Schmidt P J Investment Management Inc. Sells 70 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Schmidt P J Investment Management Inc. cut its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 7.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 820 shares of the company’s stock after selling 70 shares during the period. Schmidt P J Investment Management Inc.’s holdings in CrowdStrike were worth $281,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CRWD. Czech National Bank increased its stake in shares of CrowdStrike by 7.0% in the third quarter. Czech National Bank now owns 47,033 shares of the company’s stock valued at $13,191,000 after buying an additional 3,084 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of CrowdStrike by 77.0% during the third quarter. GAMMA Investing LLC now owns 1,170 shares of the company’s stock worth $328,000 after purchasing an additional 509 shares in the last quarter. Miracle Mile Advisors LLC increased its holdings in shares of CrowdStrike by 21.0% in the third quarter. Miracle Mile Advisors LLC now owns 2,058 shares of the company’s stock valued at $577,000 after purchasing an additional 357 shares in the last quarter. Fulton Bank N.A. lifted its holdings in CrowdStrike by 46.9% during the 3rd quarter. Fulton Bank N.A. now owns 2,143 shares of the company’s stock worth $601,000 after buying an additional 684 shares in the last quarter. Finally, Reliant Investment Management LLC increased its stake in shares of CrowdStrike by 3.6% in the 3rd quarter. Reliant Investment Management LLC now owns 18,178 shares of the company’s stock valued at $5,098,000 after buying an additional 625 shares during the period. 71.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CRWD has been the subject of several analyst reports. Robert W. Baird reiterated a “neutral” rating and set a $430.00 price target (up previously from $390.00) on shares of CrowdStrike in a research report on Monday. Scotiabank boosted their target price on CrowdStrike from $300.00 to $370.00 and gave the company a “sector perform” rating in a research note on Tuesday, January 21st. Citigroup raised their price target on CrowdStrike from $400.00 to $420.00 and gave the stock a “buy” rating in a research report on Friday, January 17th. Piper Sandler increased their target price on CrowdStrike from $290.00 to $375.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. Finally, Stifel Nicolaus upped their price target on shares of CrowdStrike from $375.00 to $400.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, CrowdStrike presently has a consensus rating of “Moderate Buy” and a consensus price target of $370.00.

CrowdStrike Price Performance

CRWD stock opened at $417.22 on Thursday. CrowdStrike Holdings, Inc. has a 1 year low of $200.81 and a 1 year high of $419.39. 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 $102.77 billion, a price-to-earnings ratio of 818.09, a P/E/G ratio of 21.13 and a beta of 1.16. The company has a 50 day simple moving average of $364.15 and a 200 day simple moving average of $313.40.

Insiders Place Their Bets

In related news, Director Gerhard Watzinger sold 30,000 shares of CrowdStrike stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $348.93, for a total transaction of $10,467,900.00. Following the sale, the director now directly owns 42,391 shares in the company, valued at $14,791,491.63. This trade represents a 41.44 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $354.91, for a total transaction of $1,419,640.00. Following the completion of the transaction, the insider now owns 98,214 shares of the company’s stock, valued at approximately $34,857,130.74. This trade represents a 3.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 105,315 shares of company stock valued at $37,321,176. 4.34% of the stock is currently owned by insiders.

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.