Ellevest Inc. Sells 45 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Ellevest Inc. lessened its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 2.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,168 shares of the company’s stock after selling 45 shares during the quarter. Ellevest Inc.’s holdings in CrowdStrike were worth $742,000 as of its most recent SEC filing.

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

CrowdStrike Price Performance

Shares of NASDAQ:CRWD opened at $410.73 on Friday. The firm has a market cap of $101.81 billion, a PE ratio of 805.37, a price-to-earnings-growth ratio of 17.86 and a beta of 1.22. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week high of $455.59. The firm’s fifty day moving average is $376.01 and its 200-day moving average is $369.70. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86.

Analysts Set New Price Targets

Several equities research analysts have issued reports on CRWD shares. Royal Bank of Canada restated an “outperform” rating on shares of CrowdStrike in a report on Wednesday, March 5th. Scotiabank reissued a “sector perform” rating on shares of CrowdStrike in a research note on Wednesday, February 5th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $450.00 price target on shares of CrowdStrike in a research note on Thursday. DA Davidson increased their price objective on shares of CrowdStrike from $395.00 to $415.00 and gave the stock a “buy” rating in a research report on Wednesday, March 5th. Finally, UBS Group reduced their target price on shares of CrowdStrike from $450.00 to $425.00 and set a “buy” rating for the company in a research note on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirty have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $403.20.

Insiders Place Their Bets

In related news, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $324.16, for a total value of $2,026,000.00. Following the transaction, the director now directly owns 768,092 shares of the company’s stock, valued at $248,984,702.72. The trade was a 0.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Shawn Henry sold 4,500 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $353.00, for a total value of $1,588,500.00. Following the completion of the sale, the insider now 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. In the last three months, insiders have sold 206,551 shares of company stock valued at $83,604,814. 4.34% of the stock is currently owned by company 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.