CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Position Reduced by Meridian Financial LLC

Meridian Financial LLC reduced its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 3.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 982 shares of the company’s stock after selling 30 shares during the period. Meridian Financial LLC’s holdings in CrowdStrike were worth $336,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Jennison Associates LLC raised its position in shares of CrowdStrike by 25.0% during the 3rd quarter. Jennison Associates LLC now owns 5,068,800 shares of the company’s stock valued at $1,421,646,000 after acquiring an additional 1,013,161 shares in the last quarter. International Assets Investment Management LLC raised its holdings in shares of CrowdStrike by 17,926.3% during the third quarter. International Assets Investment Management LLC now owns 925,831 shares of the company’s stock worth $259,668,000 after purchasing an additional 920,695 shares during the period. Daiwa Securities Group Inc. lifted its position in shares of CrowdStrike by 1,655.9% in the 3rd quarter. Daiwa Securities Group Inc. now owns 755,951 shares of the company’s stock worth $212,021,000 after buying an additional 712,900 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of CrowdStrike by 248.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 521,198 shares of the company’s stock valued at $146,180,000 after buying an additional 371,695 shares during the period. Finally, State Street Corp grew its position in shares of CrowdStrike by 2.9% during the 3rd quarter. State Street Corp now owns 9,630,776 shares of the company’s stock valued at $2,701,144,000 after buying an additional 275,717 shares during the last quarter. Institutional investors own 71.16% of the company’s stock.

Insider Activity at CrowdStrike

In other news, CAO Anurag Saha sold 1,863 shares of the business’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $358.46, for a total transaction of $667,810.98. Following the transaction, the chief accounting officer now directly owns 41,059 shares in the company, valued at $14,718,009.14. The trade was a 4.34 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Shawn Henry sold 4,000 shares of the stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $354.91, for a total value of $1,419,640.00. Following the sale, the insider now owns 98,214 shares of the company’s stock, valued at approximately $34,857,130.74. This represents a 3.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 110,351 shares of company stock valued at $38,935,113. Company insiders own 4.34% of the company’s stock.

CrowdStrike Price Performance

Shares of NASDAQ:CRWD opened at $357.00 on Friday. The company’s fifty day moving average is $355.86 and its two-hundred day moving average is $312.92. The company has a market cap of $87.93 billion, a P/E ratio of 700.01, a price-to-earnings-growth ratio of 18.55 and a beta of 1.14. CrowdStrike Holdings, Inc. has a 12-month low of $200.81 and a 12-month high of $398.33. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. BNP Paribas assumed coverage on CrowdStrike in a research note on Tuesday, October 8th. They issued a “neutral” rating and a $285.00 target price for the company. Wedbush set a $330.00 price objective on CrowdStrike in a research note on Thursday, October 17th. KeyCorp raised their target price on CrowdStrike from $345.00 to $395.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. Needham & Company LLC upped their price target on shares of CrowdStrike from $360.00 to $420.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Finally, Cantor Fitzgerald lifted their price objective on shares of CrowdStrike from $350.00 to $370.00 and gave the company an “overweight” rating in a research report on Thursday, November 21st. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, CrowdStrike presently has an average rating of “Moderate Buy” and an average price target of $366.38.

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.