymond James downgraded CrowdStrike from an “outperform” rating to a “cautious” rating in a research report on Monday, March 10th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $399.51.

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.