Meeder Asset Management Inc. Has $41,000 Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Meeder Asset Management Inc. lowered its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 86.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 108 shares of the company’s stock after selling 663 shares during the period. Meeder Asset Management Inc.’s holdings in CrowdStrike were worth $41,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in CRWD. Trivant Custom Portfolio Group LLC bought a new position in CrowdStrike in the 1st quarter worth approximately $30,000. Family Firm Inc. purchased a new stake in CrowdStrike in the 2nd quarter worth approximately $30,000. Johnson Financial Group Inc. purchased a new stake in CrowdStrike in the 4th quarter worth approximately $31,000. Northwest Bank & Trust Co purchased a new stake in CrowdStrike in the 4th quarter worth approximately $32,000. Finally, Future Financial Wealth Managment LLC purchased a new stake in CrowdStrike in the 1st quarter worth approximately $32,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

CrowdStrike Trading Up 0.8 %

Shares of NASDAQ CRWD opened at $259.13 on Monday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.90 and a quick ratio of 1.90. The stock has a market cap of $63.06 billion, a P/E ratio of 488.92, a price-to-earnings-growth ratio of 16.14 and a beta of 1.09. CrowdStrike Holdings, Inc. has a 1 year low of $157.59 and a 1 year high of $398.33. The firm has a 50-day moving average of $276.14 and a 200 day moving average of $313.67.

CrowdStrike (NASDAQ:CRWD) last issued its earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.07. The business had revenue of $963.87 million during the quarter, compared to analysts’ expectations of $958.27 million. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The business’s revenue for the quarter was up 31.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.06 earnings per share. As a group, sell-side analysts expect that CrowdStrike Holdings, Inc. will post 0.56 EPS for the current fiscal year.

Insiders Place Their Bets

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $260.00, for a total value of $1,040,000.00. Following the completion of the transaction, the insider now directly owns 179,091 shares of the company’s stock, valued at $46,563,660. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $260.00, for a total transaction of $1,040,000.00. Following the completion of the transaction, the insider now directly owns 179,091 shares of the company’s stock, valued at $46,563,660. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Michael Sentonas sold 10,735 shares of the business’s stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $380.63, for a total transaction of $4,086,063.05. Following the transaction, the president now directly owns 411,166 shares of the company’s stock, valued at $156,502,114.58. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 125,719 shares of company stock valued at $47,133,109. Insiders own 4.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Evercore ISI lowered their target price on shares of CrowdStrike from $350.00 to $325.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 30th. Argus lowered their price objective on shares of CrowdStrike from $400.00 to $325.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. BMO Capital Markets raised their price objective on shares of CrowdStrike from $290.00 to $315.00 and gave the company an “outperform” rating in a research report on Thursday, August 29th. TD Cowen lowered their price objective on shares of CrowdStrike from $400.00 to $380.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. Finally, The Goldman Sachs Group lowered their price objective on shares of CrowdStrike from $400.00 to $295.00 and set a “buy” rating on the stock in a research report on Thursday, August 15th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-three have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, CrowdStrike has a consensus rating of “Moderate Buy” and an average price target of $327.16.

CrowdStrike Company 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.