Principal Financial Group Inc. lessened its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 9.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 269,477 shares of the company's stock after selling 28,966 shares during the quarter. Principal Financial Group Inc. owned 0.11% of CrowdStrike worth $75,580,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Abich Financial Wealth Management LLC acquired a new stake in shares of CrowdStrike in the second quarter valued at about $25,000. Oakworth Capital Inc. bought a new stake in CrowdStrike during the third quarter valued at $28,000. Tsfg LLC grew its stake in CrowdStrike by 593.3% during the third quarter. Tsfg LLC now owns 104 shares of the company's stock worth $29,000 after purchasing an additional 89 shares during the period. Family Firm Inc. bought a new stake in CrowdStrike in the second quarter worth approximately $30,000. Finally, Castleview Partners LLC acquired a new position in CrowdStrike in the third quarter valued at approximately $32,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.
In other CrowdStrike news, CAO Anurag Saha sold 1,683 shares of the company's stock in a transaction on 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 sale, the chief accounting officer now directly owns 38,962 shares in the company, valued at approximately $11,582,623.36. This represents a 4.14 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Michael Sentonas sold 10,776 shares of CrowdStrike stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $297.28, for a total value of $3,203,489.28. Following the completion of the sale, the president now owns 400,390 shares of the company's stock, valued at $119,027,939.20. The trade was a 2.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 144,498 shares of company stock valued at $45,599,730. 4.34% of the stock is owned by corporate insiders.
CRWD stock opened at $362.29 on Friday. The stock has a fifty day moving average of $336.89 and a 200-day moving average of $315.59. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $398.33. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. The company has a market capitalization of $89.24 billion, a price-to-earnings ratio of 710.39, a PEG ratio of 19.48 and a beta of 1.11.
Several brokerages have recently commented on CRWD. Evercore ISI raised their price objective on shares of CrowdStrike from $325.00 to $400.00 and gave the stock an "outperform" rating in a research report on Monday, November 25th. Robert W. Baird lifted their price target on shares of CrowdStrike from $375.00 to $390.00 and gave the company an "outperform" rating in a research note on Wednesday, November 27th. Argus reduced their target price on CrowdStrike from $400.00 to $325.00 and set a "buy" rating for the company in a research note on Friday, August 30th. UBS Group dropped their price target on CrowdStrike from $330.00 to $310.00 and set a "buy" rating on the stock in a research note on Thursday, August 29th. Finally, Rosenblatt Securities raised their price objective on CrowdStrike from $325.00 to $385.00 and gave the company a "buy" rating in a research note on Monday, November 25th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $361.25.
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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.
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