CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Sold by Sei Investments Co.

Sei Investments Co. reduced its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWDFree Report) by 20.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 173,796 shares of the company’s stock after selling 44,891 shares during the quarter. Sei Investments Co.’s holdings in CrowdStrike were worth $44,375,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of CrowdStrike by 1.0% during the third quarter. Vanguard Group Inc. now owns 14,717,715 shares of the company’s stock worth $2,463,451,000 after buying an additional 150,898 shares during the period. Jennison Associates LLC raised its holdings in shares of CrowdStrike by 33.2% during the fourth quarter. Jennison Associates LLC now owns 6,340,819 shares of the company’s stock worth $1,618,938,000 after purchasing an additional 1,581,796 shares during the last quarter. Morgan Stanley raised its holdings in shares of CrowdStrike by 124.4% during the third quarter. Morgan Stanley now owns 4,973,809 shares of the company’s stock worth $832,516,000 after purchasing an additional 2,757,251 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of CrowdStrike by 17.9% during the third quarter. Ameriprise Financial Inc. now owns 2,768,332 shares of the company’s stock worth $463,482,000 after purchasing an additional 419,619 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of CrowdStrike during the fourth quarter worth $683,336,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CRWD has been the subject of several recent research reports. Morgan Stanley raised their target price on shares of CrowdStrike from $372.00 to $422.00 and gave the stock an “overweight” rating in a report on Tuesday, May 28th. Royal Bank of Canada reissued an “outperform” rating and set a $420.00 target price on shares of CrowdStrike in a report on Wednesday, June 5th. Scotiabank cut their price objective on shares of CrowdStrike from $400.00 to $393.00 and set a “sector outperform” rating for the company in a report on Wednesday, June 5th. UBS Group lifted their price objective on shares of CrowdStrike from $385.00 to $430.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Finally, Susquehanna lifted their price objective on shares of CrowdStrike from $330.00 to $410.00 and gave the company a “positive” rating in a report 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $375.61.

Check Out Our Latest Report on CrowdStrike

Insider Buying and Selling

In other CrowdStrike news, CFO Burt W. Podbere sold 5,424 shares of the business’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $349.01, for a total value of $1,893,030.24. Following the transaction, the chief financial officer now directly owns 308,593 shares in the company, valued at approximately $107,702,042.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Burt W. Podbere sold 5,424 shares of the stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $349.01, for a total transaction of $1,893,030.24. Following the completion of the transaction, the chief financial officer now owns 308,593 shares of the company’s stock, valued at approximately $107,702,042.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Michael Sentonas sold 18,747 shares of the stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $325.80, for a total transaction of $6,107,772.60. Following the transaction, the president now directly owns 382,958 shares of the company’s stock, valued at approximately $124,767,716.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 317,000 shares of company stock worth $101,229,160. 4.34% of the stock is owned by insiders.

CrowdStrike Stock Performance

CRWD opened at $374.57 on Tuesday. The firm has a market capitalization of $90.60 billion, a PE ratio of 706.75, a PEG ratio of 17.44 and a beta of 1.08. CrowdStrike Holdings, Inc. has a twelve month low of $139.37 and a twelve month high of $384.98. The firm’s 50-day moving average price is $319.73 and its 200 day moving average price is $299.56. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.29.

CrowdStrike Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for CrowdStrike (NASDAQ:CRWD)

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