CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Stock Position Trimmed by Robocap Asset Management Ltd

Robocap Asset Management Ltd trimmed its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 38.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 22,525 shares of the company’s stock after selling 14,154 shares during the quarter. CrowdStrike comprises 5.2% of Robocap Asset Management Ltd’s holdings, making the stock its 6th largest position. Robocap Asset Management Ltd’s holdings in CrowdStrike were worth $7,707,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Empirical Asset Management LLC acquired a new position in CrowdStrike in the fourth quarter valued at approximately $11,310,000. Beacon Financial Advisory LLC acquired a new position in CrowdStrike in the 3rd quarter valued at $955,000. Sumitomo Mitsui Trust Group Inc. boosted its stake in CrowdStrike by 10.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 846,189 shares of the company’s stock worth $237,331,000 after purchasing an additional 78,305 shares during the last quarter. DekaBank Deutsche Girozentrale grew its holdings in shares of CrowdStrike by 0.7% during the third quarter. DekaBank Deutsche Girozentrale now owns 439,865 shares of the company’s stock worth $124,644,000 after buying an additional 2,863 shares in the last quarter. Finally, Hemenway Trust Co LLC raised its position in shares of CrowdStrike by 356.8% in the third quarter. Hemenway Trust Co LLC now owns 6,852 shares of the company’s stock valued at $1,922,000 after buying an additional 5,352 shares during the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CRWD. CICC Research assumed coverage on CrowdStrike in a report on Monday, November 18th. They issued a “market perform” rating and a $295.00 target price for the company. Robert W. Baird reiterated a “neutral” rating and issued a $430.00 target price (up previously from $390.00) on shares of CrowdStrike in a report on Monday, February 3rd. Needham & Company LLC boosted their price objective on CrowdStrike from $360.00 to $420.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Westpark Capital reiterated a “hold” rating on shares of CrowdStrike in a research note on Monday, November 25th. Finally, Truist Financial raised their price target on shares of CrowdStrike from $375.00 to $385.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $370.00.

Insiders Place Their Bets

In other CrowdStrike news, Director Sameer K. Gandhi sold 6,250 shares of the firm’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $412.39, for a total transaction of $2,577,437.50. Following the transaction, the director now owns 805,592 shares of the company’s stock, valued at approximately $332,218,084.88. This trade represents a 0.77 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $340.44, for a total transaction of $1,361,760.00. Following the completion of the transaction, the insider now owns 120,298 shares of the company’s stock, valued at $40,954,251.12. This trade represents a 3.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 111,565 shares of company stock valued at $39,898,614 over the last quarter. Insiders own 4.34% of the company’s stock.

CrowdStrike Price Performance

Shares of NASDAQ CRWD opened at $421.59 on Friday. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $103.84 billion, a price-to-earnings ratio of 826.66, a price-to-earnings-growth ratio of 21.13 and a beta of 1.16. CrowdStrike Holdings, Inc. has a twelve month low of $200.81 and a twelve month high of $431.33. The business has a 50 day simple moving average of $367.00 and a 200-day simple moving average of $314.86.

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.