Yousif Capital Management LLC Lowers Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Yousif Capital Management LLC decreased its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 11.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 27,778 shares of the company’s stock after selling 3,538 shares during the period. Yousif Capital Management LLC’s holdings in CrowdStrike were worth $9,505,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of CRWD. Empirical Asset Management LLC purchased a new position in CrowdStrike during the fourth quarter worth approximately $11,310,000. Beacon Financial Advisory LLC acquired a new position in shares of CrowdStrike during the 3rd quarter worth approximately $955,000. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of CrowdStrike by 10.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 846,189 shares of the company’s stock valued at $237,331,000 after buying an additional 78,305 shares in the last quarter. DekaBank Deutsche Girozentrale grew its stake in CrowdStrike by 0.7% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 439,865 shares of the company’s stock valued at $124,644,000 after acquiring an additional 2,863 shares during the period. Finally, Hemenway Trust Co LLC increased its holdings in CrowdStrike by 356.8% in the 3rd quarter. Hemenway Trust Co LLC now owns 6,852 shares of the company’s stock worth $1,922,000 after acquiring an additional 5,352 shares in the last quarter. Institutional investors and hedge funds own 71.16% of the company’s stock.

CrowdStrike Stock Up 2.4 %

Shares of NASDAQ:CRWD opened at $417.22 on Thursday. The firm has a market capitalization of $102.77 billion, a PE ratio of 818.09, a price-to-earnings-growth ratio of 21.13 and a beta of 1.16. CrowdStrike Holdings, Inc. has a 1 year low of $200.81 and a 1 year high of $419.39. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. The firm’s 50-day moving average is $364.15 and its two-hundred day moving average is $313.40.

Insider Activity at CrowdStrike

In other news, Director Gerhard Watzinger sold 30,000 shares of CrowdStrike stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $348.93, for a total value of $10,467,900.00. Following the completion of the transaction, the director now owns 42,391 shares in the company, valued at approximately $14,791,491.63. This trade represents a 41.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Anurag Saha sold 1,863 shares of the company’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 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 105,315 shares of company stock worth $37,321,176. Corporate insiders own 4.34% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on CRWD shares. Scotiabank increased their price objective on shares of CrowdStrike from $300.00 to $370.00 and gave the company a “sector perform” rating in a report on Tuesday, January 21st. Cantor Fitzgerald lifted their price objective on CrowdStrike from $350.00 to $370.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. JPMorgan Chase & Co. increased their target price on CrowdStrike from $372.00 to $418.00 and gave the company an “overweight” rating in a report on Monday, December 16th. Evercore ISI lifted their price target on CrowdStrike from $325.00 to $400.00 and gave the stock an “outperform” rating in a research note on Monday, November 25th. Finally, Needham & Company LLC boosted their price target on CrowdStrike from $360.00 to $420.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, CrowdStrike currently has a consensus rating of “Moderate Buy” and a consensus target price of $370.00.

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.