Benchmark Financial Wealth Advisors LLC Cuts Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Benchmark Financial Wealth Advisors LLC reduced its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 44.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 812 shares of the company’s stock after selling 648 shares during the period. Benchmark Financial Wealth Advisors LLC’s holdings in CrowdStrike were worth $278,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Berbice Capital Management LLC purchased a new stake in CrowdStrike during the 4th quarter worth approximately $27,000. Oakworth Capital Inc. bought a new stake in shares of CrowdStrike in the 3rd quarter worth about $28,000. Fortitude Family Office LLC raised its stake in shares of CrowdStrike by 112.8% in the 4th quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock valued at $28,000 after purchasing an additional 44 shares in the last quarter. Tsfg LLC lifted its position in shares of CrowdStrike by 593.3% during the third quarter. Tsfg LLC now owns 104 shares of the company’s stock worth $29,000 after purchasing an additional 89 shares during the last quarter. Finally, Castleview Partners LLC bought a new stake in CrowdStrike in the third quarter valued at about $32,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at CrowdStrike

In other news, CAO Anurag Saha sold 1,863 shares of CrowdStrike stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $358.46, for a total transaction of $667,810.98. Following the completion of the sale, the chief accounting officer now directly owns 41,059 shares in the company, valued at $14,718,009.14. The trade was a 4.34 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Shawn Henry sold 4,500 shares of the stock in a transaction that occurred 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 transaction, the insider now owns 115,798 shares in the company, valued at $42,629,875.72. This represents a 3.74 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 105,315 shares of company stock valued at $37,321,176 in the last 90 days. 4.34% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have commented on CRWD. Needham & Company LLC increased their target price on CrowdStrike from $360.00 to $420.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Morgan Stanley boosted their target price on shares of CrowdStrike from $325.00 to $355.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. HSBC lowered shares of CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 price target for the company. in a report on Wednesday, November 27th. BMO Capital Markets raised their target price on shares of CrowdStrike from $315.00 to $380.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Finally, Piper Sandler raised their price target on CrowdStrike from $290.00 to $375.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, CrowdStrike currently has an average rating of “Moderate Buy” and a consensus target price of $370.00.

CrowdStrike Stock Performance

Shares of CRWD stock opened at $417.22 on Thursday. The stock’s fifty day simple moving average is $364.15 and its 200-day simple moving average is $313.40. The company has a market capitalization of $102.77 billion, a price-to-earnings ratio of 818.09, a P/E/G ratio of 21.13 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 $419.39.

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.