Parcion Private Wealth LLC Sells 130 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Parcion Private Wealth LLC reduced its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 7.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,616 shares of the company’s stock after selling 130 shares during the quarter. Parcion Private Wealth LLC’s holdings in CrowdStrike were worth $553,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of CRWD. Berbice Capital Management LLC acquired a new stake in CrowdStrike in the 4th quarter worth approximately $27,000. Oakworth Capital Inc. acquired a new stake in CrowdStrike in the 3rd quarter worth approximately $28,000. Fortitude Family Office LLC boosted its stake in CrowdStrike by 112.8% in the 4th quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock worth $28,000 after purchasing an additional 44 shares in the last quarter. Castleview Partners LLC acquired a new stake in CrowdStrike in the 3rd quarter worth approximately $32,000. Finally, Luken Investment Analytics LLC acquired a new stake in CrowdStrike in the 4th quarter worth approximately $34,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

CrowdStrike Trading Down 1.1 %

NASDAQ CRWD opened at $450.14 on Thursday. The firm’s 50-day moving average is $382.58 and its two-hundred day moving average is $327.63. CrowdStrike Holdings, Inc. has a 12 month low of $200.81 and a 12 month high of $455.59. 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 capitalization of $110.87 billion, a P/E ratio of 882.64, a PEG ratio of 18.50 and a beta of 1.16.

Analysts Set New Price Targets

A number of research firms have issued reports on CRWD. Rosenblatt Securities raised their price target on shares of CrowdStrike from $325.00 to $385.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Stifel Nicolaus raised their price target on shares of CrowdStrike from $400.00 to $475.00 and gave the stock a “buy” rating in a research report on Wednesday. JPMorgan Chase & Co. raised their price target on shares of CrowdStrike from $372.00 to $418.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. KeyCorp lifted their target price on shares of CrowdStrike from $395.00 to $480.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $400.00 target price on shares of CrowdStrike in a report on Monday, November 4th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, CrowdStrike currently has an average rating of “Moderate Buy” and an average target price of $379.73.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, Director Sameer K. Gandhi sold 17,120 shares of the business’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $428.13, for a total transaction of $7,329,585.60. Following the sale, the director now directly owns 780,592 shares in the company, valued at $334,194,852.96. This represents a 2.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $450.67, for a total transaction of $1,802,680.00. Following the sale, the insider now owns 94,214 shares in the company, valued at $42,459,423.38. This trade represents a 4.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 136,565 shares of company stock valued at $51,038,529 over the last 90 days. 4.34% of the stock is 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.