AQR Capital Management LLC Sells 268,180 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

AQR Capital Management LLC cut its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 68.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 125,449 shares of the company’s stock after selling 268,180 shares during the quarter. AQR Capital Management LLC owned approximately 0.05% of CrowdStrike worth $42,924,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Berbice Capital Management LLC acquired a new stake in shares of CrowdStrike during the 4th quarter worth approximately $27,000. Fortitude Family Office LLC increased 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 purchasing an additional 44 shares in the last quarter. FPC Investment Advisory Inc. raised its holdings in shares of CrowdStrike by 811.1% during the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock valued at $28,000 after purchasing an additional 73 shares during the period. Luken Investment Analytics LLC bought a new position in shares of CrowdStrike during the 4th quarter worth about $34,000. Finally, Crowley Wealth Management Inc. acquired a new stake in shares of CrowdStrike in the 4th quarter valued at about $34,000. Institutional investors own 71.16% of the company’s stock.

Insider Activity at CrowdStrike

In other CrowdStrike news, Director Sameer K. Gandhi sold 6,250 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $412.39, for a total value of $2,577,437.50. Following the completion of the transaction, the director now owns 805,592 shares of the company’s stock, valued at $332,218,084.88. The trade was a 0.77 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO George Kurtz sold 22,449 shares of the firm’s stock in a transaction on Friday, March 21st. The shares were sold at an average price of $358.68, for a total transaction of $8,052,007.32. Following the sale, the chief executive officer now owns 2,178,452 shares in the company, valued at approximately $781,367,163.36. This trade represents a 1.02 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 139,125 shares of company stock valued at $53,208,049. Company insiders own 4.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CRWD. Evercore ISI boosted their price objective on CrowdStrike from $400.00 to $450.00 and gave the company an “outperform” rating in a report on Wednesday, March 5th. Baird R W downgraded shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a report on Monday, February 3rd. Piper Sandler set a $347.00 price objective on shares of CrowdStrike in a report on Wednesday, March 5th. Robert W. Baird lowered their target price on shares of CrowdStrike from $440.00 to $405.00 and set a “neutral” rating on the stock in a report on Wednesday, March 5th. Finally, Scotiabank reiterated a “sector perform” rating on shares of CrowdStrike in a research note on Wednesday, February 5th. Two equities research analysts have rated the stock with a sell rating, ten have assigned 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, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $400.76.

CrowdStrike Stock Up 2.0 %

CRWD opened at $440.58 on Friday. The firm has a market capitalization of $109.21 billion, a P/E ratio of 863.90, a price-to-earnings-growth ratio of 17.86 and a beta of 1.28. CrowdStrike Holdings, Inc. has a one year low of $200.81 and a one year high of $455.59. The company has a fifty day moving average price of $371.78 and a 200-day moving average price of $365.54. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86.

CrowdStrike 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.