NewEdge Wealth LLC Sells 312 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

NewEdge Wealth LLC lessened its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 6.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,286 shares of the company’s stock after selling 312 shares during the quarter. NewEdge Wealth LLC’s holdings in CrowdStrike were worth $1,466,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in CRWD. Mutual Advisors LLC increased its position in shares of CrowdStrike by 8.8% in the third quarter. Mutual Advisors LLC now owns 4,444 shares of the company’s stock valued at $1,353,000 after acquiring an additional 359 shares during the period. JFS Wealth Advisors LLC increased its position in CrowdStrike by 9.1% during the 3rd quarter. JFS Wealth Advisors LLC now owns 478 shares of the company’s stock valued at $134,000 after purchasing an additional 40 shares during the period. US Bancorp DE raised its holdings in CrowdStrike by 5.1% in the 3rd quarter. US Bancorp DE now owns 71,716 shares of the company’s stock worth $20,114,000 after purchasing an additional 3,509 shares in the last quarter. Focus Financial Network Inc. lifted its position in shares of CrowdStrike by 3.4% in the 3rd quarter. Focus Financial Network Inc. now owns 2,442 shares of the company’s stock worth $685,000 after purchasing an additional 81 shares during the period. Finally, Creative Financial Designs Inc. ADV boosted its stake in shares of CrowdStrike by 50.0% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 1,657 shares of the company’s stock valued at $465,000 after purchasing an additional 552 shares in the last quarter. 71.16% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CRWD has been the subject of several research analyst reports. HSBC lowered shares of CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 price objective for the company. in a report on Wednesday, November 27th. Barclays raised their price objective on CrowdStrike from $372.00 to $506.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. Wells Fargo & Company lifted their target price on shares of CrowdStrike from $350.00 to $400.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. Jefferies Financial Group boosted their price objective on shares of CrowdStrike from $415.00 to $450.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Finally, Truist Financial increased their target price on CrowdStrike from $385.00 to $460.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have given a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, CrowdStrike has an average rating of “Moderate Buy” and an average price target of $389.50.

CrowdStrike Price Performance

CrowdStrike stock opened at $389.66 on Friday. CrowdStrike Holdings, Inc. has a 52-week low of $200.81 and a 52-week high of $455.59. 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 firm’s fifty day moving average is $386.94 and its 200 day moving average is $335.50. The company has a market cap of $95.98 billion, a price-to-earnings ratio of 764.05, a PEG ratio of 17.86 and a beta of 1.16.

Insider Activity

In other CrowdStrike news, Director Sameer K. Gandhi sold 6,250 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $349.34, for a total transaction of $2,183,375.00. Following the sale, the director now directly owns 809,266 shares in the company, valued at $282,708,984.44. This represents a 0.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Anurag Saha sold 1,863 shares of CrowdStrike 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 of the company’s stock, valued at approximately $14,718,009.14. This trade represents a 4.34 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 106,565 shares of company stock worth $40,570,629. 4.34% of the stock is currently owned by corporate insiders.

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.