ARK Investment Management LLC Sells 3,111 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

ARK Investment Management LLC trimmed its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 2.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 142,009 shares of the company’s stock after selling 3,111 shares during the quarter. ARK Investment Management LLC’s holdings in CrowdStrike were worth $36,258,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Columbia Trust Co 01012016 increased its stake in CrowdStrike by 12.7% during the 4th quarter. Columbia Trust Co 01012016 now owns 4,545 shares of the company’s stock worth $1,160,000 after purchasing an additional 513 shares in the last quarter. Fiduciary Alliance LLC bought a new stake in CrowdStrike during the 4th quarter worth approximately $1,629,000. Jamison Private Wealth Management Inc. increased its stake in CrowdStrike by 11.1% during the 4th quarter. Jamison Private Wealth Management Inc. now owns 1,462 shares of the company’s stock worth $373,000 after purchasing an additional 146 shares in the last quarter. Oak Ridge Investments LLC bought a new stake in CrowdStrike during the 4th quarter worth approximately $498,000. Finally, Kingswood Wealth Advisors LLC bought a new stake in CrowdStrike during the 4th quarter worth approximately $555,000. 71.16% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on CRWD. Stifel Nicolaus increased their target price on CrowdStrike from $315.00 to $400.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Jefferies Financial Group upped their price target on CrowdStrike from $375.00 to $400.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Raymond James assumed coverage on CrowdStrike in a research report on Tuesday, January 30th. They set an “outperform” rating and a $330.00 price target for the company. HSBC upped their price target on CrowdStrike from $411.00 to $412.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Finally, DA Davidson upped their price target on CrowdStrike from $285.00 to $425.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. One equities research analyst has rated the stock with a hold rating and thirty-seven have assigned a buy rating to the stock. According to MarketBeat, CrowdStrike currently has an average rating of “Moderate Buy” and a consensus price target of $373.29.

Insider Transactions at CrowdStrike

In other news, CAO Anurag Saha sold 1,786 shares of CrowdStrike stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $331.52, for a total transaction of $592,094.72. Following the completion of the sale, the chief accounting officer now owns 34,350 shares of the company’s stock, valued at $11,387,712. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CAO Anurag Saha sold 1,786 shares of the business’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $331.52, for a total value of $592,094.72. Following the completion of the transaction, the chief accounting officer now owns 34,350 shares of the company’s stock, valued at $11,387,712. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO George Kurtz sold 78,080 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $326.78, for a total value of $25,514,982.40. Following the completion of the transaction, the chief executive officer now directly owns 1,148,102 shares of the company’s stock, valued at approximately $375,176,771.56. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 237,667 shares of company stock valued at $72,822,280. 5.68% of the stock is currently owned by corporate insiders.

CrowdStrike Stock Down 2.4 %

CRWD opened at $322.25 on Thursday. CrowdStrike Holdings, Inc. has a fifty-two week low of $115.67 and a fifty-two week high of $365.00. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.76 and a current ratio of 1.76. The company has a market capitalization of $77.94 billion, a P/E ratio of 895.16, a P/E/G ratio of 13.18 and a beta of 1.06. The stock has a fifty day moving average of $314.16 and a 200-day moving average of $246.80.

CrowdStrike 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.