Goelzer Investment Management Inc. Lowers Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Goelzer Investment Management Inc. trimmed its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 1.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,612 shares of the company’s stock after selling 30 shares during the quarter. Goelzer Investment Management Inc.’s holdings in CrowdStrike were worth $552,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT boosted its position in shares of CrowdStrike by 133.3% during the 4th quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 14,000 shares of the company’s stock worth $4,790,000 after purchasing an additional 8,000 shares in the last quarter. Sachetta LLC boosted its holdings in CrowdStrike by 138.3% during the fourth quarter. Sachetta LLC now owns 143 shares of the company’s stock worth $49,000 after buying an additional 83 shares in the last quarter. Berbice Capital Management LLC acquired a new position in CrowdStrike during the fourth quarter worth about $27,000. Disciplined Equity Management Inc. increased its holdings in CrowdStrike by 1.6% in the fourth quarter. Disciplined Equity Management Inc. now owns 2,510 shares of the company’s stock valued at $859,000 after buying an additional 40 shares in the last quarter. Finally, RFG Advisory LLC lifted its position in shares of CrowdStrike by 2.9% during the 4th quarter. RFG Advisory LLC now owns 6,922 shares of the company’s stock valued at $2,368,000 after acquiring an additional 193 shares during the period. 71.16% of the stock is owned by hedge funds and other institutional investors.

CrowdStrike Price Performance

CRWD opened at $374.92 on Friday. The company has a 50 day moving average of $358.65 and a two-hundred day moving average of $312.32. CrowdStrike Holdings, Inc. has a 52-week low of $200.81 and a 52-week high of $398.33. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. The company has a market cap of $92.35 billion, a P/E ratio of 735.15, a P/E/G ratio of 20.07 and a beta of 1.14.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on CRWD shares. BMO Capital Markets upped their price target on CrowdStrike from $315.00 to $380.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Rosenblatt Securities raised their price target on CrowdStrike from $325.00 to $385.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Robert W. Baird lifted their price target on CrowdStrike from $375.00 to $390.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Evercore ISI increased their price objective on shares of CrowdStrike from $325.00 to $400.00 and gave the company an “outperform” rating in a research note on Monday, November 25th. Finally, Susquehanna lifted their target price on shares of CrowdStrike from $310.00 to $400.00 and gave the stock a “positive” rating in a research report on Wednesday, November 27th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have given a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, CrowdStrike presently has a consensus rating of “Moderate Buy” and a consensus price target of $369.00.

Insider Buying and Selling

In other CrowdStrike news, CAO Anurag Saha sold 1,863 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $358.46, for a total value of $667,810.98. Following the completion of the transaction, the chief accounting officer now owns 41,059 shares in the company, valued at $14,718,009.14. This represents a 4.34 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Michael Sentonas sold 10,801 shares of CrowdStrike stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $358.47, for a total transaction of $3,871,834.47. Following the sale, the president now owns 389,589 shares in the company, valued at $139,655,968.83. This represents a 2.70 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 110,351 shares of company stock valued at $38,935,113. Company insiders own 4.34% of the company’s stock.

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.