SouthState Corp Lowers Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

SouthState Corp trimmed its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 27.4% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 268 shares of the company’s stock after selling 101 shares during the period. SouthState Corp’s holdings in CrowdStrike were worth $103,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the business. MGO Private Wealth LLC boosted its holdings in CrowdStrike by 3.9% during the second quarter. MGO Private Wealth LLC now owns 2,217 shares of the company’s stock worth $850,000 after buying an additional 84 shares in the last quarter. Stablepoint Partners LLC purchased a new stake in shares of CrowdStrike during the 2nd quarter worth approximately $985,000. Belpointe Asset Management LLC grew its holdings in shares of CrowdStrike by 8.0% in the 2nd quarter. Belpointe Asset Management LLC now owns 17,010 shares of the company’s stock worth $6,518,000 after acquiring an additional 1,258 shares during the period. Simon Quick Advisors LLC increased its stake in CrowdStrike by 8.1% in the 2nd quarter. Simon Quick Advisors LLC now owns 879 shares of the company’s stock valued at $337,000 after purchasing an additional 66 shares in the last quarter. Finally, Cozad Asset Management Inc. acquired a new position in CrowdStrike during the second quarter worth $323,000. 71.16% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at CrowdStrike

In other news, CAO Anurag Saha sold 1,662 shares of the business’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $380.63, for a total transaction of $632,607.06. Following the transaction, the chief accounting officer now directly owns 40,645 shares of the company’s stock, valued at $15,470,706.35. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other CrowdStrike news, insider Shawn Henry sold 4,500 shares of the company’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $382.93, for a total value of $1,723,185.00. Following the transaction, the insider now directly owns 200,672 shares of the company’s stock, valued at approximately $76,843,328.96. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Anurag Saha sold 1,662 shares of the firm’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $380.63, for a total transaction of $632,607.06. Following the sale, the chief accounting officer now directly owns 40,645 shares of the company’s stock, valued at approximately $15,470,706.35. The disclosure for this sale can be found here. Insiders sold 130,219 shares of company stock valued at $48,856,294 over the last 90 days. 4.34% of the stock is owned by corporate insiders.

CrowdStrike Stock Performance

NASDAQ:CRWD opened at $246.39 on Friday. CrowdStrike Holdings, Inc. has a twelve month low of $157.59 and a twelve month high of $398.33. The firm has a market capitalization of $59.96 billion, a price-to-earnings ratio of 464.89, a PEG ratio of 13.44 and a beta of 1.09. The company has a current ratio of 1.90, a quick ratio of 1.80 and a debt-to-equity ratio of 0.26. The firm’s fifty day simple moving average is $289.69 and its 200 day simple moving average is $315.83.

CrowdStrike (NASDAQ:CRWD) last issued its earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.07. The company had revenue of $963.87 million during the quarter, compared to the consensus estimate of $958.27 million. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The company’s revenue was up 31.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.06 earnings per share. As a group, equities research analysts expect that CrowdStrike Holdings, Inc. will post 0.81 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CRWD has been the topic of several research reports. The Goldman Sachs Group lowered their target price on CrowdStrike from $400.00 to $295.00 and set a “buy” rating on the stock in a report on Thursday, August 15th. Wells Fargo & Company lowered their price objective on shares of CrowdStrike from $435.00 to $350.00 and set an “overweight” rating on the stock in a research note on Monday, July 22nd. Needham & Company LLC restated a “buy” rating and set a $350.00 target price on shares of CrowdStrike in a research report on Friday. Redburn Atlantic lowered shares of CrowdStrike from a “neutral” rating to a “sell” rating and lowered their price target for the company from $380.00 to $275.00 in a research report on Thursday, July 18th. Finally, Westpark Capital restated a “hold” rating on shares of CrowdStrike in a research report on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-three have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $327.16.

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.