Stonegate Investment Group LLC Sells 524 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Stonegate Investment Group LLC decreased its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 20.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 2,021 shares of the company’s stock after selling 524 shares during the quarter. Stonegate Investment Group LLC’s holdings in CrowdStrike were worth $692,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Synergy Financial Group LTD increased its stake in CrowdStrike by 0.8% during the 3rd quarter. Synergy Financial Group LTD now owns 3,950 shares of the company’s stock worth $1,108,000 after acquiring an additional 30 shares during the period. M3 Advisory Group LLC grew its holdings in shares of CrowdStrike by 2.8% during the 4th quarter. M3 Advisory Group LLC now owns 1,188 shares of the company’s stock worth $407,000 after purchasing an additional 32 shares in the last quarter. Meridian Financial Partners LLC increased its position in shares of CrowdStrike by 0.6% in the fourth quarter. Meridian Financial Partners LLC now owns 5,595 shares of the company’s stock worth $1,914,000 after purchasing an additional 33 shares during the period. Sunpointe LLC raised its stake in CrowdStrike by 3.1% in the third quarter. Sunpointe LLC now owns 1,131 shares of the company’s stock valued at $317,000 after purchasing an additional 34 shares in the last quarter. Finally, Hilltop Holdings Inc. lifted its position in CrowdStrike by 1.8% during the third quarter. Hilltop Holdings Inc. now owns 1,932 shares of the company’s stock worth $542,000 after purchasing an additional 34 shares during the period. Institutional investors and hedge funds own 71.16% of the company’s stock.

Insider Activity at CrowdStrike

In other news, Director Sameer K. Gandhi sold 5,036 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $320.48, for a total value of $1,613,937.28. Following the transaction, the director now owns 816,730 shares in the company, valued at $261,745,630.40. This trade represents a 0.61 % 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 hyperlink. Also, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $340.44, for a total value of $1,361,760.00. Following the sale, the insider now owns 120,298 shares of the company’s stock, valued at $40,954,251.12. This trade represents a 3.22 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 110,351 shares of company stock valued at $38,935,113. 4.34% of the stock is owned by company insiders.

CrowdStrike Trading Up 9.3 %

NASDAQ CRWD opened at $408.68 on Wednesday. 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 52 week low of $200.81 and a 52 week high of $411.30. The business has a 50 day moving average price of $359.26 and a 200-day moving average price of $311.39. The company has a market cap of $100.66 billion, a price-to-earnings ratio of 801.35, a P/E/G ratio of 20.07 and a beta of 1.14.

Analyst Ratings Changes

CRWD has been the subject of several analyst reports. CICC Research started coverage on shares of CrowdStrike in a research report on Monday, November 18th. They issued a “market perform” rating and a $295.00 target price for the company. Wedbush set a $330.00 price objective on shares of CrowdStrike in a research report on Thursday, October 17th. KeyCorp upped their target price on CrowdStrike from $345.00 to $395.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. Barclays lifted their price target on CrowdStrike from $295.00 to $372.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. Finally, Cantor Fitzgerald upped their price objective on CrowdStrike from $350.00 to $370.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $369.00.

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.