Doheny Asset Management CA Sells 700 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Doheny Asset Management CA cut its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 25.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,000 shares of the company’s stock after selling 700 shares during the period. Doheny Asset Management CA’s holdings in CrowdStrike were worth $684,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CRWD. Berbice Capital Management LLC purchased a new stake in CrowdStrike during the fourth quarter valued at approximately $27,000. Fortitude Family Office LLC raised its position in CrowdStrike by 112.8% during the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock valued at $28,000 after purchasing an additional 44 shares during the period. FPC Investment Advisory Inc. raised its position in CrowdStrike by 811.1% during the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock valued at $28,000 after purchasing an additional 73 shares during the period. Luken Investment Analytics LLC purchased a new stake in CrowdStrike during the fourth quarter valued at approximately $34,000. Finally, Legacy Bridge LLC raised its position in CrowdStrike by 976.9% during the third quarter. Legacy Bridge LLC now owns 140 shares of the company’s stock valued at $39,000 after purchasing an additional 127 shares during the period. 71.16% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Jefferies Financial Group decreased their price objective on CrowdStrike from $450.00 to $425.00 and set a “buy” rating on the stock in a research report on Wednesday, March 5th. Susquehanna increased their price target on CrowdStrike from $400.00 to $425.00 and gave the stock a “positive” rating in a report on Wednesday, March 5th. Hsbc Global Res downgraded CrowdStrike from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 27th. Robert W. Baird reduced their price target on CrowdStrike from $440.00 to $405.00 and set a “neutral” rating on the stock in a report on Wednesday, March 5th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $440.00 price target on shares of CrowdStrike in a report on Wednesday, March 5th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $398.78.

Insiders Place Their Bets

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $450.67, for a total transaction of $1,802,680.00. Following the completion of the sale, the insider now owns 94,214 shares of the company’s stock, valued at approximately $42,459,423.38. The trade was a 4.07 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Anurag Saha sold 1,863 shares of CrowdStrike stock in a transaction dated Monday, December 23rd. The shares were 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. In the last 90 days, insiders sold 100,315 shares of company stock valued at $38,387,254. 4.34% of the stock is owned by company insiders.

CrowdStrike Stock Up 6.4 %

CrowdStrike stock opened at $353.73 on Friday. The business has a fifty day moving average price of $385.70 and a 200-day moving average price of $340.82. CrowdStrike Holdings, Inc. has a 1-year low of $200.81 and a 1-year high of $455.59. 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 stock has a market capitalization of $87.13 billion, a price-to-earnings ratio of 693.60, a PEG ratio of 17.86 and a beta of 1.19.

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.