Adero Partners LLC Sells 813 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Adero Partners LLC cut its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 9.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,586 shares of the company’s stock after selling 813 shares during the period. Adero Partners LLC’s holdings in CrowdStrike were worth $2,596,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Jennison Associates LLC boosted its position in shares of CrowdStrike by 25.0% during the 3rd quarter. Jennison Associates LLC now owns 5,068,800 shares of the company’s stock worth $1,421,646,000 after purchasing an additional 1,013,161 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in CrowdStrike by 17,926.3% in the third quarter. International Assets Investment Management LLC now owns 925,831 shares of the company’s stock worth $259,668,000 after acquiring an additional 920,695 shares in the last quarter. Daiwa Securities Group Inc. grew its stake in CrowdStrike by 1,655.9% in the third quarter. Daiwa Securities Group Inc. now owns 755,951 shares of the company’s stock valued at $212,021,000 after acquiring an additional 712,900 shares during the period. Assenagon Asset Management S.A. raised its position in shares of CrowdStrike by 248.6% during the third quarter. Assenagon Asset Management S.A. now owns 521,198 shares of the company’s stock worth $146,180,000 after purchasing an additional 371,695 shares during the period. Finally, State Street Corp lifted its holdings in shares of CrowdStrike by 2.9% in the 3rd quarter. State Street Corp now owns 9,630,776 shares of the company’s stock worth $2,701,144,000 after purchasing an additional 275,717 shares in the last quarter. 71.16% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 1,863 shares of CrowdStrike stock in a transaction dated 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 of the company’s stock, valued at $14,718,009.14. The trade was a 4.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $340.44, for a total value of $1,361,760.00. Following the transaction, the insider now owns 120,298 shares in the company, valued at $40,954,251.12. This trade represents a 3.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 105,315 shares of company stock valued at $37,321,176 in the last 90 days. Corporate insiders own 4.34% of the company’s stock.

CrowdStrike Trading Up 2.4 %

Shares of CRWD stock opened at $417.22 on Thursday. The company 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 52-week low of $200.81 and a 52-week high of $419.39. The business’s fifty day moving average is $364.15 and its 200 day moving average is $313.40. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Jefferies Financial Group boosted their price target on shares of CrowdStrike from $415.00 to $450.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Royal Bank of Canada boosted their target price on shares of CrowdStrike from $365.00 to $420.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. HSBC cut shares of CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 price target on the stock. in a research report on Wednesday, November 27th. Oppenheimer raised their target price on CrowdStrike from $365.00 to $410.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. Finally, The Goldman Sachs Group lifted their target price on CrowdStrike from $372.00 to $415.00 and gave the company a “buy” rating in a research report on Tuesday, December 24th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $370.00.

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.