TCW Group Inc. Sells 193,849 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

TCW Group Inc. trimmed its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 29.6% in the third quarter, Holdings Channel.com reports. The firm owned 461,632 shares of the company’s stock after selling 193,849 shares during the quarter. CrowdStrike comprises approximately 1.1% of TCW Group Inc.’s investment portfolio, making the stock its 23rd biggest position. TCW Group Inc.’s holdings in CrowdStrike were worth $129,474,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Abich Financial Wealth Management LLC bought a new position in shares of CrowdStrike in the 2nd quarter valued at $25,000. Family Firm Inc. acquired a new position in CrowdStrike in the 2nd quarter worth about $30,000. Itau Unibanco Holding S.A. acquired a new position in CrowdStrike in the 2nd quarter worth about $33,000. Unique Wealth Strategies LLC bought a new position in CrowdStrike in the second quarter valued at about $36,000. Finally, Hobbs Group Advisors LLC acquired a new stake in shares of CrowdStrike during the second quarter valued at about $38,000. Institutional investors own 71.16% of the company’s stock.

CrowdStrike Stock Performance

Shares of CRWD stock opened at $346.77 on Wednesday. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. The firm has a fifty day simple moving average of $324.38 and a two-hundred day simple moving average of $313.39. CrowdStrike Holdings, Inc. has a 12 month low of $200.81 and a 12 month high of $398.33. The firm has a market capitalization of $85.41 billion, a PE ratio of 679.94, a price-to-earnings-growth ratio of 19.63 and a beta of 1.11.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on CRWD shares. DA Davidson reaffirmed a “buy” rating and issued a $310.00 price objective on shares of CrowdStrike in a research note on Wednesday, September 18th. Sanford C. Bernstein decreased their price target on shares of CrowdStrike from $334.00 to $327.00 and set an “outperform” rating for the company in a research report on Thursday, September 5th. Cantor Fitzgerald raised their price target on shares of CrowdStrike from $350.00 to $370.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of CrowdStrike from $350.00 to $275.00 and set a “hold” rating on the stock in a research note on Monday, August 26th. Finally, Hsbc Global Res lowered CrowdStrike from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, CrowdStrike has a consensus rating of “Moderate Buy” and a consensus target price of $355.80.

Insider Transactions at CrowdStrike

In other news, insider Shawn Henry sold 4,500 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $260.73, for a total value of $1,173,285.00. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Sameer K. Gandhi sold 6,250 shares of the company’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $349.34, for a total value of $2,183,375.00. Following the sale, the director now owns 809,266 shares of the company’s stock, valued at $282,708,984.44. This trade represents a 0.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 144,498 shares of company stock valued at $45,116,385 over the last three months. Corporate insiders own 4.34% of the company’s stock.

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.