Activest Wealth Management Decreases Stock Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Activest Wealth Management lessened its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 19.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 115 shares of the company’s stock after selling 27 shares during the quarter. Activest Wealth Management’s holdings in CrowdStrike were worth $40,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Jennison Associates LLC grew its position in CrowdStrike by 25.0% in the 3rd quarter. Jennison Associates LLC now owns 5,068,800 shares of the company’s stock worth $1,421,646,000 after purchasing an additional 1,013,161 shares during the period. International Assets Investment Management LLC boosted its stake in shares of CrowdStrike by 17,926.3% in the 3rd quarter. International Assets Investment Management LLC now owns 925,831 shares of the company’s stock worth $259,668,000 after buying an additional 920,695 shares during the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of CrowdStrike by 1,655.9% in the third quarter. Daiwa Securities Group Inc. now owns 755,951 shares of the company’s stock worth $212,021,000 after acquiring an additional 712,900 shares during the period. Assenagon Asset Management S.A. increased its position in CrowdStrike by 248.6% during the third quarter. Assenagon Asset Management S.A. now owns 521,198 shares of the company’s stock valued at $146,180,000 after acquiring an additional 371,695 shares during the last quarter. Finally, State Street Corp lifted its holdings in CrowdStrike by 2.9% in the third quarter. State Street Corp now owns 9,630,776 shares of the company’s stock valued at $2,701,144,000 after acquiring an additional 275,717 shares during the period. 71.16% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, insider Shawn Henry sold 4,000 shares of the firm’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 completion of 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Michael Sentonas sold 10,801 shares of the company’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $358.47, for a total value of $3,871,834.47. Following the transaction, the president now directly owns 389,589 shares in the company, valued at $139,655,968.83. This represents a 2.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 111,565 shares of company stock worth $39,898,614 in the last 90 days. 4.34% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on CRWD shares. Piper Sandler boosted their price target on CrowdStrike from $290.00 to $375.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. Baird R W cut shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a report on Monday, February 3rd. 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 note on Monday, February 3rd. Evercore ISI upped their price objective on CrowdStrike from $325.00 to $400.00 and gave the stock an “outperform” rating in a research note on Monday, November 25th. Finally, BMO Capital Markets raised their target price on CrowdStrike from $315.00 to $380.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. One research 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 given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $370.00.

CrowdStrike Stock Performance

Shares of CrowdStrike stock opened at $421.59 on Monday. CrowdStrike Holdings, Inc. has a one year low of $200.81 and a one year high of $431.33. The company has a market capitalization of $103.84 billion, a PE ratio of 826.66, a P/E/G ratio of 17.22 and a beta of 1.16. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. The company has a 50-day simple moving average of $368.52 and a two-hundred day simple moving average of $316.29.

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.