CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Sold by Westpac Banking Corp

Westpac Banking Corp trimmed its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 60.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,433 shares of the company’s stock after selling 2,201 shares during the period. Westpac Banking Corp’s holdings in CrowdStrike were worth $490,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Jacobi Capital Management LLC boosted its position in shares of CrowdStrike by 1.9% during the fourth quarter. Jacobi Capital Management LLC now owns 1,309 shares of the company’s stock worth $448,000 after buying an additional 25 shares during the period. Dorsey & Whitney Trust CO LLC raised its stake in CrowdStrike by 1.4% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 1,974 shares of the company’s stock valued at $675,000 after acquiring an additional 27 shares in the last quarter. Wintrust Investments LLC grew its stake in shares of CrowdStrike by 4.2% in the fourth quarter. Wintrust Investments LLC now owns 719 shares of the company’s stock worth $246,000 after purchasing an additional 29 shares in the last quarter. Synergy Financial Group LTD increased its holdings in shares of CrowdStrike by 0.8% during the third quarter. Synergy Financial Group LTD now owns 3,950 shares of the company’s stock valued at $1,108,000 after purchasing an additional 30 shares during the period. Finally, Greenwich Wealth Management LLC raised its stake in shares of CrowdStrike by 4.0% during the fourth quarter. Greenwich Wealth Management LLC now owns 776 shares of the company’s stock valued at $265,000 after purchasing an additional 30 shares in the last quarter. Institutional investors own 71.16% of the company’s stock.

CrowdStrike Trading Down 7.4 %

Shares of NASDAQ CRWD opened at $321.63 on Friday. 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 stock has a market cap of $79.72 billion, a price-to-earnings ratio of 630.66, a PEG ratio of 17.86 and a beta of 1.28. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week high of $455.59. The business has a 50 day simple moving average of $386.18 and a 200 day simple moving average of $351.38.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Jefferies Financial Group lowered their target price on shares of CrowdStrike from $425.00 to $410.00 and set a “buy” rating on the stock in a research note on Monday, March 31st. Citigroup reiterated a “buy” rating on shares of CrowdStrike in a research note on Wednesday, February 5th. Wedbush upped their target price on CrowdStrike from $390.00 to $395.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 5th. Royal Bank of Canada reaffirmed an “outperform” rating on shares of CrowdStrike in a research note on Wednesday, March 5th. Finally, Baird R W downgraded CrowdStrike from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 3rd. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $400.88.

Insider Activity

In related news, CEO George Kurtz sold 22,449 shares of the business’s stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $358.68, for a total value of $8,052,007.32. Following the completion of the sale, the chief executive officer now directly owns 2,178,452 shares in the company, valued at approximately $781,367,163.36. The trade was a 1.02 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Gerhard Watzinger sold 10,000 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $359.57, for a total value of $3,595,700.00. Following the transaction, the director now owns 62,891 shares in the company, valued at approximately $22,613,716.87. This trade represents a 13.72 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 114,551 shares of company stock worth $43,527,642. 4.34% of the stock is owned by corporate 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.