CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Stake Lowered by Primecap Management Co. CA

Primecap Management Co. CA cut its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 4.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 130,436 shares of the company’s stock after selling 6,100 shares during the quarter. Primecap Management Co. CA owned approximately 0.05% of CrowdStrike worth $44,630,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Axxcess Wealth Management LLC grew its holdings in shares of CrowdStrike by 44.3% during the fourth quarter. Axxcess Wealth Management LLC now owns 5,776 shares of the company’s stock valued at $1,976,000 after purchasing an additional 1,773 shares during the last quarter. Flagship Wealth Advisors LLC bought a new position in CrowdStrike in the 4th quarter worth approximately $349,000. TCTC Holdings LLC bought a new position in CrowdStrike in the 4th quarter worth approximately $45,000. Signaturefd LLC grew its holdings in CrowdStrike by 2.2% in the 4th quarter. Signaturefd LLC now owns 4,490 shares of the company’s stock worth $1,536,000 after buying an additional 98 shares in the last quarter. Finally, Cibc World Markets Corp grew its holdings in CrowdStrike by 15.0% in the 4th quarter. Cibc World Markets Corp now owns 41,911 shares of the company’s stock worth $14,340,000 after buying an additional 5,480 shares in the last quarter. 71.16% of the stock is owned by institutional investors.

CrowdStrike Trading Down 0.5 %

NASDAQ CRWD opened at $363.15 on Wednesday. CrowdStrike Holdings, Inc. has a 1-year low of $200.81 and a 1-year high of $455.59. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $89.45 billion, a PE ratio of 712.07, a price-to-earnings-growth ratio of 17.86 and a beta of 1.19. The firm’s fifty day simple moving average is $385.73 and its 200-day simple moving average is $343.12.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Rosenblatt Securities reissued a “buy” rating and issued a $450.00 price objective on shares of CrowdStrike in a report on Wednesday, March 5th. Cantor Fitzgerald reissued an “overweight” rating and issued a $440.00 price objective on shares of CrowdStrike in a report on Wednesday, March 5th. Royal Bank of Canada reissued an “outperform” rating on shares of CrowdStrike in a report on Wednesday, March 5th. Canaccord Genuity Group increased their price objective on CrowdStrike from $370.00 to $420.00 and gave the stock a “buy” rating in a report on Monday, March 3rd. Finally, Morgan Stanley began coverage on CrowdStrike in a research report on Tuesday. They issued an “overweight” rating for the company. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, CrowdStrike presently has an average rating of “Moderate Buy” and an average price target of $398.78.

Insider Transactions at CrowdStrike

In other CrowdStrike news, CEO George Kurtz sold 18,071 shares of the stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $359.70, for a total transaction of $6,500,138.70. Following the transaction, the chief executive officer now directly owns 2,159,935 shares of the company’s stock, valued at $776,928,619.50. This represents a 0.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Shawn Henry sold 4,500 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $353.00, for a total transaction of $1,588,500.00. Following the transaction, the insider now directly owns 89,714 shares in the company, valued at $31,669,042. The trade was a 4.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 100,315 shares of company stock valued at $38,319,124. 4.34% of the stock is owned by insiders.

CrowdStrike Profile

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.