CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Stock Holdings Trimmed by SageView Advisory Group LLC

SageView Advisory Group LLC lessened its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 8.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,288 shares of the company’s stock after selling 125 shares during the period. SageView Advisory Group LLC’s holdings in CrowdStrike were worth $361,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Quantinno Capital Management LP raised its position in shares of CrowdStrike by 86.8% during the 3rd quarter. Quantinno Capital Management LP now owns 21,153 shares of the company’s stock valued at $5,933,000 after acquiring an additional 9,832 shares in the last quarter. RBF Capital LLC increased its stake in CrowdStrike by 66.7% during the third quarter. RBF Capital LLC now owns 10,000 shares of the company’s stock valued at $2,805,000 after purchasing an additional 4,000 shares during the last quarter. Royal London Asset Management Ltd. raised its holdings in shares of CrowdStrike by 5.3% during the third quarter. Royal London Asset Management Ltd. now owns 91,284 shares of the company’s stock worth $25,602,000 after purchasing an additional 4,632 shares during the period. Polymer Capital Management HK LTD lifted its position in shares of CrowdStrike by 238.4% in the 3rd quarter. Polymer Capital Management HK LTD now owns 2,707 shares of the company’s stock worth $759,000 after buying an additional 1,907 shares during the last quarter. Finally, Melqart Asset Management UK Ltd acquired a new position in shares of CrowdStrike in the 3rd quarter valued at about $4,025,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

CrowdStrike Stock Performance

Shares of CrowdStrike stock opened at $365.65 on Friday. CrowdStrike Holdings, Inc. has a 12 month low of $200.81 and a 12 month high of $398.33. The company has a quick ratio of 1.90, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. The stock has a market cap of $89.63 billion, a PE ratio of 716.97, a price-to-earnings-growth ratio of 18.78 and a beta of 1.11. The business has a fifty day simple moving average of $321.32 and a 200-day simple moving average of $313.67.

Insider Buying and Selling

In other CrowdStrike news, CAO Anurag Saha sold 1,683 shares of the company’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 value of $500,322.24. Following the transaction, the chief accounting officer now owns 38,962 shares in the company, valued at approximately $11,582,623.36. This represents a 4.14 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Shawn Henry sold 4,500 shares of CrowdStrike stock in a transaction 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 sale, the insider now directly owns 174,591 shares of the company’s stock, valued at $45,521,111.43. This trade represents a 2.51 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 144,498 shares of company stock valued at $45,116,385. Corporate insiders own 4.34% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on CRWD. Raymond James cut their target price on shares of CrowdStrike from $380.00 to $275.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. TD Cowen reduced their price objective on CrowdStrike from $400.00 to $380.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. Westpark Capital reaffirmed a “hold” rating on shares of CrowdStrike in a research report on Monday, November 25th. Canaccord Genuity Group reissued a “buy” rating and set a $330.00 price target on shares of CrowdStrike in a report on Monday, September 30th. Finally, Stifel Nicolaus increased their price objective on shares of CrowdStrike from $300.00 to $375.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. One analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $355.80.

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.