Almanack Investment Partners LLC. Reduces Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Almanack Investment Partners LLC. decreased its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD – Get Rating) by 47.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 625 shares of the company’s stock after selling 566 shares during the period. Almanack Investment Partners LLC.’s holdings in CrowdStrike were worth $103,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in CRWD. Zullo Investment Group Inc. lifted its holdings in CrowdStrike by 1.9% during the 2nd quarter. Zullo Investment Group Inc. now owns 2,990 shares of the company’s stock worth $504,000 after buying an additional 55 shares in the last quarter. Nwam LLC lifted its holdings in CrowdStrike by 2.2% during the 2nd quarter. Nwam LLC now owns 2,802 shares of the company’s stock worth $523,000 after buying an additional 60 shares in the last quarter. SeaCrest Wealth Management LLC lifted its holdings in CrowdStrike by 6.2% during the 2nd quarter. SeaCrest Wealth Management LLC now owns 1,082 shares of the company’s stock worth $182,000 after buying an additional 63 shares in the last quarter. Pacific Wealth Strategies Group Inc. lifted its holdings in CrowdStrike by 0.9% during the 3rd quarter. Pacific Wealth Strategies Group Inc. now owns 7,605 shares of the company’s stock worth $1,253,000 after buying an additional 65 shares in the last quarter. Finally, Ameritas Investment Partners Inc. lifted its holdings in CrowdStrike by 1.4% during the 1st quarter. Ameritas Investment Partners Inc. now owns 4,562 shares of the company’s stock worth $1,036,000 after buying an additional 65 shares in the last quarter. Hedge funds and other institutional investors own 65.05% of the company’s stock.

Analyst Upgrades and Downgrades

CRWD has been the subject of several recent analyst reports. Cowen decreased their price objective on shares of CrowdStrike from $220.00 to $180.00 and set an “outperform” rating for the company in a research report on Wednesday, November 30th. Citigroup upped their price objective on CrowdStrike from $145.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, March 8th. Mizuho lowered their price objective on CrowdStrike from $205.00 to $175.00 and set a “buy” rating for the company in a research report on Wednesday, November 30th. JPMorgan Chase & Co. upped their price objective on CrowdStrike from $137.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, March 8th. Finally, Robert W. Baird lowered their price objective on CrowdStrike from $237.00 to $185.00 and set an “outperform” rating for the company in a research report on Wednesday, November 30th. Five equities research analysts have rated the stock with a hold rating and thirty-five have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $173.14.

CrowdStrike Stock Performance

NASDAQ CRWD opened at $128.01 on Wednesday. CrowdStrike Holdings, Inc. has a 1-year low of $92.25 and a 1-year high of $242.00. The company has a market capitalization of $30.00 billion, a P/E ratio of -162.04 and a beta of 1.02. The business has a 50 day moving average price of $111.17 and a 200 day moving average price of $133.85. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.73 and a quick ratio of 1.73.

Insider Activity at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 7,556 shares of the stock in a transaction on Wednesday, December 21st. The stock was sold at an average price of $108.90, for a total transaction of $822,848.40. Following the sale, the insider now owns 166,998 shares in the company, valued at approximately $18,186,082.20. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other CrowdStrike news, CAO Anurag Saha sold 1,165 shares of the stock in a transaction on Wednesday, December 21st. The stock was sold at an average price of $108.90, for a total transaction of $126,868.50. Following the sale, the chief accounting officer now owns 33,301 shares in the company, valued at approximately $3,626,478.90. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Shawn Henry sold 7,556 shares of the stock in a transaction on Wednesday, December 21st. The shares were sold at an average price of $108.90, for a total value of $822,848.40. Following the sale, the insider now owns 166,998 shares in the company, valued at approximately $18,186,082.20. The disclosure for this sale can be found here. Insiders sold 109,252 shares of company stock valued at $11,807,218 in the last ninety days. Corporate insiders own 6.82% of the company’s stock.

About CrowdStrike

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CrowdStrike Holdings, Inc provides cybersecurity products and services to stop breaches. It offers cloud-delivered protection across endpoints, cloud workloads, identity and data, and threat intelligence, managed security services, IT operations management, threat hunting, Zero Trust identity protection, and log management.