LM Advisors LLC Sells 700 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

LM Advisors LLC lowered its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 32.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,425 shares of the company’s stock after selling 700 shares during the quarter. LM Advisors LLC’s holdings in CrowdStrike were worth $488,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of CRWD. Vanguard Group Inc. boosted its stake in CrowdStrike by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 21,926,011 shares of the company’s stock worth $7,502,204,000 after acquiring an additional 342,294 shares in the last quarter. State Street Corp lifted its holdings in shares of CrowdStrike by 2.9% during the third quarter. State Street Corp now owns 9,630,776 shares of the company’s stock valued at $2,701,144,000 after purchasing an additional 275,717 shares during the last quarter. Jennison Associates LLC boosted its position in shares of CrowdStrike by 6.9% in the 4th quarter. Jennison Associates LLC now owns 5,420,980 shares of the company’s stock worth $1,854,843,000 after purchasing an additional 352,180 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of CrowdStrike by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 4,893,457 shares of the company’s stock worth $1,367,505,000 after buying an additional 97,990 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in CrowdStrike by 12.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,570,440 shares of the company’s stock valued at $440,461,000 after buying an additional 171,861 shares in the last quarter. Institutional investors own 71.16% of the company’s stock.

CrowdStrike Trading Down 3.5 %

CRWD stock opened at $371.41 on Thursday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. CrowdStrike Holdings, Inc. has a 1-year low of $200.81 and a 1-year high of $455.59. The business has a 50 day simple moving average of $388.08 and a two-hundred day simple moving average of $347.22. The company has a market capitalization of $92.06 billion, a price-to-earnings ratio of 728.27, a PEG ratio of 17.86 and a beta of 1.19.

Analyst Ratings Changes

Several research firms have commented on CRWD. Needham & Company LLC reissued a “buy” rating and issued a $420.00 target price on shares of CrowdStrike in a report on Wednesday, March 5th. Hsbc Global Res cut shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Citigroup restated a “buy” rating on shares of CrowdStrike in a research note on Wednesday, February 5th. Morgan Stanley set a $429.00 target price on shares of CrowdStrike in a research note on Tuesday, March 18th. Finally, BTIG Research raised shares of CrowdStrike from a “neutral” rating to a “buy” rating and set a $431.00 price target for the company in a research report on Tuesday. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, CrowdStrike presently has a consensus rating of “Moderate Buy” and an average target price of $400.26.

Insider Buying and Selling

In other CrowdStrike news, Director Sameer K. Gandhi sold 6,250 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were 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 in the company, valued at $280,613,187.30. The trade was a 0.76 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO George Kurtz sold 22,449 shares of the firm’s stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $358.68, for a total value of $8,052,007.32. Following the transaction, the chief executive officer now owns 2,178,452 shares of the company’s stock, valued at approximately $781,367,163.36. The trade was a 1.02 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 110,801 shares of company stock worth $42,092,255. 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.