Hazlett Burt & Watson Inc. Sells 53 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Hazlett Burt & Watson Inc. reduced its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 8.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 613 shares of the company’s stock after selling 53 shares during the quarter. Hazlett Burt & Watson Inc.’s holdings in CrowdStrike were worth $210,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of CRWD. O Shaughnessy Asset Management LLC raised its position in shares of CrowdStrike by 15.6% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 20,056 shares of the company’s stock worth $6,862,000 after acquiring an additional 2,702 shares during the last quarter. Physician Wealth Advisors Inc. bought a new stake in shares of CrowdStrike during the fourth quarter worth approximately $68,000. IPG Investment Advisors LLC lifted its holdings in CrowdStrike by 349.3% in the fourth quarter. IPG Investment Advisors LLC now owns 5,423 shares of the company’s stock valued at $1,856,000 after buying an additional 4,216 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in CrowdStrike by 2,586.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 418,094 shares of the company’s stock worth $143,055,000 after acquiring an additional 402,531 shares during the period. Finally, Allianz SE acquired a new stake in shares of CrowdStrike during the fourth quarter worth $2,587,000. Institutional investors own 71.16% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on CRWD. Needham & Company LLC reaffirmed a “buy” rating and issued a $420.00 price target on shares of CrowdStrike in a research note on Wednesday, March 5th. Royal Bank of Canada reaffirmed an “outperform” rating on shares of CrowdStrike in a research note on Wednesday, March 5th. DA Davidson boosted their target price on CrowdStrike from $395.00 to $415.00 and gave the company a “buy” rating in a research note on Wednesday, March 5th. Bank of America boosted their price objective on CrowdStrike from $400.00 to $420.00 and gave the company a “buy” rating in a research report on Wednesday, February 26th. Finally, Susquehanna lifted their price target on shares of CrowdStrike from $400.00 to $425.00 and gave the company a “positive” rating in a research note on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, CrowdStrike currently has an average rating of “Moderate Buy” and a consensus price target of $400.26.

CrowdStrike Stock Down 2.6 %

Shares of NASDAQ:CRWD opened at $357.11 on Monday. CrowdStrike Holdings, Inc. has a 52-week low of $200.81 and a 52-week high of $455.59. The company has a market capitalization of $88.52 billion, a PE ratio of 700.23, a price-to-earnings-growth ratio of 17.86 and a beta of 1.19. 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 fifty day moving average of $388.15 and a 200-day moving average of $349.49.

Insider Buying and Selling at CrowdStrike

In other news, Director Sameer K. Gandhi sold 6,250 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $345.65, for a total transaction of $2,160,312.50. Following the completion of the transaction, the director now owns 811,842 shares of the company’s stock, valued at approximately $280,613,187.30. This trade represents a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Shawn Henry sold 4,000 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $450.67, for a total value of $1,802,680.00. Following the completion of the sale, the insider now owns 94,214 shares of the company’s stock, valued at $42,459,423.38. The trade was a 4.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 110,801 shares of company stock worth $42,092,255. 4.34% of the stock is currently owned by insiders.

About CrowdStrike

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.