Foundations Investment Advisors LLC Lowers Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Foundations Investment Advisors LLC reduced its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 7.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,053 shares of the company’s stock after selling 388 shares during the quarter. Foundations Investment Advisors LLC’s holdings in CrowdStrike were worth $1,729,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Empirical Asset Management LLC purchased a new stake in shares of CrowdStrike during the 4th quarter valued at about $11,310,000. Beacon Financial Advisory LLC purchased a new stake in shares of CrowdStrike during the third quarter valued at approximately $955,000. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of CrowdStrike by 10.2% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 846,189 shares of the company’s stock worth $237,331,000 after purchasing an additional 78,305 shares in the last quarter. Doliver Advisors LP boosted its stake in shares of CrowdStrike by 223.2% in the third quarter. Doliver Advisors LP now owns 6,754 shares of the company’s stock valued at $1,894,000 after purchasing an additional 4,664 shares during the period. Finally, DekaBank Deutsche Girozentrale grew its holdings in CrowdStrike by 0.7% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 439,865 shares of the company’s stock valued at $124,644,000 after purchasing an additional 2,863 shares in the last quarter. Institutional investors and hedge funds own 71.16% of the company’s stock.

Analysts Set New Price Targets

CRWD has been the topic of a number of analyst reports. KeyCorp lifted their target price on CrowdStrike from $345.00 to $395.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. BNP Paribas assumed coverage on CrowdStrike in a research report on Tuesday, October 8th. They issued a “neutral” rating and a $285.00 target price on the stock. Scotiabank raised their price target on shares of CrowdStrike from $300.00 to $370.00 and gave the stock a “sector perform” rating in a research report on Tuesday, January 21st. Robert W. Baird increased their price objective on shares of CrowdStrike from $375.00 to $390.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Finally, CICC Research started coverage on shares of CrowdStrike in a research note on Monday, November 18th. They issued a “market perform” rating and a $295.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have issued a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $369.00.

CrowdStrike Stock Up 9.3 %

Shares of NASDAQ CRWD opened at $408.68 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 business has a 50-day moving average of $359.26 and a 200-day moving average of $311.39. The firm has a market capitalization of $100.66 billion, a price-to-earnings ratio of 801.35, a PEG ratio of 20.07 and a beta of 1.14. CrowdStrike Holdings, Inc. has a 12 month low of $200.81 and a 12 month high of $411.30.

Insider Activity

In other news, Director Sameer K. Gandhi sold 5,036 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $320.48, for a total transaction of $1,613,937.28. Following the completion of the transaction, the director now directly owns 816,730 shares of the company’s stock, valued at approximately $261,745,630.40. This represents a 0.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Anurag Saha sold 1,863 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $358.46, for a total value of $667,810.98. Following the transaction, the chief accounting officer now directly owns 41,059 shares of the company’s stock, valued at $14,718,009.14. The trade was a 4.34 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 110,351 shares of company stock worth $38,935,113. 4.34% of the stock is currently owned by insiders.

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.