Vanguard Capital Wealth Advisors Reduces Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Vanguard Capital Wealth Advisors lessened its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 15.4% in the first quarter, HoldingsChannel reports. The firm owned 1,100 shares of the company’s stock after selling 200 shares during the quarter. Vanguard Capital Wealth Advisors’ holdings in CrowdStrike were worth $353,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CRWD. Vanguard Group Inc. raised its holdings in CrowdStrike by 7.0% in the 4th quarter. Vanguard Group Inc. now owns 15,746,120 shares of the company’s stock valued at $4,020,299,000 after acquiring an additional 1,028,405 shares during the last quarter. Jennison Associates LLC boosted its position in shares of CrowdStrike by 33.2% in the fourth quarter. Jennison Associates LLC now owns 6,340,819 shares of the company’s stock worth $1,618,938,000 after acquiring an additional 1,581,796 shares during the last quarter. Morgan Stanley grew its holdings in CrowdStrike by 124.4% in the third quarter. Morgan Stanley now owns 4,973,809 shares of the company’s stock valued at $832,516,000 after purchasing an additional 2,757,251 shares during the period. Ameriprise Financial Inc. raised its stake in 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 period. Finally, Norges Bank acquired a new position in shares of CrowdStrike in the 4th quarter valued at $683,336,000. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at CrowdStrike

In other news, CEO George Kurtz sold 56,279 shares of the stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $304.41, for a total transaction of $17,131,890.39. Following the sale, the chief executive officer now directly owns 1,146,048 shares in the company, valued at approximately $348,868,471.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other CrowdStrike news, insider Shawn Henry sold 4,500 shares of the company’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $382.93, for a total value of $1,723,185.00. Following the completion of the transaction, the insider now owns 200,672 shares in the company, valued at approximately $76,843,328.96. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO George Kurtz sold 56,279 shares of CrowdStrike stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $304.41, for a total value of $17,131,890.39. Following the sale, the chief executive officer now directly owns 1,146,048 shares in the company, valued at approximately $348,868,471.68. The disclosure for this sale can be found here. Insiders sold a total of 273,675 shares of company stock worth $92,085,172 over the last ninety days. Company insiders own 4.34% of the company’s stock.

CrowdStrike Stock Performance

Shares of NASDAQ CRWD traded up $2.57 during midday trading on Friday, hitting $389.86. The company’s stock had a trading volume of 587,467 shares, compared to its average volume of 4,130,039. The firm has a market cap of $94.88 billion, a P/E ratio of 730.75, a P/E/G ratio of 19.04 and a beta of 1.08. CrowdStrike Holdings, Inc. has a 1-year low of $139.37 and a 1-year high of $394.64. The firm’s fifty day moving average price is $337.67 and its 200-day moving average price is $312.01. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.80 and a current ratio of 1.80.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CRWD. Scotiabank reduced their target price on CrowdStrike from $400.00 to $393.00 and set a “sector outperform” rating on the stock in a report on Wednesday, June 5th. Royal Bank of Canada reiterated an “outperform” rating and set a $420.00 price objective on shares of CrowdStrike in a research note on Wednesday, June 5th. Barclays increased their price objective on shares of CrowdStrike from $340.00 to $400.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 6th. Rosenblatt Securities lifted their target price on shares of CrowdStrike from $415.00 to $420.00 and gave the company a “buy” rating in a report on Wednesday, June 5th. Finally, Wells Fargo & Company increased their price target on CrowdStrike from $315.00 to $380.00 and gave the company an “overweight” rating in a report on Monday, March 4th. One investment analyst has rated the stock with a hold rating, thirty-seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $380.62.

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.