KG&L Capital Management LLC Sells 368 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

KG&L Capital Management LLC lowered its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 7.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,546 shares of the company’s stock after selling 368 shares during the quarter. KG&L Capital Management LLC’s holdings in CrowdStrike were worth $1,555,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Synergy Financial Group LTD lifted its stake in shares of CrowdStrike by 0.8% in the 3rd 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. M3 Advisory Group LLC increased its holdings in CrowdStrike by 2.8% in the fourth quarter. M3 Advisory Group LLC now owns 1,188 shares of the company’s stock valued at $407,000 after purchasing an additional 32 shares during the last quarter. Meridian Financial Partners LLC lifted its stake in CrowdStrike by 0.6% in the fourth quarter. Meridian Financial Partners LLC now owns 5,595 shares of the company’s stock valued at $1,914,000 after buying an additional 33 shares during the period. First Affirmative Financial Network boosted its holdings in CrowdStrike by 4.2% during the fourth quarter. First Affirmative Financial Network now owns 811 shares of the company’s stock worth $278,000 after buying an additional 33 shares during the last quarter. Finally, Sunpointe LLC grew its position in shares of CrowdStrike by 3.1% during the 3rd quarter. Sunpointe LLC now owns 1,131 shares of the company’s stock worth $317,000 after buying an additional 34 shares during the period. Institutional investors and hedge funds own 71.16% of the company’s stock.

Insider Buying and Selling at CrowdStrike

In other news, Director Sameer K. Gandhi sold 5,036 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $320.48, for a total value of $1,613,937.28. Following the completion of the sale, the director now owns 816,730 shares of the company’s stock, valued at approximately $261,745,630.40. The trade was a 0.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President Michael Sentonas sold 10,801 shares of the firm’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $358.47, for a total transaction of $3,871,834.47. Following the transaction, the president now directly owns 389,589 shares in the company, valued at approximately $139,655,968.83. This represents a 2.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 110,351 shares of company stock worth $38,935,113 over the last ninety days. Insiders own 4.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CRWD. Susquehanna increased their price target on shares of CrowdStrike from $310.00 to $400.00 and gave the company a “positive” rating in a research report on Wednesday, November 27th. Stifel Nicolaus lifted their price target on shares of CrowdStrike from $375.00 to $400.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Citigroup upped their price objective on shares of CrowdStrike from $400.00 to $420.00 and gave the company a “buy” rating in a research report on Friday, January 17th. Wedbush set a $330.00 target price on CrowdStrike in a report on Thursday, October 17th. Finally, Oppenheimer increased their price target on CrowdStrike from $365.00 to $410.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. 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 given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $369.00.

CrowdStrike Stock Up 0.3 %

CRWD opened at $398.07 on Friday. The stock’s fifty day simple moving average is $362.61 and its 200 day simple moving average is $312.98. CrowdStrike Holdings, Inc. has a 1-year low of $200.81 and a 1-year high of $411.30. The stock has a market cap of $98.05 billion, a PE ratio of 780.54, a price-to-earnings-growth ratio of 21.08 and a beta of 1.14. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24.

CrowdStrike Company 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.