DDD Partners LLC Sells 138 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

DDD Partners LLC lowered its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 11.3% in the fourth quarter, Holdings Channel reports. The fund owned 1,081 shares of the company’s stock after selling 138 shares during the quarter. DDD Partners LLC’s holdings in CrowdStrike were worth $370,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Berbice Capital Management LLC acquired a new stake in CrowdStrike in the fourth quarter valued at approximately $27,000. Oakworth Capital Inc. bought a new position in shares of CrowdStrike in the 3rd quarter valued at $28,000. Fortitude Family Office LLC boosted its holdings in shares of CrowdStrike by 112.8% during the 4th quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock valued at $28,000 after acquiring an additional 44 shares in the last quarter. Castleview Partners LLC bought a new stake in CrowdStrike during the 3rd quarter worth $32,000. Finally, Luken Investment Analytics LLC bought a new position in CrowdStrike in the fourth quarter valued at about $34,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other CrowdStrike news, CAO Anurag Saha sold 1,863 shares of the company’s stock in a transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sameer K. Gandhi sold 17,120 shares of CrowdStrike stock in a transaction on Monday, February 10th. The stock was sold at an average price of $428.13, for a total value of $7,329,585.60. Following the sale, the director now owns 780,592 shares in the company, valued at $334,194,852.96. The trade was a 2.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 132,565 shares of company stock valued at $49,235,849. Corporate insiders own 4.34% of the company’s stock.

CrowdStrike Stock Performance

NASDAQ CRWD opened at $451.74 on Monday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. The company has a fifty day moving average price of $376.70 and a 200-day moving average price of $322.86. CrowdStrike Holdings, Inc. has a 1 year low of $200.81 and a 1 year high of $454.13. The firm has a market cap of $111.27 billion, a price-to-earnings ratio of 885.78, a PEG ratio of 17.22 and a beta of 1.16.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Piper Sandler boosted 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. Barclays boosted their target price on shares of CrowdStrike from $295.00 to $372.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. Morgan Stanley raised their price target 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. JMP Securities reissued a “market outperform” rating and issued a $400.00 price objective on shares of CrowdStrike in a research note on Monday, November 4th. Finally, The Goldman Sachs Group raised their target price on CrowdStrike from $372.00 to $415.00 and gave the stock a “buy” rating in a research report on Tuesday, December 24th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have given a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $376.00.

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.