CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Stock Position Reduced by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC decreased its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 13.1% in the third quarter, Holdings Channel reports. The institutional investor owned 5,754 shares of the company’s stock after selling 870 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in CrowdStrike were worth $1,614,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of CRWD. Goldstream Capital Management Ltd boosted its position in CrowdStrike by 8.9% during the third quarter. Goldstream Capital Management Ltd now owns 27,018 shares of the company’s stock valued at $7,578,000 after purchasing an additional 2,203 shares during the last quarter. iA Global Asset Management Inc. raised its stake in shares of CrowdStrike by 4.7% during the 3rd quarter. iA Global Asset Management Inc. now owns 23,722 shares of the company’s stock worth $6,653,000 after purchasing an additional 1,062 shares in the last quarter. Insigneo Advisory Services LLC raised its stake in shares of CrowdStrike by 0.8% during the 3rd quarter. Insigneo Advisory Services LLC now owns 5,436 shares of the company’s stock worth $1,525,000 after purchasing an additional 45 shares in the last quarter. Kovitz Investment Group Partners LLC lifted its holdings in shares of CrowdStrike by 216.5% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 3,905 shares of the company’s stock valued at $1,095,000 after buying an additional 2,671 shares during the last quarter. Finally, Whale Rock Capital Management LLC bought a new stake in shares of CrowdStrike in the 3rd quarter valued at approximately $69,280,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on CRWD shares. Argus cut their price objective on shares of CrowdStrike from $400.00 to $325.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $330.00 price objective on shares of CrowdStrike in a research note on Monday, September 30th. Oppenheimer increased their target price on shares of CrowdStrike from $365.00 to $410.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft reduced their price target on CrowdStrike from $350.00 to $275.00 and set a “hold” rating for the company in a research report on Monday, August 26th. Finally, Sanford C. Bernstein decreased their price target on CrowdStrike from $334.00 to $327.00 and set an “outperform” rating for the company in a research note on Thursday, September 5th. One 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 company’s stock. Based on data from MarketBeat, CrowdStrike currently has an average rating of “Moderate Buy” and a consensus target price of $355.80.

Insider Buying and Selling

In other news, insider Shawn Henry sold 4,500 shares of the company’s 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 transaction, the insider now directly owns 174,591 shares in the company, valued at approximately $45,521,111.43. This represents a 2.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Anurag Saha sold 1,683 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $297.28, for a total transaction of $500,322.24. Following the completion of the sale, the chief accounting officer now directly owns 38,962 shares of the company’s stock, valued at approximately $11,582,623.36. This represents a 4.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 144,498 shares of company stock worth $45,116,385 in the last 90 days. Corporate insiders own 4.34% of the company’s stock.

CrowdStrike Price Performance

Shares of CRWD stock opened at $368.02 on Friday. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week high of $398.33. The stock has a market capitalization of $90.65 billion, a PE ratio of 721.61, a PEG ratio of 19.48 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 stock’s fifty day moving average is $330.62 and its 200-day moving average is $314.18.

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.