Sfmg LLC Sells 699 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Sfmg LLC cut its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 46.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 798 shares of the company’s stock after selling 699 shares during the quarter. Sfmg LLC’s holdings in CrowdStrike were worth $224,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new stake in shares of CrowdStrike in the second quarter worth about $185,000. Swedbank AB raised its holdings in CrowdStrike by 5.3% during the 2nd quarter. Swedbank AB now owns 242,944 shares of the company’s stock worth $93,094,000 after buying an additional 12,208 shares during the period. Silver Lake Advisory LLC acquired a new stake in CrowdStrike during the 2nd quarter worth approximately $231,000. Miracle Mile Advisors LLC lifted its stake in CrowdStrike by 13.4% in the second quarter. Miracle Mile Advisors LLC now owns 1,701 shares of the company’s stock valued at $652,000 after buying an additional 201 shares in the last quarter. Finally, Blue Trust Inc. increased its position in shares of CrowdStrike by 37.5% during the second quarter. Blue Trust Inc. now owns 1,486 shares of the company’s stock worth $569,000 after acquiring an additional 405 shares in the last quarter. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently commented on CRWD. Bank of America boosted their price objective on shares of CrowdStrike from $365.00 to $400.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Evercore ISI upped their price objective on CrowdStrike from $325.00 to $400.00 and gave the stock an “outperform” rating in a research report on Monday, November 25th. Wells Fargo & Company lifted their target price on CrowdStrike from $350.00 to $400.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. Wedbush set a $330.00 price target on CrowdStrike in a research report on Thursday, October 17th. Finally, UBS Group lowered their price objective on shares of CrowdStrike from $330.00 to $310.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, CrowdStrike presently has an average rating of “Moderate Buy” and an average target price of $355.80.

CrowdStrike Trading Up 0.7 %

Shares of CRWD opened at $365.50 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. CrowdStrike Holdings, Inc. has a 52-week low of $200.81 and a 52-week high of $398.33. The firm has a market cap of $90.03 billion, a price-to-earnings ratio of 716.68, a PEG ratio of 19.48 and a beta of 1.11. The business’s fifty day moving average is $329.10 and its 200-day moving average is $314.07.

Insider Transactions at CrowdStrike

In related news, Director Gerhard Watzinger sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $348.93, for a total value of $10,467,900.00. Following the completion of the transaction, the director now owns 42,391 shares in the company, valued at $14,791,491.63. This trade represents a 41.44 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Sameer K. Gandhi sold 6,250 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $349.34, for a total transaction of $2,183,375.00. Following the sale, the director now directly owns 809,266 shares in the company, valued at $282,708,984.44. The trade was a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 144,498 shares of company stock valued at $45,116,385. 4.34% of the stock is currently owned by insiders.

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.