CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Sold by Capital Investment Advisors LLC

Capital Investment Advisors LLC cut its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 14.1% during the third quarter, Holdings Channel reports. The firm owned 1,715 shares of the company’s stock after selling 282 shares during the period. Capital Investment Advisors LLC’s holdings in CrowdStrike were worth $481,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently modified their holdings of the company. Wellington Management Group LLP raised its position in CrowdStrike by 5,452.5% during the 4th quarter. Wellington Management Group LLP now owns 144,532 shares of the company’s stock worth $36,902,000 after buying an additional 141,929 shares during the last quarter. Fisher Asset Management LLC acquired a new position in CrowdStrike during the fourth quarter valued at $464,000. Ballentine Partners LLC boosted its holdings in CrowdStrike by 25.0% in the first quarter. Ballentine Partners LLC now owns 1,772 shares of the company’s stock valued at $568,000 after purchasing an additional 354 shares during the last quarter. Riverview Trust Co acquired a new stake in CrowdStrike during the 1st quarter worth about $36,000. Finally, Counterpoint Mutual Funds LLC purchased a new position in shares of CrowdStrike during the 1st quarter valued at about $546,000. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

CrowdStrike Stock Down 0.2 %

Shares of NASDAQ:CRWD opened at $309.55 on Tuesday. CrowdStrike Holdings, Inc. has a 52-week low of $170.17 and a 52-week high of $398.33. The stock has a market cap of $75.33 billion, a P/E ratio of 584.06, a PEG ratio of 19.94 and a beta of 1.10. The business has a fifty day moving average of $277.66 and a two-hundred day moving average of $308.20. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.26.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings data 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. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The firm had revenue of $963.87 million during the quarter, compared to analysts’ expectations of $958.27 million. During the same period last year, the business earned $0.06 earnings per share. CrowdStrike’s revenue was up 31.7% compared to the same quarter last year. On average, research analysts expect that CrowdStrike Holdings, Inc. will post 0.53 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Evercore ISI lowered their target price on CrowdStrike from $350.00 to $325.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 30th. Wedbush set a $330.00 target price on shares of CrowdStrike in a report on Thursday. Jefferies Financial Group increased their price target on shares of CrowdStrike from $315.00 to $345.00 and gave the stock a “buy” rating in a report on Tuesday, September 24th. Morgan Stanley reaffirmed an “overweight” rating and issued a $325.00 price objective on shares of CrowdStrike in a report on Monday, September 9th. Finally, Guggenheim lowered shares of CrowdStrike from a “buy” rating to a “neutral” rating in a research note on Monday, July 22nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-one have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $328.74.

Insider Buying and Selling

In other 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 transaction, the chief accounting officer now owns 38,962 shares of the company’s stock, valued at $11,582,623.36. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other CrowdStrike news, CEO George Kurtz sold 55,325 shares of the stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $296.62, for a total transaction of $16,410,501.50. Following the completion of the transaction, the chief executive officer now owns 1,109,746 shares of the company’s stock, valued at $329,172,858.52. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Anurag Saha sold 1,683 shares of the stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $297.28, for a total transaction 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. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 103,212 shares of company stock worth $30,529,413. Company insiders own 4.34% of the company’s stock.

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.