Mitsubishi UFJ Trust & Banking Corp Cuts Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Mitsubishi UFJ Trust & Banking Corp reduced its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 3.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 130,986 shares of the company’s stock after selling 5,102 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in CrowdStrike were worth $44,818,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in CRWD. Berbice Capital Management LLC purchased a new position in CrowdStrike during the fourth quarter valued at $27,000. Fortitude Family Office LLC increased its holdings in shares of 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 acquiring an additional 44 shares in the last quarter. FPC Investment Advisory Inc. raised its position in shares of CrowdStrike by 811.1% in the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock worth $28,000 after purchasing an additional 73 shares during the last quarter. Luken Investment Analytics LLC bought a new position in CrowdStrike in the 4th quarter worth about $34,000. Finally, Crowley Wealth Management Inc. purchased a new stake in CrowdStrike during the 4th quarter valued at about $34,000. 71.16% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CAO Anurag Saha sold 2,858 shares of the business’s stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $364.29, for a total value of $1,041,140.82. Following the sale, the chief accounting officer now directly owns 38,201 shares in the company, valued at approximately $13,916,242.29. The trade was a 6.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Sameer K. Gandhi sold 6,250 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $345.65, for a total value of $2,160,312.50. Following the transaction, the director now owns 811,842 shares of the company’s stock, valued at $280,613,187.30. This represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 113,659 shares of company stock worth $43,133,396 in the last 90 days. 4.34% of the stock is currently owned by corporate insiders.

CrowdStrike Price Performance

CRWD stock opened at $384.95 on Wednesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. The company’s fifty day moving average price is $387.90 and its 200-day moving average price is $347.04. CrowdStrike Holdings, Inc. has a one year low of $200.81 and a one year high of $455.59. The company has a market capitalization of $95.42 billion, a PE ratio of 754.82, a price-to-earnings-growth ratio of 17.86 and a beta of 1.19.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CRWD. BMO Capital Markets raised their price target on shares of CrowdStrike from $380.00 to $405.00 and gave the company an “outperform” rating in a research report on Wednesday, March 5th. Mizuho lifted their target price on CrowdStrike from $385.00 to $450.00 and gave the stock an “outperform” rating in a report on Wednesday, February 12th. Evercore ISI increased their price objective on CrowdStrike from $400.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday, March 5th. BTIG Research upgraded CrowdStrike from a “neutral” rating to a “buy” rating and set a $431.00 price objective for the company in a report on Tuesday. Finally, Oppenheimer raised their price target on shares of CrowdStrike from $365.00 to $410.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, CrowdStrike currently has an average rating of “Moderate Buy” and a consensus price target of $400.26.

CrowdStrike Company 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.