Westwood Holdings Group Inc. Reduces Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Westwood Holdings Group Inc. lowered its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 4.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 71,876 shares of the company’s stock after selling 3,277 shares during the quarter. Westwood Holdings Group Inc.’s holdings in CrowdStrike were worth $24,593,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Tybourne Capital Management HK Ltd. boosted its position in CrowdStrike by 52.7% in the 4th quarter. Tybourne Capital Management HK Ltd. now owns 5,942 shares of the company’s stock valued at $2,033,000 after buying an additional 2,050 shares during the period. State of Wyoming lifted its holdings in shares of CrowdStrike by 2,191.4% in the 4th quarter. State of Wyoming now owns 802 shares of the company’s stock worth $274,000 after buying an additional 767 shares during the period. Strive Asset Management LLC purchased a new stake in shares of CrowdStrike in the 4th quarter worth $870,000. Toronto Dominion Bank lifted its holdings in shares of CrowdStrike by 106.0% in the 4th quarter. Toronto Dominion Bank now owns 183,033 shares of the company’s stock worth $62,627,000 after buying an additional 94,197 shares during the period. Finally, Snowden Capital Advisors LLC lifted its holdings in shares of CrowdStrike by 13.8% in the 4th quarter. Snowden Capital Advisors LLC now owns 13,036 shares of the company’s stock worth $4,460,000 after buying an additional 1,578 shares during the period. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Insider Activity

In other news, CEO George Kurtz sold 55,556 shares of the business’s stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $447.54, for a total transaction of $24,863,532.24. Following the completion of the sale, the chief executive officer now owns 2,192,610 shares of the company’s stock, valued at $981,280,679.40. The trade was a 2.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Burt W. Podbere sold 16,000 shares of the business’s stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $436.88, for a total transaction of $6,990,080.00. Following the sale, the chief financial officer now directly owns 249,653 shares of the company’s stock, valued at $109,068,402.64. This represents a 6.02% decrease in their position. The disclosure for this sale can be found here. Insiders sold 185,431 shares of company stock worth $74,472,548 over the last three months. 3.32% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Stephens assumed coverage on shares of CrowdStrike in a research report on Tuesday, April 1st. They issued an “overweight” rating and a $450.00 price target for the company. Mizuho lowered CrowdStrike from an “outperform” rating to a “neutral” rating and set a $425.00 target price for the company. in a report on Thursday, May 15th. Royal Bank of Canada restated an “outperform” rating on shares of CrowdStrike in a research note on Wednesday, March 5th. Jefferies Financial Group reissued a “buy” rating on shares of CrowdStrike in a research report on Wednesday, May 7th. Finally, Wells Fargo & Company increased their price target on shares of CrowdStrike from $400.00 to $430.00 and gave the company an “overweight” rating in a research report on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $403.56.

CrowdStrike Price Performance

Shares of CrowdStrike stock opened at $444.35 on Tuesday. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. CrowdStrike Holdings, Inc. has a twelve month low of $200.81 and a twelve month high of $455.59. The business has a 50-day moving average price of $387.79 and a 200 day moving average price of $376.25. The firm has a market cap of $110.14 billion, a PE ratio of 871.29, a P/E/G ratio of 17.86 and a beta of 1.22.

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.