TCW Group Inc. Cuts Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

TCW Group Inc. trimmed its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 4.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 443,186 shares of the company’s stock after selling 18,446 shares during the quarter. CrowdStrike accounts for approximately 1.3% of TCW Group Inc.’s portfolio, making the stock its 15th largest holding. TCW Group Inc. owned about 0.18% of CrowdStrike worth $151,641,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Empirical Asset Management LLC purchased a new stake in shares of CrowdStrike during the 4th quarter valued at about $11,310,000. Beacon Financial Advisory LLC purchased a new stake in shares of CrowdStrike during the 3rd quarter valued at about $955,000. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of CrowdStrike by 10.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 846,189 shares of the company’s stock valued at $237,331,000 after buying an additional 78,305 shares during the period. DekaBank Deutsche Girozentrale raised its holdings in shares of CrowdStrike by 0.7% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 439,865 shares of the company’s stock valued at $124,644,000 after buying an additional 2,863 shares during the period. Finally, Hemenway Trust Co LLC raised its holdings in shares of CrowdStrike by 356.8% during the 3rd quarter. Hemenway Trust Co LLC now owns 6,852 shares of the company’s stock valued at $1,922,000 after buying an additional 5,352 shares during the period. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $354.91, for a total transaction of $1,419,640.00. Following the completion of the transaction, the insider now owns 98,214 shares in the company, valued at approximately $34,857,130.74. This trade represents a 3.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 value of $667,810.98. Following the transaction, the chief accounting officer now owns 41,059 shares of the company’s stock, valued at $14,718,009.14. The trade was a 4.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 136,565 shares of company stock worth $51,038,529 in the last quarter. Corporate insiders own 4.34% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on CRWD shares. Westpark Capital restated a “hold” rating on shares of CrowdStrike in a report on Monday, November 25th. Mizuho lifted their price objective on CrowdStrike from $385.00 to $450.00 and gave the stock an “outperform” rating in a report on Wednesday, February 12th. The Goldman Sachs Group lifted 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. Hsbc Global Res lowered CrowdStrike from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Finally, Royal Bank of Canada boosted their price objective on CrowdStrike from $365.00 to $420.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-eight have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $383.08.

CrowdStrike Price Performance

Shares of NASDAQ CRWD opened at $406.61 on Friday. The stock has a market capitalization of $100.15 billion, a price-to-earnings ratio of 797.30, a PEG ratio of 17.86 and a beta of 1.16. The business has a 50-day moving average of $384.76 and a 200-day moving average of $330.35. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $455.59.

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.