Canvas Wealth Advisors LLC Sells 154 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Canvas Wealth Advisors LLC reduced its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 1.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 9,379 shares of the company’s stock after selling 154 shares during the quarter. CrowdStrike comprises 0.8% of Canvas Wealth Advisors LLC’s portfolio, making the stock its 29th biggest holding. Canvas Wealth Advisors LLC’s holdings in CrowdStrike were worth $3,209,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Synergy Financial Group LTD boosted its holdings in CrowdStrike by 0.8% during the 3rd quarter. Synergy Financial Group LTD now owns 3,950 shares of the company’s stock valued at $1,108,000 after acquiring an additional 30 shares during the period. M3 Advisory Group LLC lifted its position in CrowdStrike by 2.8% in the fourth quarter. M3 Advisory Group LLC now owns 1,188 shares of the company’s stock valued at $407,000 after purchasing an additional 32 shares during the last quarter. Meridian Financial Partners LLC boosted its stake in shares of CrowdStrike by 0.6% during the fourth quarter. Meridian Financial Partners LLC now owns 5,595 shares of the company’s stock valued at $1,914,000 after purchasing an additional 33 shares during the period. First Affirmative Financial Network grew its holdings in shares of CrowdStrike by 4.2% in the fourth quarter. First Affirmative Financial Network now owns 811 shares of the company’s stock worth $278,000 after purchasing an additional 33 shares during the last quarter. Finally, Sunpointe LLC increased its stake in shares of CrowdStrike by 3.1% in the third quarter. Sunpointe LLC now owns 1,131 shares of the company’s stock worth $317,000 after buying an additional 34 shares during the period. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Insider Buying and Selling

In other CrowdStrike news, CAO Anurag Saha sold 1,863 shares of the firm’s stock in a transaction dated Monday, December 23rd. The stock was 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 approximately $14,718,009.14. This trade represents a 4.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $340.44, for a total transaction of $1,361,760.00. Following the sale, the insider now directly owns 120,298 shares of the company’s stock, valued at $40,954,251.12. The trade was a 3.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 111,565 shares of company stock valued at $39,898,614 over the last 90 days. Company insiders own 4.34% of the company’s stock.

CrowdStrike Price Performance

Shares of CRWD opened at $421.59 on Monday. The firm has a fifty day simple moving average of $368.52 and a two-hundred day simple moving average of $316.29. The firm has a market cap of $103.84 billion, a PE ratio of 826.66, a P/E/G ratio of 17.22 and a beta of 1.16. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. CrowdStrike Holdings, Inc. has a 1-year low of $200.81 and a 1-year high of $431.33.

Wall Street Analysts Forecast Growth

CRWD has been the topic of a number of recent analyst reports. Oppenheimer raised their price target on shares of CrowdStrike from $365.00 to $410.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Robert W. Baird reissued a “neutral” rating and issued a $430.00 target price (up from $390.00) on shares of CrowdStrike in a research note on Monday, February 3rd. Westpark Capital reaffirmed a “hold” rating on shares of CrowdStrike in a research report on Monday, November 25th. Jefferies Financial Group lifted their price objective on CrowdStrike from $415.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Finally, HSBC downgraded CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 target price for the company. in a report on Wednesday, November 27th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $370.00.

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.