Cascade Investment Group Inc. Reduces Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Cascade Investment Group Inc. lowered its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 3.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,220 shares of the company’s stock after selling 50 shares during the quarter. Cascade Investment Group Inc.’s holdings in CrowdStrike were worth $417,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA grew its holdings in shares of CrowdStrike by 18.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 4,532 shares of the company’s stock worth $1,737,000 after buying an additional 691 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in CrowdStrike by 54.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 286,183 shares of the company’s stock worth $109,670,000 after acquiring an additional 101,079 shares during the period. Mercer Global Advisors Inc. ADV raised its holdings in CrowdStrike by 35.3% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 16,186 shares of the company’s stock valued at $6,294,000 after acquiring an additional 4,222 shares during the last quarter. Bridges Investment Management Inc. purchased a new position in shares of CrowdStrike during the 2nd quarter worth $285,000. Finally, ASB Consultores LLC acquired a new stake in shares of CrowdStrike during the second quarter worth $202,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

CrowdStrike Stock Performance

Shares of CRWD stock opened at $357.00 on Friday. 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 stock has a market capitalization of $87.93 billion, a price-to-earnings ratio of 700.01, a PEG ratio of 18.55 and a beta of 1.14. CrowdStrike Holdings, Inc. has a one year low of $200.81 and a one year high of $398.33. The company’s 50-day simple moving average is $355.86 and its 200-day simple moving average is $312.41.

Analysts Set New Price Targets

Several research firms recently weighed in on CRWD. Robert W. Baird increased their target price on CrowdStrike from $375.00 to $390.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Westpark Capital reiterated a “hold” rating on shares of CrowdStrike in a report on Monday, November 25th. BMO Capital Markets raised their target price on shares of CrowdStrike from $315.00 to $380.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. JPMorgan Chase & Co. upped their price target on shares of CrowdStrike from $372.00 to $418.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. Finally, Oppenheimer lifted their price target on shares of CrowdStrike from $365.00 to $410.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. One 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’s stock. According to data from MarketBeat.com, CrowdStrike presently has a consensus rating of “Moderate Buy” and an average target price of $366.38.

Insiders Place Their Bets

In related news, insider Shawn Henry sold 4,500 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $368.14, for a total transaction of $1,656,630.00. Following the completion of the sale, the insider now owns 115,798 shares of the company’s stock, valued at $42,629,875.72. This represents a 3.74 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Anurag Saha sold 2,858 shares of the firm’s stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $364.29, for a total transaction of $1,041,140.82. Following the completion of the transaction, the chief accounting officer now directly owns 38,201 shares in the company, valued at $13,916,242.29. This represents a 6.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 110,351 shares of company stock valued at $38,935,113 in the last quarter. Insiders own 4.34% of the company’s stock.

About CrowdStrike

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.