WD Rutherford LLC Trims Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

WD Rutherford LLC lowered its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 0.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 14,924 shares of the company’s stock after selling 104 shares during the period. CrowdStrike makes up about 2.4% of WD Rutherford LLC’s portfolio, making the stock its 10th largest position. WD Rutherford LLC’s holdings in CrowdStrike were worth $5,106,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Berbice Capital Management LLC acquired a new stake in shares of CrowdStrike during the fourth quarter worth about $27,000. Oakworth Capital Inc. acquired a new stake in CrowdStrike during the 3rd quarter worth approximately $28,000. Fortitude Family Office LLC lifted its stake in CrowdStrike by 112.8% in the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock valued at $28,000 after buying an additional 44 shares in the last quarter. Castleview Partners LLC acquired a new position in shares of CrowdStrike in the third quarter valued at approximately $32,000. Finally, Luken Investment Analytics LLC bought a new stake in shares of CrowdStrike during the fourth quarter worth $34,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

CrowdStrike Stock Down 0.4 %

CRWD stock opened at $451.74 on Friday. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $454.13. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. The stock has a market capitalization of $111.27 billion, a price-to-earnings ratio of 885.78, a PEG ratio of 17.22 and a beta of 1.16. The business’s fifty day moving average price is $376.70 and its two-hundred day moving average price is $322.24.

Insider Activity at CrowdStrike

In related news, Director Gerhard Watzinger sold 30,000 shares of the stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $348.93, for a total transaction of $10,467,900.00. Following the sale, the director now owns 42,391 shares of the company’s stock, valued at $14,791,491.63. This represents a 41.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Sameer K. Gandhi sold 17,120 shares of CrowdStrike stock in a transaction on Monday, February 10th. The shares were sold at an average price of $428.13, for a total value of $7,329,585.60. Following the completion of the transaction, the director now directly owns 780,592 shares of the company’s stock, valued at $334,194,852.96. This represents a 2.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 132,565 shares of company stock worth $49,235,849. Corporate insiders own 4.34% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on CRWD shares. Cantor Fitzgerald boosted their price objective on shares of CrowdStrike from $350.00 to $370.00 and gave the company an “overweight” rating in a research report on Thursday, November 21st. Bank of America upped their price objective on CrowdStrike from $365.00 to $400.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Rosenblatt Securities lifted their target price on CrowdStrike from $325.00 to $385.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Morgan Stanley upped their price target on CrowdStrike from $325.00 to $355.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Finally, CICC Research began coverage on shares of CrowdStrike in a report on Monday, November 18th. They issued a “market perform” rating and a $295.00 price objective on the stock. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $376.00.

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.