CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Sold by Delta Investment Management LLC

Delta Investment Management LLC decreased its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 1.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,296 shares of the company’s stock after selling 46 shares during the period. Delta Investment Management LLC’s holdings in CrowdStrike were worth $1,128,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Primoris Wealth Advisors LLC purchased a new position in shares of CrowdStrike in the fourth quarter worth approximately $2,166,000. Arcadia Investment Management Corp MI grew its position in CrowdStrike by 30.8% during the 4th quarter. Arcadia Investment Management Corp MI now owns 11,954 shares of the company’s stock worth $4,090,000 after purchasing an additional 2,814 shares in the last quarter. Greenleaf Trust raised its stake in CrowdStrike by 53.4% during the 4th quarter. Greenleaf Trust now owns 2,967 shares of the company’s stock valued at $1,015,000 after purchasing an additional 1,033 shares during the period. Trifecta Capital Advisors LLC lifted its holdings in shares of CrowdStrike by 2,140.3% in the fourth quarter. Trifecta Capital Advisors LLC now owns 8,961 shares of the company’s stock valued at $3,066,000 after purchasing an additional 8,561 shares in the last quarter. Finally, Fifth Third Bancorp lifted its holdings in shares of CrowdStrike by 42.6% in the fourth quarter. Fifth Third Bancorp now owns 44,609 shares of the company’s stock valued at $15,263,000 after purchasing an additional 13,323 shares in the last quarter. Institutional investors and hedge funds own 71.16% of the company’s stock.

CrowdStrike Price Performance

CrowdStrike stock opened at $444.35 on Tuesday. CrowdStrike Holdings, Inc. has a one year low of $200.81 and a one year high of $455.59. 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 business has a 50 day simple moving average of $387.79 and a 200 day simple moving average of $376.25. The company has a market capitalization of $110.14 billion, a PE ratio of 871.29, a price-to-earnings-growth ratio of 17.86 and a beta of 1.22.

Wall Street Analysts Forecast Growth

CRWD has been the topic of a number of research analyst reports. Jefferies Financial Group reiterated a “buy” rating on shares of CrowdStrike in a report on Wednesday, May 7th. Westpark Capital reaffirmed a “hold” rating on shares of CrowdStrike in a research note on Wednesday, March 5th. DA Davidson increased their price target 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. Guggenheim reaffirmed a “neutral” rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Finally, Evercore ISI upped their price objective on shares of CrowdStrike from $400.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $403.56.

Insider Buying and Selling

In related news, Director Sameer K. Gandhi sold 6,250 shares of the firm’s stock in a transaction dated 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 owns 768,092 shares in the company, valued at $248,984,702.72. This trade represents 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 at the SEC website. Also, insider Shawn Henry sold 4,500 shares of the business’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $353.00, for a total value of $1,588,500.00. Following the sale, the insider now directly owns 89,714 shares of the company’s stock, valued at $31,669,042. This represents a 4.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 185,431 shares of company stock worth $74,472,548 in the last quarter. 3.32% of the stock is owned by corporate insiders.

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.