Mercer Global Advisors Inc. ADV Sells 4,642 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Mercer Global Advisors Inc. ADV decreased its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 18.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 20,831 shares of the company’s stock after selling 4,642 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in CrowdStrike were worth $7,127,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of CRWD. Vanguard Group Inc. raised its holdings in shares of CrowdStrike by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 21,926,011 shares of the company’s stock valued at $7,502,204,000 after acquiring an additional 342,294 shares in the last quarter. Jennison Associates LLC lifted its holdings in CrowdStrike by 6.9% in the fourth quarter. Jennison Associates LLC now owns 5,420,980 shares of the company’s stock worth $1,854,843,000 after buying an additional 352,180 shares during the period. Geode Capital Management LLC grew its holdings in shares of CrowdStrike by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 5,018,441 shares of the company’s stock worth $1,712,063,000 after acquiring an additional 124,984 shares during the period. Norges Bank bought a new stake in shares of CrowdStrike during the fourth quarter valued at approximately $1,111,542,000. Finally, Northern Trust Corp raised its holdings in CrowdStrike by 16.6% in the fourth quarter. Northern Trust Corp now owns 2,271,722 shares of the company’s stock worth $777,292,000 after purchasing an additional 324,136 shares in the last quarter. 71.16% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on CRWD shares. Truist Financial cut their price objective on shares of CrowdStrike from $460.00 to $450.00 and set a “buy” rating on the stock in a report on Monday, March 31st. Needham & Company LLC reissued a “buy” rating and issued a $420.00 target price on shares of CrowdStrike in a report on Wednesday, March 5th. UBS Group reduced their price target on CrowdStrike from $450.00 to $425.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. Jefferies Financial Group cut their price objective on shares of CrowdStrike from $425.00 to $410.00 and set a “buy” rating on the stock in a research report on Monday, March 31st. Finally, Susquehanna lifted their target price on shares of CrowdStrike from $400.00 to $425.00 and gave the stock a “positive” rating in a report on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirty have given a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, CrowdStrike presently has an average rating of “Moderate Buy” and a consensus target price of $400.76.

CrowdStrike Trading Up 2.0 %

CrowdStrike stock opened at $440.58 on Friday. CrowdStrike Holdings, Inc. has a 1 year low of $200.81 and a 1 year high of $455.59. The firm’s 50 day moving average price is $371.78 and its 200-day moving average price is $365.95. 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 cap of $109.21 billion, a P/E ratio of 863.90, a PEG ratio of 17.86 and a beta of 1.22.

Insider Buying and Selling at CrowdStrike

In related news, CAO Anurag Saha sold 1,496 shares of the company’s stock in a transaction on Friday, March 21st. The shares were sold at an average price of $358.62, for a total transaction of $536,495.52. Following the sale, the chief accounting officer now owns 36,165 shares of the company’s stock, valued at $12,969,492.30. This represents a 3.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $434.61, for a total transaction of $2,716,312.50. Following the completion of the transaction, the director now directly owns 761,842 shares of the company’s stock, valued at $331,104,151.62. The trade was a 0.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 139,125 shares of company stock worth $53,208,049. Insiders own 4.34% of the company’s stock.

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.