Victory Capital Management Inc. Sells 16,888 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Victory Capital Management Inc. cut its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 7.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 201,806 shares of the company’s stock after selling 16,888 shares during the quarter. Victory Capital Management Inc. owned 0.08% of CrowdStrike worth $51,525,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of CRWD. Owen LaRue LLC increased its stake in shares of CrowdStrike by 1.6% in the fourth quarter. Owen LaRue LLC now owns 11,259 shares of the company’s stock valued at $2,875,000 after buying an additional 174 shares during the period. Hexagon Capital Partners LLC bought a new stake in CrowdStrike during the 4th quarter worth approximately $26,000. Thompson Davis & CO. Inc. acquired a new position in CrowdStrike in the 4th quarter valued at approximately $1,011,000. Savant Capital LLC raised its stake in shares of CrowdStrike by 32.6% during the fourth quarter. Savant Capital LLC now owns 1,705 shares of the company’s stock valued at $435,000 after acquiring an additional 419 shares during the last quarter. Finally, Alpha Cubed Investments LLC lifted its holdings in shares of CrowdStrike by 137.6% during the fourth quarter. Alpha Cubed Investments LLC now owns 36,734 shares of the company’s stock worth $9,379,000 after purchasing an additional 21,276 shares during the period. 71.16% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CRWD. JMP Securities increased their price objective on CrowdStrike from $330.00 to $400.00 and gave the company a “market outperform” rating in a report on Wednesday, March 6th. Scotiabank increased their price target on CrowdStrike from $320.00 to $400.00 and gave the company a “sector outperform” rating in a research note on Wednesday, March 6th. Wells Fargo & Company lifted their price objective on CrowdStrike from $315.00 to $380.00 and gave the stock an “overweight” rating in a research note on Monday, March 4th. Morgan Stanley increased their target price on shares of CrowdStrike from $304.00 to $372.00 and gave the company an “overweight” rating in a research report on Wednesday, March 13th. Finally, Needham & Company LLC boosted their price target on shares of CrowdStrike from $325.00 to $350.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. One equities research analyst has rated the stock with a hold rating and thirty-seven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $371.87.

CrowdStrike Stock Up 2.2 %

CRWD stock opened at $310.21 on Friday. The firm has a market capitalization of $75.03 billion, a PE ratio of 861.72, a P/E/G ratio of 12.41 and a beta of 1.08. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.32. CrowdStrike Holdings, Inc. has a twelve month low of $117.45 and a twelve month high of $365.00. The stock’s 50 day moving average is $313.47 and its 200-day moving average is $272.11.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings data on Tuesday, March 5th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.06. The business had revenue of $845.34 million for the quarter, compared to analysts’ expectations of $839.08 million. CrowdStrike had a return on equity of 6.09% and a net margin of 2.92%. Sell-side analysts expect that CrowdStrike Holdings, Inc. will post 1.12 EPS for the current fiscal year.

Insider Activity at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $308.79, for a total value of $1,235,160.00. Following the completion of the sale, the insider now directly owns 208,961 shares of the company’s stock, valued at approximately $64,525,067.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction on Monday, April 15th. The stock was sold at an average price of $308.79, for a total transaction of $1,235,160.00. Following the sale, the insider now directly owns 208,961 shares in the company, valued at $64,525,067.19. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO George Kurtz sold 78,080 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $326.78, for a total value of $25,514,982.40. Following the completion of the transaction, the chief executive officer now owns 1,148,102 shares of the company’s stock, valued at approximately $375,176,771.56. The disclosure for this sale can be found here. Insiders have sold 223,544 shares of company stock valued at $72,113,932 over the last ninety days. Corporate insiders own 5.68% of the company’s stock.

CrowdStrike Company 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.