PFG Investments LLC Sells 464 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

PFG Investments LLC cut its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 20.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 1,838 shares of the company’s stock after selling 464 shares during the period. PFG Investments LLC’s holdings in CrowdStrike were worth $469,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in CRWD. Fiduciary Alliance LLC purchased a new position in shares of CrowdStrike in the fourth quarter worth approximately $1,629,000. Jamison Private Wealth Management Inc. boosted its holdings in shares of CrowdStrike by 11.1% in the fourth quarter. Jamison Private Wealth Management Inc. now owns 1,462 shares of the company’s stock worth $373,000 after buying an additional 146 shares during the last quarter. Oak Ridge Investments LLC purchased a new position in CrowdStrike during the fourth quarter valued at approximately $498,000. Kingswood Wealth Advisors LLC purchased a new position in CrowdStrike during the fourth quarter valued at approximately $555,000. Finally, Pacer Advisors Inc. boosted its position in shares of CrowdStrike by 30.4% in the fourth quarter. Pacer Advisors Inc. now owns 17,418 shares of the company’s stock worth $4,447,000 after purchasing an additional 4,064 shares during the period. 71.16% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CRWD. TD Cowen raised their price objective on shares of CrowdStrike from $340.00 to $400.00 and gave the company an “outperform” rating in a research report on Wednesday, March 6th. Truist Financial boosted their price objective on CrowdStrike from $350.00 to $400.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. HSBC upped their price objective on CrowdStrike from $411.00 to $412.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Royal Bank of Canada lifted their target price on CrowdStrike from $357.00 to $420.00 and gave the company an “outperform” rating in a research note on Wednesday, March 6th. Finally, Citigroup upped their price target on CrowdStrike from $320.00 to $425.00 and gave the stock a “buy” rating in a research note on Thursday, March 7th. One equities research analyst has rated the stock with a hold rating and thirty-seven have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $373.29.

Insider Activity at CrowdStrike

In related news, CAO Anurag Saha sold 1,019 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $325.80, for a total value of $331,990.20. Following the completion of the sale, the chief accounting officer now owns 36,136 shares in the company, valued at $11,773,108.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CAO Anurag Saha sold 1,019 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $325.80, for a total value of $331,990.20. Following the completion of the sale, the chief accounting officer now owns 36,136 shares in the company, valued at $11,773,108.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Shawn Henry sold 14,815 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $325.85, for a total value of $4,827,467.75. Following the completion of the sale, the insider now owns 235,850 shares of the company’s stock, valued at approximately $76,851,722.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 237,667 shares of company stock worth $72,822,280. Company insiders own 5.68% of the company’s stock.

CrowdStrike Stock Down 2.4 %

Shares of NASDAQ:CRWD opened at $322.25 on Thursday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.76 and a quick ratio of 1.76. The firm has a market capitalization of $77.94 billion, a PE ratio of 895.16, a price-to-earnings-growth ratio of 13.18 and a beta of 1.06. The business has a 50 day simple moving average of $314.16 and a two-hundred day simple moving average of $246.80. CrowdStrike Holdings, Inc. has a 1 year low of $115.67 and a 1 year high of $365.00.

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.