Lewis Asset Management LLC Sells 1,124 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Lewis Asset Management LLC reduced its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 14.8% during the 4th quarter, Holdings Channel reports. The fund owned 6,468 shares of the company’s stock after selling 1,124 shares during the period. CrowdStrike makes up about 1.7% of Lewis Asset Management LLC’s investment portfolio, making the stock its 13th largest position. Lewis Asset Management LLC’s holdings in CrowdStrike were worth $2,213,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. First Affirmative Financial Network raised its holdings in CrowdStrike by 4.2% in the 4th quarter. First Affirmative Financial Network now owns 811 shares of the company’s stock valued at $278,000 after acquiring an additional 33 shares during the period. Baron Wealth Management LLC bought a new position in CrowdStrike in the 4th quarter valued at about $200,000. Strategic Planning Group LLC grew its position in shares of CrowdStrike by 3.4% during the 4th quarter. Strategic Planning Group LLC now owns 12,472 shares of the company’s stock worth $4,267,000 after purchasing an additional 414 shares in the last quarter. Highland Capital Management LLC grew its position in shares of CrowdStrike by 1.1% during the 4th quarter. Highland Capital Management LLC now owns 34,895 shares of the company’s stock worth $11,940,000 after purchasing an additional 385 shares in the last quarter. Finally, Baader Bank Aktiengesellschaft grew its position in shares of CrowdStrike by 7.7% during the 4th quarter. Baader Bank Aktiengesellschaft now owns 15,344 shares of the company’s stock worth $5,250,000 after purchasing an additional 1,091 shares in the last quarter. 71.16% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CAO Anurag Saha sold 2,858 shares of CrowdStrike stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $364.29, for a total transaction of $1,041,140.82. Following the completion of the transaction, the chief accounting officer now directly owns 38,201 shares in the company, valued at $13,916,242.29. This trade represents a 6.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $340.44, for a total transaction of $1,361,760.00. Following the transaction, the insider now owns 120,298 shares in the company, valued at approximately $40,954,251.12. This trade represents a 3.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 110,351 shares of company stock worth $38,935,113. 4.34% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

CRWD has been the topic of a number of analyst reports. Cantor Fitzgerald increased their target price on shares of CrowdStrike from $350.00 to $370.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. BNP Paribas initiated coverage on shares of CrowdStrike in a research report on Tuesday, October 8th. They set a “neutral” rating and a $285.00 target price on the stock. Wells Fargo & Company increased their target price on shares of CrowdStrike from $350.00 to $400.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. Morgan Stanley increased their target price on shares of CrowdStrike from $325.00 to $355.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Finally, Royal Bank of Canada increased their target price on shares of CrowdStrike from $365.00 to $420.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $369.00.

CrowdStrike Trading Down 2.8 %

NASDAQ:CRWD opened at $397.07 on Thursday. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $97.80 billion, a price-to-earnings ratio of 778.58, a PEG ratio of 20.07 and a beta of 1.14. The firm has a fifty day simple moving average of $360.37 and a two-hundred day simple moving average of $311.65. CrowdStrike Holdings, Inc. has a 12 month low of $200.81 and a 12 month high of $411.30.

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.