CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Sold by Empowered Funds LLC

Empowered Funds LLC reduced its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 77.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,643 shares of the company’s stock after selling 16,345 shares during the period. Empowered Funds LLC’s holdings in CrowdStrike were worth $1,589,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Berbice Capital Management LLC acquired a new stake in CrowdStrike during the 4th quarter worth $27,000. Fortitude Family Office LLC grew its holdings in shares of CrowdStrike by 112.8% during the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock worth $28,000 after purchasing an additional 44 shares during the last quarter. Oakworth Capital Inc. acquired a new stake in shares of CrowdStrike during the third quarter worth about $28,000. Luken Investment Analytics LLC purchased a new stake in shares of CrowdStrike in the 4th quarter valued at about $34,000. Finally, Castleview Partners LLC acquired a new stake in shares of CrowdStrike in the 3rd quarter valued at about $32,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

CrowdStrike Trading Down 0.4 %

NASDAQ CRWD opened at $451.74 on Friday. The company has a market cap of $111.27 billion, a P/E ratio of 885.78, a P/E/G ratio of 17.22 and a beta of 1.16. CrowdStrike Holdings, Inc. has a 12 month low of $200.81 and a 12 month high of $454.13. 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 company has a 50-day moving average of $376.70 and a 200-day moving average of $322.24.

Insider Buying and Selling

In other news, Director Gerhard Watzinger sold 30,000 shares of the firm’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $348.93, for a total value of $10,467,900.00. Following the transaction, 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 document filed with the SEC, which is available through this hyperlink. Also, Director Sameer K. Gandhi sold 6,250 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $345.65, for a total value of $2,160,312.50. Following the sale, the director now owns 811,842 shares of the company’s stock, valued at $280,613,187.30. The trade was a 0.76 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 132,565 shares of company stock valued at $49,235,849. Insiders own 4.34% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CRWD. Barclays raised their target price on shares of CrowdStrike from $295.00 to $372.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Evercore ISI upped their target price on shares of CrowdStrike from $325.00 to $400.00 and gave the company an “outperform” rating in a report on Monday, November 25th. Susquehanna increased their price objective on CrowdStrike from $310.00 to $400.00 and gave the stock a “positive” rating in a research report on Wednesday, November 27th. Stifel Nicolaus upped their price target on CrowdStrike from $375.00 to $400.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Finally, Scotiabank boosted their price objective on shares of CrowdStrike from $300.00 to $370.00 and gave the company a “sector perform” rating in a research note on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have given a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $376.00.

CrowdStrike 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.