CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Sold by Zega Financial LLC

Zega Financial LLC reduced its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 3.9% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 3,060 shares of the company’s stock after selling 124 shares during the quarter. Zega Financial LLC’s holdings in CrowdStrike were worth $858,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in CRWD. Jennison Associates LLC raised its position in shares of CrowdStrike by 25.0% during the 3rd quarter. Jennison Associates LLC now owns 5,068,800 shares of the company’s stock valued at $1,421,646,000 after acquiring an additional 1,013,161 shares in the last quarter. International Assets Investment Management LLC increased its position in CrowdStrike by 17,926.3% in the third quarter. International Assets Investment Management LLC now owns 925,831 shares of the company’s stock worth $259,668,000 after buying an additional 920,695 shares during the period. Daiwa Securities Group Inc. increased its position in CrowdStrike by 1,655.9% in the third quarter. Daiwa Securities Group Inc. now owns 755,951 shares of the company’s stock worth $212,021,000 after buying an additional 712,900 shares during the period. Bank of New York Mellon Corp increased its position in CrowdStrike by 47.5% in the second quarter. Bank of New York Mellon Corp now owns 1,753,252 shares of the company’s stock worth $671,828,000 after buying an additional 564,662 shares during the period. Finally, Assenagon Asset Management S.A. increased its position in CrowdStrike by 248.6% in the third quarter. Assenagon Asset Management S.A. now owns 521,198 shares of the company’s stock worth $146,180,000 after buying an additional 371,695 shares during the period. 71.16% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at CrowdStrike

In other news, Director Sameer K. Gandhi sold 6,250 shares of the company’s stock in a transaction dated 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 completion of the sale, the director now owns 809,266 shares in the company, valued at approximately $282,708,984.44. This represents a 0.77 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Shawn Henry sold 4,500 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $260.73, for a total value of $1,173,285.00. Following the sale, the insider now owns 174,591 shares of the company’s stock, valued at approximately $45,521,111.43. This trade represents a 2.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 144,498 shares of company stock worth $45,116,385 over the last 90 days. 4.34% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on CRWD shares. Deutsche Bank Aktiengesellschaft dropped their target price on CrowdStrike from $350.00 to $275.00 and set a “hold” rating on the stock in a research report on Monday, August 26th. JMP Securities reissued a “market outperform” rating and issued a $400.00 price target on shares of CrowdStrike in a research note on Monday, November 4th. Evercore ISI increased their price target on CrowdStrike from $325.00 to $400.00 and gave the stock an “outperform” rating in a research note on Monday, November 25th. Raymond James decreased their price target on CrowdStrike from $380.00 to $275.00 and set an “outperform” rating for the company in a research note on Thursday, August 29th. Finally, Argus decreased their price target on CrowdStrike from $400.00 to $325.00 and set a “buy” rating for the company in a research note on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $355.80.

CrowdStrike Stock Performance

Shares of NASDAQ CRWD opened at $365.65 on Friday. The business’s 50-day moving average price is $321.32 and its two-hundred day moving average price is $313.67. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.90. CrowdStrike Holdings, Inc. has a one year low of $200.81 and a one year high of $398.33. The company has a market capitalization of $90.06 billion, a P/E ratio of 716.97, a price-to-earnings-growth ratio of 19.55 and a beta of 1.11.

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.