Foundations Investment Advisors LLC Sells 1,387 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Posted by on Mar 21st, 2023

Foundations Investment Advisors LLC lessened its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD – Get Rating) by 24.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,370 shares of the company’s stock after selling 1,387 shares during the period. Foundations Investment Advisors LLC’s holdings in CrowdStrike were worth $460,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Mach 1 Financial Group LLC acquired a new stake in CrowdStrike during the 3rd quarter valued at $27,000. Householder Group Estate & Retirement Specialist LLC acquired a new position in shares of CrowdStrike in the third quarter valued at $32,000. Pin Oak Investment Advisors Inc. raised its position in shares of CrowdStrike by 100.0% in the second quarter. Pin Oak Investment Advisors Inc. now owns 200 shares of the company’s stock valued at $34,000 after purchasing an additional 100 shares during the period. Hudock Inc. acquired a new stake in shares of CrowdStrike during the 3rd quarter worth about $34,000. Finally, New Millennium Group LLC acquired a new position in CrowdStrike in the 2nd quarter valued at about $35,000. 65.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CRWD has been the topic of several research reports. Cowen decreased their target price on CrowdStrike from $220.00 to $180.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 30th. Wells Fargo & Company lowered their price objective on CrowdStrike from $210.00 to $165.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 30th. Stephens lifted their target price on CrowdStrike from $161.00 to $173.00 and gave the stock an “overweight” rating in a report on Wednesday, March 8th. Cantor Fitzgerald decreased their price target on shares of CrowdStrike from $240.00 to $160.00 in a research note on Wednesday, November 30th. Finally, BTIG Research raised their price target on shares of CrowdStrike from $148.00 to $163.00 and gave the stock a “buy” rating in a research report on Wednesday, March 8th. Five analysts have rated the stock with a hold rating and thirty-five have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $173.14.

CrowdStrike Stock Performance

Shares of CRWD stock opened at $132.74 on Tuesday. The business’s 50-day moving average price is $113.93 and its 200-day moving average price is $132.36. The firm has a market capitalization of $31.31 billion, a price-to-earnings ratio of -168.03 and a beta of 1.02. CrowdStrike Holdings, Inc. has a 12 month low of $92.25 and a 12 month high of $242.00. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.50.

Insider Buying and Selling at CrowdStrike

In other news, CFO Burt W. Podbere sold 10,073 shares of CrowdStrike stock in a transaction on Wednesday, December 21st. The shares were sold at an average price of $107.34, for a total transaction of $1,081,235.82. Following the transaction, the chief financial officer now owns 294,490 shares in the company, valued at $31,610,556.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CFO Burt W. Podbere sold 10,073 shares of the stock in a transaction dated Wednesday, December 21st. The stock was sold at an average price of $107.34, for a total value of $1,081,235.82. Following the completion of the sale, the chief financial officer now owns 294,490 shares of the company’s stock, valued at $31,610,556.60. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Shawn Henry sold 7,556 shares of CrowdStrike stock in a transaction that occurred on Wednesday, December 21st. The stock was sold at an average price of $108.90, for a total value of $822,848.40. Following the completion of the transaction, the insider now directly owns 166,998 shares in the company, valued at $18,186,082.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 69,804 shares of company stock worth $7,507,386. 6.82% of the stock is currently owned by company insiders.

CrowdStrike Company Profile

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CrowdStrike Holdings, Inc provides cybersecurity products and services to stop breaches. It offers cloud-delivered protection across endpoints, cloud workloads, identity and data, and threat intelligence, managed security services, IT operations management, threat hunting, Zero Trust identity protection, and log management.

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Institutional Ownership by Quarter for CrowdStrike (NASDAQ:CRWD)

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