Beck Bode LLC Lowers Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Beck Bode LLC decreased its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 2.1% during the fourth quarter, Holdings Channel reports. The fund owned 44,421 shares of the company’s stock after selling 975 shares during the period. CrowdStrike makes up about 2.8% of Beck Bode LLC’s holdings, making the stock its 16th biggest holding. Beck Bode LLC’s holdings in CrowdStrike were worth $15,199,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. World Investment Advisors LLC grew its stake in shares of CrowdStrike by 24.7% in the third quarter. World Investment Advisors LLC now owns 2,514 shares of the company’s stock worth $705,000 after acquiring an additional 498 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in CrowdStrike in the 3rd quarter worth about $1,319,000. Peapack Gladstone Financial Corp purchased a new stake in CrowdStrike during the 3rd quarter valued at about $497,000. Versant Capital Management Inc increased its stake in CrowdStrike by 19.1% during the 4th quarter. Versant Capital Management Inc now owns 711 shares of the company’s stock valued at $243,000 after purchasing an additional 114 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in CrowdStrike by 83.4% in the fourth quarter. GAMMA Investing LLC now owns 2,146 shares of the company’s stock worth $734,000 after buying an additional 976 shares during the last quarter. Institutional investors own 71.16% of the company’s stock.

Insider Activity

In other news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $450.67, for a total value of $1,802,680.00. Following the transaction, the insider now directly owns 94,214 shares in the company, valued at approximately $42,459,423.38. This trade represents a 4.07 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Sameer K. Gandhi sold 6,250 shares of the company’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $412.39, for a total value of $2,577,437.50. Following the sale, the director now owns 805,592 shares of the company’s stock, valued at $332,218,084.88. This trade represents a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 139,125 shares of company stock worth $53,208,049. 4.34% of the stock is currently owned by corporate insiders.

CrowdStrike Trading Up 2.0 %

NASDAQ CRWD opened at $440.58 on Friday. The stock has a market cap of $109.21 billion, a PE ratio of 863.90, a PEG ratio of 17.86 and a beta of 1.22. The company’s 50-day moving average price is $371.78 and its 200-day moving average price is $365.95. CrowdStrike Holdings, Inc. has a 12 month low of $200.81 and a 12 month 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.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Scotiabank restated a “sector perform” rating on shares of CrowdStrike in a report on Wednesday, February 5th. Jefferies Financial Group dropped their price objective on CrowdStrike from $425.00 to $410.00 and set a “buy” rating on the stock in a research report on Monday, March 31st. JPMorgan Chase & Co. boosted their price objective on shares of CrowdStrike from $418.00 to $450.00 and gave the company an “overweight” rating in a report on Friday, February 28th. KeyCorp lowered their price target on CrowdStrike from $480.00 to $450.00 and set an “overweight” rating on the stock in a report on Wednesday, March 5th. Finally, Baird R W downgraded CrowdStrike from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 3rd. Two analysts have rated the stock with a sell rating, ten have given a hold rating, thirty have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $400.76.

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.