CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Stock Holdings Lowered by Arthedge Capital Management LLC

Arthedge Capital Management LLC cut its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 4.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 72,000 shares of the company’s stock after selling 3,600 shares during the quarter. CrowdStrike accounts for approximately 13.2% of Arthedge Capital Management LLC’s holdings, making the stock its 4th largest position. Arthedge Capital Management LLC’s holdings in CrowdStrike were worth $20,194,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Jennison Associates LLC lifted its holdings in shares of CrowdStrike by 25.0% during the third quarter. Jennison Associates LLC now owns 5,068,800 shares of the company’s stock valued at $1,421,646,000 after purchasing an additional 1,013,161 shares in the last quarter. Legal & General Group Plc raised its position in CrowdStrike by 3.0% in the 2nd quarter. Legal & General Group Plc now owns 2,049,704 shares of the company’s stock worth $785,425,000 after buying an additional 60,607 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in CrowdStrike by 4.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,817,387 shares of the company’s stock valued at $696,471,000 after acquiring an additional 77,100 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of CrowdStrike by 47.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,753,252 shares of the company’s stock valued at $671,828,000 after acquiring an additional 564,662 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of CrowdStrike by 12.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,570,440 shares of the company’s stock worth $440,461,000 after acquiring an additional 171,861 shares during the period. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at CrowdStrike

In other news, CAO Anurag Saha sold 1,683 shares of the business’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $297.28, for a total value of $500,322.24. Following the completion of the transaction, the chief accounting officer now owns 38,962 shares of the company’s stock, valued at $11,582,623.36. The trade was a 4.14 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO George Kurtz sold 55,325 shares of the stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $296.62, for a total value of $16,410,501.50. Following the transaction, the chief executive officer now owns 1,109,746 shares in the company, valued at $329,172,858.52. This trade represents a 4.75 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 108,248 shares of company stock worth $32,465,110. Insiders own 4.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on CRWD shares. Piper Sandler lifted their target price on shares of CrowdStrike from $290.00 to $375.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. Morgan Stanley boosted their price objective on CrowdStrike from $325.00 to $355.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. Raymond James dropped their target price on shares of CrowdStrike from $380.00 to $275.00 and set an “outperform” rating for the company in a report on Thursday, August 29th. Wedbush set a $330.00 price target on CrowdStrike in a report on Thursday, October 17th. Finally, Bank of America lifted their target price on CrowdStrike from $365.00 to $400.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. One analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, CrowdStrike presently has an average rating of “Moderate Buy” and a consensus target price of $355.80.

CrowdStrike Price Performance

Shares of CRWD opened at $345.97 on Monday. The company has a 50 day moving average of $315.80 and a two-hundred day moving average of $312.87. CrowdStrike Holdings, Inc. has a twelve month low of $200.81 and a twelve month high of $398.33. The company has a market cap of $84.81 billion, a price-to-earnings ratio of 678.39, a price-to-earnings-growth ratio of 25.05 and a beta of 1.10. The company has a quick ratio of 1.90, a current ratio of 1.86 and a debt-to-equity ratio of 0.24.

About CrowdStrike

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.