Wedbush Securities Inc. Sells 1,421 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Posted by Defense World Staff on Apr 16th, 2023

Wedbush Securities Inc. trimmed its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD – Get Rating) by 21.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 5,120 shares of the company’s stock after selling 1,421 shares during the period. Wedbush Securities Inc.’s holdings in CrowdStrike were worth $539,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of CRWD. Jennison Associates LLC boosted its position in CrowdStrike by 19.7% in the 3rd quarter. Jennison Associates LLC now owns 9,695,501 shares of the company’s stock valued at $1,597,916,000 after buying an additional 1,597,116 shares during the last quarter. Clearbridge Investments LLC boosted its position in CrowdStrike by 69.3% in the 1st quarter. Clearbridge Investments LLC now owns 2,310,859 shares of the company’s stock valued at $524,750,000 after buying an additional 945,703 shares during the last quarter. Jacobs Levy Equity Management Inc. bought a new position in CrowdStrike in the 3rd quarter valued at $71,159,000. Putnam Investments LLC lifted its stake in shares of CrowdStrike by 53.9% in the 3rd quarter. Putnam Investments LLC now owns 943,818 shares of the company’s stock valued at $155,551,000 after purchasing an additional 330,533 shares during the period. Finally, Invesco Ltd. lifted its stake in shares of CrowdStrike by 30.9% in the 1st quarter. Invesco Ltd. now owns 1,379,621 shares of the company’s stock valued at $313,284,000 after purchasing an additional 325,846 shares during the period. 65.05% of the stock is currently owned by institutional investors.

CrowdStrike Price Performance

Shares of NASDAQ CRWD opened at $135.77 on Friday. CrowdStrike Holdings, Inc. has a fifty-two week low of $92.25 and a fifty-two week high of $234.50. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.73 and a quick ratio of 1.73. The stock has a market capitalization of $32.02 billion, a price-to-earnings ratio of -171.86 and a beta of 1.04. The business has a 50-day moving average of $124.92 and a 200-day moving average of $127.10.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on CRWD shares. UBS Group increased their price target on CrowdStrike from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, March 8th. Stifel Nicolaus increased their price target on CrowdStrike from $110.00 to $125.00 and gave the company a “hold” rating in a research note on Wednesday, March 8th. Stephens increased their price target on CrowdStrike from $161.00 to $173.00 and gave the company an “overweight” rating in a research note on Wednesday, March 8th. Evercore ISI cut their price target on CrowdStrike from $200.00 to $190.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 8th. Finally, Piper Sandler cut their price target on CrowdStrike from $175.00 to $170.00 and set an “overweight” rating on the stock in a research note on Thursday, January 5th. Five investment analysts have rated the stock with a hold rating and thirty-five have given a buy rating to the company. According to data from MarketBeat, CrowdStrike has a consensus rating of “Moderate Buy” and a consensus price target of $172.38.

Insider Buying and Selling

In related news, CEO George Kurtz sold 58,720 shares of CrowdStrike stock in a transaction dated Tuesday, March 21st. The stock was sold at an average price of $134.75, for a total transaction of $7,912,520.00. Following the completion of the transaction, the chief executive officer now owns 1,004,878 shares in the company, valued at $135,407,310.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO George Kurtz sold 58,720 shares of CrowdStrike stock in a transaction dated Tuesday, March 21st. The stock was sold at an average price of $134.75, for a total transaction of $7,912,520.00. Following the completion of the transaction, the chief executive officer now owns 1,004,878 shares in the company, valued at $135,407,310.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Burt W. Podbere sold 16,615 shares of CrowdStrike stock in a transaction dated Tuesday, March 21st. The stock was sold at an average price of $133.30, for a total value of $2,214,779.50. Following the transaction, the chief financial officer now owns 336,838 shares of the company’s stock, valued at approximately $44,900,505.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 94,568 shares of company stock worth $12,663,171. Company insiders own 6.82% of the company’s stock.

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.