Private Asset Management Inc. Sells 2,680 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Private Asset Management Inc. decreased its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 41.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,825 shares of the company’s stock after selling 2,680 shares during the quarter. Private Asset Management Inc.’s holdings in CrowdStrike were worth $562,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CRWD. Norges Bank acquired a new stake in CrowdStrike in the 4th quarter worth approximately $244,740,000. T. Rowe Price Investment Management Inc. boosted its position in CrowdStrike by 62.1% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,761,214 shares of the company’s stock worth $396,019,000 after purchasing an additional 1,440,905 shares in the last quarter. Renaissance Technologies LLC grew its stake in CrowdStrike by 87.8% in the 1st quarter. Renaissance Technologies LLC now owns 2,790,400 shares of the company’s stock valued at $383,010,000 after acquiring an additional 1,304,959 shares during the period. Clearbridge Investments LLC increased its stake in shares of CrowdStrike by 69.3% during the first quarter. Clearbridge Investments LLC now owns 2,310,859 shares of the company’s stock worth $524,750,000 after purchasing an additional 945,703 shares in the last quarter. Finally, Two Sigma Advisers LP lifted its position in shares of CrowdStrike by 163.8% in the fourth quarter. Two Sigma Advisers LP now owns 1,435,000 shares of the company’s stock valued at $151,091,000 after acquiring an additional 891,100 shares in the last quarter. 63.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on CRWD. BTIG Research upped their price objective on CrowdStrike from $188.00 to $192.00 and gave the company a “buy” rating in a report on Thursday, August 31st. Stephens reaffirmed an “overweight” rating and set a $200.00 target price on shares of CrowdStrike in a research note on Thursday, August 31st. KeyCorp began coverage on CrowdStrike in a report on Wednesday, June 14th. They set an “overweight” rating and a $200.00 target price for the company. The Goldman Sachs Group boosted their price target on shares of CrowdStrike from $159.00 to $167.00 in a report on Thursday, June 1st. Finally, BMO Capital Markets increased their price target on shares of CrowdStrike from $165.00 to $167.00 and gave the company an “outperform” rating in a research note on Thursday, August 31st. Five equities research analysts have rated the stock with a hold rating and thirty-six have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $182.85.

Insiders Place Their Bets

In other news, Director Roxanne S. Austin sold 20,000 shares of CrowdStrike stock in a transaction on Monday, July 17th. The shares were sold at an average price of $154.32, for a total transaction of $3,086,400.00. Following the transaction, the director now owns 37,656 shares in the company, valued at $5,811,073.92. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director Roxanne S. Austin sold 20,000 shares of the firm’s stock in a transaction on Monday, July 17th. The stock was sold at an average price of $154.32, for a total transaction of $3,086,400.00. Following the completion of the transaction, the director now directly owns 37,656 shares of the company’s stock, valued at approximately $5,811,073.92. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, President Michael Sentonas sold 10,551 shares of the company’s stock in a transaction dated Wednesday, June 21st. The shares were sold at an average price of $150.48, for a total value of $1,587,714.48. Following the completion of the sale, the president now owns 381,289 shares in the company, valued at approximately $57,376,368.72. The disclosure for this sale can be found here. Insiders have sold 342,479 shares of company stock valued at $51,344,648 in the last ninety days. 5.68% of the stock is currently owned by insiders.

CrowdStrike Trading Up 0.2 %

Shares of CrowdStrike stock traded up $0.28 on Thursday, hitting $168.75. The stock had a trading volume of 368,802 shares, compared to its average volume of 4,285,286. The stock has a 50 day moving average of $153.31 and a 200 day moving average of $142.54. The firm has a market capitalization of $40.01 billion, a P/E ratio of -410.90, a PEG ratio of 16.77 and a beta of 0.96. CrowdStrike Holdings, Inc. has a twelve month low of $92.25 and a twelve month high of $185.14. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.78 and a current ratio of 1.82.

CrowdStrike Company Profile

CrowdStrike Holdings, Inc provides cloud-delivered protection across endpoints and cloud workloads, identity, and data. It offers corporate workload security, security and vulnerability management, managed security services, IT operations management, threat intelligence services, identity protection, and log management.