TCW Group Inc. Has $129.47 Million Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

TCW Group Inc. cut its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 29.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 461,632 shares of the company’s stock after selling 193,849 shares during the period. CrowdStrike accounts for about 1.1% of TCW Group Inc.’s investment portfolio, making the stock its 23rd biggest position. TCW Group Inc. owned approximately 0.19% of CrowdStrike worth $129,474,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of CRWD. Diversified Trust Co boosted its position in CrowdStrike by 1.1% in the 2nd quarter. Diversified Trust Co now owns 3,907 shares of the company’s stock valued at $1,497,000 after buying an additional 44 shares during the last quarter. Great Valley Advisor Group Inc. increased its position in CrowdStrike by 7.1% in the second quarter. Great Valley Advisor Group Inc. now owns 2,496 shares of the company’s stock worth $956,000 after purchasing an additional 166 shares during the period. V Square Quantitative Management LLC increased its position in CrowdStrike by 72.9% in the second quarter. V Square Quantitative Management LLC now owns 683 shares of the company’s stock worth $262,000 after purchasing an additional 288 shares during the period. ORG Partners LLC raised its holdings in CrowdStrike by 14,933.3% during the 2nd quarter. ORG Partners LLC now owns 902 shares of the company’s stock worth $354,000 after purchasing an additional 896 shares during the last quarter. Finally, PGGM Investments lifted its position in CrowdStrike by 6.0% during the 2nd quarter. PGGM Investments now owns 10,140 shares of the company’s stock valued at $3,886,000 after purchasing an additional 571 shares during the period. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on CRWD shares. Piper Sandler boosted their price target on shares of CrowdStrike from $290.00 to $375.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. Argus dropped their target price on shares of CrowdStrike from $400.00 to $325.00 and set a “buy” rating for the company in a research report on Friday, August 30th. Barclays raised their price target on CrowdStrike from $295.00 to $372.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Wells Fargo & Company upped their price objective on CrowdStrike from $350.00 to $400.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. Finally, Stifel Nicolaus increased their target price on CrowdStrike from $300.00 to $375.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. 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 given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $355.80.

CrowdStrike Stock Down 1.9 %

CRWD opened at $346.77 on Wednesday. The stock has a market cap 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. 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 stock’s fifty day simple moving average is $324.38 and its 200 day simple moving average is $313.39. CrowdStrike Holdings, Inc. has a 1-year low of $200.81 and a 1-year high of $398.33.

Insider Activity at CrowdStrike

In related news, insider Shawn Henry sold 4,500 shares of the stock in a transaction that occurred on 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 sale, the insider now owns 174,591 shares in the company, valued at approximately $45,521,111.43. This trade represents a 2.51 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $349.34, for a total value of $2,183,375.00. Following the completion of the transaction, the director now owns 809,266 shares in the company, valued at approximately $282,708,984.44. The trade was a 0.77 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 144,498 shares of company stock worth $45,116,385. Corporate insiders own 4.34% of the company’s stock.

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.