Adero Partners LLC Sells 813 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Adero Partners LLC lowered its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 9.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,586 shares of the company’s stock after selling 813 shares during the period. Adero Partners LLC’s holdings in CrowdStrike were worth $2,596,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Bleakley Financial Group LLC raised its position in CrowdStrike by 3.6% during the 4th quarter. Bleakley Financial Group LLC now owns 9,118 shares of the company’s stock valued at $3,120,000 after purchasing an additional 315 shares during the last quarter. NovaPoint Capital LLC increased its stake in shares of CrowdStrike by 12.4% during the fourth quarter. NovaPoint Capital LLC now owns 907 shares of the company’s stock valued at $310,000 after buying an additional 100 shares during the period. Insight Advisors LLC PA raised its holdings in shares of CrowdStrike by 35.0% during the fourth quarter. Insight Advisors LLC PA now owns 1,281 shares of the company’s stock valued at $447,000 after acquiring an additional 332 shares in the last quarter. Vision Capital Management Inc. bought a new stake in CrowdStrike in the fourth quarter valued at $240,000. Finally, Robertson Stephens Wealth Management LLC increased its position in CrowdStrike by 29.7% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 960 shares of the company’s stock valued at $328,000 after purchasing an additional 220 shares during the period. Institutional investors own 71.16% of the company’s stock.

Analysts Set New Price Targets

CRWD has been the subject of several research analyst reports. Hsbc Global Res cut shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Scotiabank raised their price objective on shares of CrowdStrike from $300.00 to $370.00 and gave the stock a “sector perform” rating in a report on Tuesday, January 21st. Citigroup upped their target price on CrowdStrike from $400.00 to $420.00 and gave the stock a “buy” rating in a report on Friday, January 17th. Cantor Fitzgerald raised their target price on CrowdStrike from $350.00 to $370.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. Finally, Morgan Stanley upped their price target on CrowdStrike from $325.00 to $355.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have assigned a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, CrowdStrike currently has a consensus rating of “Moderate Buy” and a consensus price target of $370.00.

Insiders Place Their Bets

In other news, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $340.44, for a total value of $1,361,760.00. Following the completion of the sale, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Anurag Saha sold 1,863 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $358.46, for a total value of $667,810.98. Following the transaction, the chief accounting officer now directly owns 41,059 shares in the company, valued at approximately $14,718,009.14. This represents a 4.34 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 105,315 shares of company stock worth $37,321,176 in the last 90 days. 4.34% of the stock is currently owned by corporate insiders.

CrowdStrike Price Performance

Shares of CrowdStrike stock opened at $417.22 on Thursday. The stock’s fifty day moving average is $364.15 and its 200 day moving average is $313.40. CrowdStrike Holdings, Inc. has a one year low of $200.81 and a one year high of $419.39. 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 $102.77 billion, a P/E ratio of 818.09, a P/E/G ratio of 21.13 and a beta of 1.16.

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.