CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Sold by Zacks Investment Management

Zacks Investment Management trimmed its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 97.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,311 shares of the company’s stock after selling 53,106 shares during the period. Zacks Investment Management’s holdings in CrowdStrike were worth $368,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in CRWD. Abich Financial Wealth Management LLC acquired a new stake in shares of CrowdStrike in the second quarter valued at $25,000. Oakworth Capital Inc. acquired a new position in shares of CrowdStrike during the 3rd quarter valued at about $28,000. Tsfg LLC increased its holdings in shares of CrowdStrike by 593.3% during the 3rd quarter. Tsfg LLC now owns 104 shares of the company’s stock valued at $29,000 after acquiring an additional 89 shares during the last quarter. Family Firm Inc. bought a new stake in CrowdStrike during the 2nd quarter valued at approximately $30,000. Finally, Castleview Partners LLC bought a new stake in shares of CrowdStrike in the 3rd quarter worth approximately $32,000. 71.16% of the stock is currently owned by institutional investors.

CrowdStrike Price Performance

Shares of NASDAQ CRWD opened at $346.77 on Wednesday. CrowdStrike Holdings, Inc. has a twelve month low of $200.81 and a twelve month high of $398.33. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. The stock’s 50 day moving average price is $324.38 and its 200-day moving average price is $313.39. The company has a market capitalization of $85.41 billion, a PE ratio of 679.95, a PEG ratio of 19.63 and a beta of 1.11.

Insider Activity at CrowdStrike

In other news, President Michael Sentonas sold 10,776 shares of the company’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $297.28, for a total value of $3,203,489.28. Following the transaction, the president now owns 400,390 shares of the company’s stock, valued at approximately $119,027,939.20. This represents a 2.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Shawn Henry sold 4,500 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $260.73, for a total transaction of $1,173,285.00. Following the completion of the transaction, the insider now directly owns 174,591 shares in the company, valued at approximately $45,521,111.43. The trade was a 2.51 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 144,498 shares of company stock worth $45,116,385. Insiders own 4.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on CRWD shares. Westpark Capital restated a “hold” rating on shares of CrowdStrike in a research report on Monday, November 25th. Deutsche Bank Aktiengesellschaft reduced their price objective on CrowdStrike from $350.00 to $275.00 and set a “hold” rating for the company in a research report on Monday, August 26th. BNP Paribas started coverage on CrowdStrike in a research note on Tuesday, October 8th. They issued a “neutral” rating and a $285.00 price objective on the stock. Bank of America increased their target price on CrowdStrike from $365.00 to $400.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Finally, TD Cowen lowered their price objective on CrowdStrike from $400.00 to $380.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. One analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $355.80.

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.