CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Sold by Seaport Global Advisors LLC

Seaport Global Advisors LLC lessened its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 35.0% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 1,289 shares of the company’s stock after selling 695 shares during the period. CrowdStrike makes up 1.8% of Seaport Global Advisors LLC’s portfolio, making the stock its 26th largest position. Seaport Global Advisors LLC’s holdings in CrowdStrike were worth $494,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Abich Financial Wealth Management LLC acquired a new stake in shares of CrowdStrike in the 2nd quarter worth $25,000. Trivant Custom Portfolio Group LLC acquired a new stake in CrowdStrike in the first quarter valued at about $30,000. Family Firm Inc. acquired a new stake in CrowdStrike in the second quarter valued at about $30,000. Northwest Bank & Trust Co purchased a new stake in CrowdStrike in the 4th quarter valued at approximately $32,000. Finally, Future Financial Wealth Managment LLC purchased a new position in shares of CrowdStrike during the 1st quarter worth approximately $32,000. 71.16% of the stock is owned by hedge funds and other institutional investors.

CrowdStrike Price Performance

CRWD opened at $285.86 on Monday. CrowdStrike Holdings, Inc. has a 1 year low of $160.86 and a 1 year high of $398.33. The company’s 50 day simple moving average is $259.63 and its 200 day simple moving average is $310.90. The stock has a market capitalization of $69.57 billion, a PE ratio of 539.36, a P/E/G ratio of 19.60 and a beta of 1.09. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.90 and a current ratio of 1.90.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. The company had revenue of $963.87 million for the quarter, compared to analyst estimates of $958.27 million. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. CrowdStrike’s revenue for the quarter was up 31.7% on a year-over-year basis. During the same quarter last year, the business earned $0.06 EPS. As a group, sell-side analysts expect that CrowdStrike Holdings, Inc. will post 0.53 EPS for the current year.

Insiders Place Their Bets

In other news, CAO Anurag Saha sold 1,683 shares of CrowdStrike stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $297.28, for a total value of $500,322.24. Following the transaction, the chief accounting officer now directly owns 38,962 shares of the company’s stock, valued at approximately $11,582,623.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Shawn Henry sold 4,000 shares of the stock in a transaction on 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 sale, the insider now owns 179,091 shares of the company’s stock, valued at $46,563,660. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Anurag Saha sold 1,683 shares of CrowdStrike stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $297.28, for a total transaction of $500,322.24. Following the transaction, the chief accounting officer now owns 38,962 shares in the company, valued at approximately $11,582,623.36. The disclosure for this sale can be found here. Insiders sold 96,962 shares of company stock worth $28,774,798 over the last three months. 4.34% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CRWD. The Goldman Sachs Group decreased their price target on CrowdStrike from $400.00 to $295.00 and set a “buy” rating on the stock in a research note on Thursday, August 15th. Raymond James lowered their price target on shares of CrowdStrike from $380.00 to $275.00 and set an “outperform” rating on the stock in a research note on Thursday, August 29th. Wedbush reiterated an “outperform” rating and issued a $315.00 price objective on shares of CrowdStrike in a research note on Friday, August 9th. DA Davidson restated a “buy” rating and set a $310.00 target price on shares of CrowdStrike in a research report on Wednesday, September 18th. Finally, Susquehanna reiterated a “positive” rating and set a $310.00 price target on shares of CrowdStrike in a research report on Thursday, September 19th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, thirty-three have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $326.50.

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.