Los Angeles Capital Management LLC Has $32.92 Million Stock Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Los Angeles Capital Management LLC lowered its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWDFree Report) by 17.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 102,694 shares of the company’s stock after selling 21,896 shares during the period. Los Angeles Capital Management LLC’s holdings in CrowdStrike were worth $32,923,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. CVA Family Office LLC bought a new position in shares of CrowdStrike in the fourth quarter valued at $26,000. Hexagon Capital Partners LLC acquired a new position in CrowdStrike during the 4th quarter valued at about $26,000. Silver Oak Securities Incorporated bought a new stake in CrowdStrike during the 3rd quarter worth approximately $27,000. Bear Mountain Capital Inc. purchased a new stake in shares of CrowdStrike in the fourth quarter worth approximately $27,000. Finally, Johnson Financial Group Inc. purchased a new position in shares of CrowdStrike during the fourth quarter valued at approximately $31,000. 71.16% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at CrowdStrike

In other news, CAO Anurag Saha sold 1,019 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $11,773,108.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other CrowdStrike news, CEO George Kurtz sold 78,080 shares of the firm’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 sale, the chief executive officer now owns 1,148,102 shares of the company’s stock, valued at approximately $375,176,771.56. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Anurag Saha sold 1,019 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $325.80, for a total transaction of $331,990.20. Following the completion of the transaction, the chief accounting officer now owns 36,136 shares in the company, valued at approximately $11,773,108.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 321,500 shares of company stock worth $102,952,345. 4.34% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on CRWD. Scotiabank reduced their target price on shares of CrowdStrike from $400.00 to $393.00 and set a “sector outperform” rating for the company in a research note on Wednesday, June 5th. KeyCorp decreased their price objective on shares of CrowdStrike from $430.00 to $376.00 and set an “overweight” rating for the company in a research note on Thursday, April 18th. Citigroup boosted their target price on CrowdStrike from $320.00 to $425.00 and gave the stock a “buy” rating in a research note on Thursday, March 7th. JPMorgan Chase & Co. increased their price target on CrowdStrike from $371.00 to $400.00 and gave the company an “overweight” rating in a research report on Wednesday, May 29th. Finally, FBN Securities raised CrowdStrike to a “strong-buy” rating in a research report on Wednesday, June 5th. One investment analyst has rated the stock with a hold rating, thirty-seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $380.62.

Read Our Latest Research Report on CrowdStrike

CrowdStrike Price Performance

CRWD traded down $0.92 during midday trading on Wednesday, hitting $389.51. The stock had a trading volume of 4,092,806 shares, compared to its average volume of 5,264,599. CrowdStrike Holdings, Inc. has a 1 year low of $139.37 and a 1 year high of $394.64. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.80 and a current ratio of 1.80. The business has a fifty day moving average of $328.36 and a 200 day moving average of $306.46. The company has a market cap of $94.79 billion, a P/E ratio of 734.94, a price-to-earnings-growth ratio of 19.51 and a beta of 1.08.

About CrowdStrike

(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.

See Also

Institutional Ownership by Quarter for CrowdStrike (NASDAQ:CRWD)

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