CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Sold by Executive Wealth Management LLC

Executive Wealth Management LLC trimmed its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 55.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,008 shares of the company’s stock after selling 1,257 shares during the period. Executive Wealth Management LLC’s holdings in CrowdStrike were worth $283,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Abich Financial Wealth Management LLC acquired a new position in CrowdStrike during the 2nd quarter valued at about $25,000. Family Firm Inc. acquired a new stake in shares of CrowdStrike in the 2nd quarter worth approximately $30,000. Itau Unibanco Holding S.A. acquired a new stake in shares of CrowdStrike in the 2nd quarter worth approximately $33,000. Unique Wealth Strategies LLC acquired a new stake in shares of CrowdStrike in the 2nd quarter worth approximately $36,000. Finally, Hobbs Group Advisors LLC acquired a new stake in shares of CrowdStrike in the 2nd quarter worth approximately $38,000. 71.16% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Shawn Henry sold 4,500 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $260.73, for a total transaction of $1,173,285.00. Following the completion of the sale, the insider now owns 174,591 shares in the company, valued at $45,521,111.43. This trade represents a 2.51 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Anurag Saha sold 1,683 shares of the stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $297.28, for a total transaction of $500,322.24. Following the sale, the chief accounting officer now owns 38,962 shares of the company’s stock, valued at $11,582,623.36. This trade represents a 4.14 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 144,498 shares of company stock worth $45,116,385. 4.34% of the stock is currently owned by corporate insiders.

CrowdStrike Trading Down 1.9 %

Shares of CRWD stock opened at $346.77 on Wednesday. CrowdStrike Holdings, Inc. has a 52-week low of $200.81 and a 52-week high of $398.33. The stock has a market cap of $85.41 billion, a price-to-earnings ratio of 679.94, a P/E/G ratio of 19.63 and a beta of 1.11. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. The firm has a fifty day moving average of $324.38 and a 200-day moving average of $313.39.

Analysts Set New Price Targets

A number of analysts have recently weighed in on CRWD shares. JMP Securities reaffirmed a “market outperform” rating and issued a $400.00 price target on shares of CrowdStrike in a research note on Monday, November 4th. CICC Research began coverage on shares of CrowdStrike in a report on Monday, November 18th. They issued a “market perform” rating and a $295.00 target price on the stock. BMO Capital Markets boosted their target price on shares of CrowdStrike from $315.00 to $380.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. The Goldman Sachs Group dropped their target price on shares of CrowdStrike from $400.00 to $295.00 and set a “buy” rating on the stock in a report on Thursday, August 15th. Finally, Oppenheimer boosted their target price on shares of CrowdStrike from $365.00 to $410.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $355.80.

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.