Commerce Bank Sells 344 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Commerce Bank reduced its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 0.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 92,048 shares of the company’s stock after selling 344 shares during the quarter. Commerce Bank’s holdings in CrowdStrike were worth $31,495,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Berbice Capital Management LLC purchased a new stake in shares of CrowdStrike during the fourth quarter worth $27,000. Fortitude Family Office LLC lifted its holdings in CrowdStrike by 112.8% during the 4th quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock worth $28,000 after purchasing an additional 44 shares in the last quarter. FPC Investment Advisory Inc. boosted its stake in CrowdStrike by 811.1% in the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock worth $28,000 after purchasing an additional 73 shares during the period. Luken Investment Analytics LLC bought a new position in CrowdStrike in the 4th quarter worth about $34,000. Finally, Crowley Wealth Management Inc. bought a new stake in shares of CrowdStrike during the fourth quarter valued at about $34,000. 71.16% of the stock is currently owned by institutional investors.

Insider Buying and Selling at CrowdStrike

In related news, CAO Anurag Saha sold 1,496 shares of the firm’s stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $358.62, for a total value of $536,495.52. Following the sale, the chief accounting officer now directly owns 36,165 shares in the company, valued at $12,969,492.30. This trade represents a 3.97 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gerhard Watzinger sold 2,600 shares of CrowdStrike stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $378.93, for a total transaction of $985,218.00. Following the sale, the director now owns 60,291 shares in the company, valued at approximately $22,846,068.63. This represents a 4.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 119,401 shares of company stock worth $45,119,220 over the last 90 days. Insiders own 4.34% of the company’s stock.

CrowdStrike Trading Down 1.1 %

NASDAQ CRWD opened at $375.62 on Friday. The company’s fifty day moving average price is $375.78 and its two-hundred day moving average price is $357.75. The company has a market capitalization of $93.11 billion, a price-to-earnings ratio of 736.52, a price-to-earnings-growth ratio of 17.86 and a beta of 1.28. CrowdStrike Holdings, Inc. has a 12 month low of $200.81 and a 12 month high of $455.59. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86.

Analyst Upgrades and Downgrades

CRWD has been the topic of several recent analyst reports. BTIG Research raised CrowdStrike from a “neutral” rating to a “buy” rating and set a $431.00 price target on the stock in a report on Tuesday, March 25th. Susquehanna raised their price target on CrowdStrike from $400.00 to $425.00 and gave the company a “positive” rating in a research report on Wednesday, March 5th. The Goldman Sachs Group reiterated a “buy” rating on shares of CrowdStrike in a report on Wednesday, March 5th. Raymond James cut CrowdStrike from an “outperform” rating to a “cautious” rating in a report on Monday, March 10th. Finally, Stephens began coverage on CrowdStrike in a research report on Tuesday, April 1st. They issued an “overweight” rating and a $450.00 target price for the company. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirty have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, CrowdStrike has an average rating of “Moderate Buy” and an average target price of $400.53.

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.