CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Sold by Sandy Spring Bank

Sandy Spring Bank lessened its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 24.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,280 shares of the company’s stock after selling 410 shares during the quarter. Sandy Spring Bank’s holdings in CrowdStrike were worth $438,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in CrowdStrike during the third quarter worth about $2,022,000. PNC Financial Services Group Inc. raised its stake in CrowdStrike by 41.2% during the third quarter. PNC Financial Services Group Inc. now owns 76,578 shares of the company’s stock worth $21,478,000 after acquiring an additional 22,361 shares during the period. Avior Wealth Management LLC raised its stake in CrowdStrike by 33.2% during the third quarter. Avior Wealth Management LLC now owns 1,046 shares of the company’s stock worth $293,000 after acquiring an additional 261 shares during the period. First Horizon Advisors Inc. raised its stake in CrowdStrike by 52.1% during the third quarter. First Horizon Advisors Inc. now owns 1,843 shares of the company’s stock worth $517,000 after acquiring an additional 631 shares during the period. Finally, Moors & Cabot Inc. raised its stake in CrowdStrike by 27.3% during the third quarter. Moors & Cabot Inc. now owns 3,868 shares of the company’s stock worth $1,085,000 after acquiring an additional 829 shares during the period. Institutional investors and hedge funds own 71.16% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Mizuho increased their price objective on shares of CrowdStrike from $385.00 to $450.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 12th. JPMorgan Chase & Co. increased their price objective on shares of CrowdStrike from $418.00 to $450.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. Hsbc Global Res lowered shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Morgan Stanley initiated coverage on shares of CrowdStrike in a research note on Tuesday. They issued an “overweight” rating on the stock. Finally, Westpark Capital restated a “hold” rating on shares of CrowdStrike in a research note on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $399.51.

CrowdStrike Stock Down 1.8 %

Shares of NASDAQ:CRWD opened at $362.24 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. The company has a market cap of $89.79 billion, a PE ratio of 710.29, a price-to-earnings-growth ratio of 17.86 and a beta of 1.19. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week high of $455.59. The firm has a 50 day simple moving average of $386.53 and a 200 day simple moving average of $344.11.

Insiders Place Their Bets

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

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.