GuoLine Advisory Pte Ltd Sells 28,500 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

GuoLine Advisory Pte Ltd lessened its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 34.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 53,600 shares of the company’s stock after selling 28,500 shares during the quarter. CrowdStrike makes up about 1.9% of GuoLine Advisory Pte Ltd’s portfolio, making the stock its 21st biggest position. GuoLine Advisory Pte Ltd’s holdings in CrowdStrike were worth $18,340,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. State Street Corp grew its stake in CrowdStrike by 2.9% in the third quarter. State Street Corp now owns 9,630,776 shares of the company’s stock valued at $2,701,144,000 after purchasing an additional 275,717 shares during the last quarter. Jennison Associates LLC grew its position in shares of CrowdStrike by 25.0% in the 3rd quarter. Jennison Associates LLC now owns 5,068,800 shares of the company’s stock worth $1,421,646,000 after buying an additional 1,013,161 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of CrowdStrike by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 4,893,457 shares of the company’s stock worth $1,367,505,000 after acquiring an additional 97,990 shares in the last quarter. Legal & General Group Plc lifted its position in CrowdStrike by 3.0% during the second quarter. Legal & General Group Plc now owns 2,049,704 shares of the company’s stock valued at $785,425,000 after acquiring an additional 60,607 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in CrowdStrike by 4.4% in the second quarter. Ameriprise Financial Inc. now owns 1,817,387 shares of the company’s stock valued at $696,471,000 after acquiring an additional 77,100 shares in the last quarter. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Gerhard Watzinger sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $348.93, for a total transaction of $10,467,900.00. Following the completion of the sale, the director now directly owns 42,391 shares in the company, valued at approximately $14,791,491.63. The trade was a 41.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Sameer K. Gandhi sold 5,036 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $320.48, for a total value of $1,613,937.28. Following the completion of the transaction, the director now owns 816,730 shares in the company, valued at $261,745,630.40. The trade was a 0.61 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 106,351 shares of company stock worth $37,515,473. Corporate insiders own 4.34% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on CRWD shares. Susquehanna increased their price objective on CrowdStrike from $310.00 to $400.00 and gave the company a “positive” rating in a report on Wednesday, November 27th. Evercore ISI increased their price target on CrowdStrike from $325.00 to $400.00 and gave the company an “outperform” rating in a research note on Monday, November 25th. Westpark Capital restated a “hold” rating on shares of CrowdStrike in a research note on Monday, November 25th. Wedbush set a $330.00 price objective on shares of CrowdStrike in a research report on Thursday, October 17th. Finally, BMO Capital Markets boosted their target price on shares of CrowdStrike from $315.00 to $380.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. One analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $365.88.

CrowdStrike Stock Up 1.9 %

CRWD opened at $348.04 on Wednesday. The company has a market cap of $85.73 billion, a PE ratio of 682.44, a price-to-earnings-growth ratio of 19.75 and a beta of 1.11. CrowdStrike Holdings, Inc. has a twelve month low of $200.81 and a twelve month high of $398.33. The company has a 50-day moving average price of $353.83 and a 200 day moving average price of $312.46. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24.

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.