Independent Solutions Wealth Management LLC Decreases Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Independent Solutions Wealth Management LLC lessened its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 68.1% in the 3rd quarter, Holdings Channel.com reports. The fund owned 3,334 shares of the company’s stock after selling 7,132 shares during the quarter. Independent Solutions Wealth Management LLC’s holdings in CrowdStrike were worth $935,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in CRWD. Fifth Third Bancorp grew its position in shares of CrowdStrike by 57.2% in the second quarter. Fifth Third Bancorp now owns 5,568 shares of the company’s stock valued at $2,134,000 after purchasing an additional 2,025 shares in the last quarter. GYL Financial Synergies LLC acquired a new stake in CrowdStrike during the second quarter worth about $292,000. Geneos Wealth Management Inc. grew its stake in shares of CrowdStrike by 114.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 9,227 shares of the company’s stock valued at $3,536,000 after buying an additional 4,916 shares during the period. Secure Asset Management LLC increased its stake in CrowdStrike by 14.4% during the second quarter. Secure Asset Management LLC now owns 4,880 shares of the company’s stock worth $1,870,000 after acquiring an additional 615 shares during the last quarter. Finally, Premier Path Wealth Partners LLC raised its position in CrowdStrike by 45.8% in the second quarter. Premier Path Wealth Partners LLC now owns 1,502 shares of the company’s stock valued at $576,000 after purchasing an additional 472 shares during the period. Hedge funds and other institutional investors own 71.16% of the company’s stock.

CrowdStrike Price Performance

Shares of CRWD stock traded up $6.12 during mid-day trading on Thursday, hitting $355.30. 2,471,458 shares of the stock traded hands, compared to its average volume of 4,928,951. CrowdStrike Holdings, Inc. has a twelve month low of $200.81 and a twelve month high of $398.33. 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 company’s 50-day simple moving average is $335.33 and its 200-day simple moving average is $314.89. The firm has a market cap of $87.51 billion, a price-to-earnings ratio of 696.68, a price-to-earnings-growth ratio of 19.48 and a beta of 1.11.

Insider Buying and Selling

In other news, insider Shawn Henry sold 4,500 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $368.14, for a total value of $1,656,630.00. Following the completion of the sale, the insider now owns 115,798 shares of the company’s stock, valued at $42,629,875.72. This trade represents a 3.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction dated 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 sale, the director now owns 809,266 shares of the company’s stock, valued at approximately $282,708,984.44. This represents a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 144,498 shares of company stock valued at $45,599,730 over the last three months. Company insiders own 4.34% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on CRWD. Barclays boosted their price objective on shares of CrowdStrike from $295.00 to $372.00 and gave the company an “overweight” rating in a report on Monday, November 18th. TD Cowen cut their target price on CrowdStrike from $400.00 to $380.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. UBS Group reduced their price target on shares of CrowdStrike from $330.00 to $310.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. Argus reduced their target price on shares of CrowdStrike from $400.00 to $325.00 and set a “buy” rating on the stock in a report on Friday, August 30th. Finally, Evercore ISI increased their price target on CrowdStrike from $325.00 to $400.00 and gave the company an “outperform” rating in a research report on Monday, November 25th. One 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $361.25.

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.