CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Sold by TCW Group Inc.

TCW Group Inc. lowered its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 9.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 670,466 shares of the company’s stock after selling 67,995 shares during the period. CrowdStrike accounts for approximately 1.9% of TCW Group Inc.’s holdings, making the stock its 9th largest holding. TCW Group Inc.’s holdings in CrowdStrike were worth $171,186,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. CVA Family Office LLC bought a new position in CrowdStrike in the 4th quarter valued at about $26,000. Hexagon Capital Partners LLC bought a new position in shares of CrowdStrike during the 4th quarter worth about $26,000. Bear Mountain Capital Inc. bought a new stake in CrowdStrike during the 4th quarter worth approximately $27,000. McGlone Suttner Wealth Management Inc. bought a new position in CrowdStrike in the 4th quarter valued at $36,000. Finally, Quent Capital LLC raised its holdings in shares of CrowdStrike by 48.5% in the 4th quarter. Quent Capital LLC now owns 147 shares of the company’s stock worth $38,000 after purchasing an additional 48 shares during the period. Institutional investors own 71.16% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on CRWD shares. Stifel Nicolaus lifted their price objective on CrowdStrike from $315.00 to $400.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Wedbush raised their price target on CrowdStrike from $278.00 to $350.00 and gave the company an “outperform” rating in a report on Tuesday, March 5th. Piper Sandler upped their target price on shares of CrowdStrike from $300.00 to $400.00 and gave the company an “overweight” rating in a research note on Wednesday, March 6th. Robert W. Baird raised their target price on CrowdStrike from $281.00 to $350.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 6th. Finally, TD Cowen lifted their price target on shares of CrowdStrike from $340.00 to $400.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 6th. One analyst has rated the stock with a hold rating and thirty-seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $371.87.

Insider Buying and Selling

In related news, CFO Burt W. Podbere sold 5,424 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $349.01, for a total transaction of $1,893,030.24. Following the completion of the sale, the chief financial officer now directly owns 308,593 shares in the company, valued at $107,702,042.93. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other CrowdStrike news, CAO Anurag Saha sold 1,019 shares of the company’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $325.80, for a total value of $331,990.20. Following the completion of the sale, the chief accounting officer now directly owns 36,136 shares in the company, valued at approximately $11,773,108.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Burt W. Podbere sold 5,424 shares of CrowdStrike stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $349.01, for a total transaction of $1,893,030.24. Following the transaction, the chief financial officer now directly owns 308,593 shares in the company, valued at $107,702,042.93. The disclosure for this sale can be found here. Insiders sold a total of 317,000 shares of company stock worth $101,229,160 in the last 90 days. Insiders own 4.34% of the company’s stock.

CrowdStrike Stock Performance

Shares of CRWD traded down $3.07 during trading hours on Thursday, hitting $342.35. The stock had a trading volume of 1,801,922 shares, compared to its average volume of 3,328,141. The firm has a market capitalization of $82.80 billion, a price-to-earnings ratio of 953.89, a PEG ratio of 13.97 and a beta of 1.08. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.76 and a current ratio of 1.76. The firm has a 50-day moving average price of $316.05 and a 200 day moving average price of $286.48. CrowdStrike Holdings, Inc. has a fifty-two week low of $139.37 and a fifty-two week high of $365.00.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings results on Tuesday, March 5th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.06. CrowdStrike had a return on equity of 6.09% and a net margin of 2.92%. The firm had revenue of $845.34 million during the quarter, compared to analyst estimates of $839.08 million. As a group, research analysts anticipate that CrowdStrike Holdings, Inc. will post 1.12 EPS for the current year.

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.