Atria Investments Inc Reduces Stock Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Atria Investments Inc reduced its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 19.6% during the third quarter, Holdings Channel reports. The firm owned 9,413 shares of the company’s stock after selling 2,288 shares during the quarter. Atria Investments Inc’s holdings in CrowdStrike were worth $2,640,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Abich Financial Wealth Management LLC purchased a new stake in shares of CrowdStrike in the 2nd quarter worth about $25,000. Oakworth Capital Inc. bought a new position in shares of CrowdStrike during the third quarter valued at approximately $28,000. Tsfg LLC lifted its holdings in shares of CrowdStrike by 593.3% during the third quarter. Tsfg LLC now owns 104 shares of the company’s stock valued at $29,000 after purchasing an additional 89 shares during the last quarter. Family Firm Inc. purchased a new stake in shares of CrowdStrike in the 2nd quarter worth approximately $30,000. Finally, Castleview Partners LLC bought a new position in CrowdStrike during the 3rd quarter valued at approximately $32,000. 71.16% of the stock is currently owned by institutional investors.

Insider Buying and Selling at CrowdStrike

In other news, CAO Anurag Saha sold 1,683 shares of the firm’s 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 completion of the transaction, the chief accounting officer now owns 38,962 shares in the company, valued at $11,582,623.36. This trade represents a 4.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Sameer K. Gandhi sold 5,036 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $320.48, for a total value of $1,613,937.28. Following the completion of the sale, the director now owns 816,730 shares in the company, valued at $261,745,630.40. This represents a 0.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 104,248 shares of company stock valued at $31,103,350 in the last three months. 4.34% of the stock is currently owned by corporate insiders.

CrowdStrike Stock Performance

CRWD opened at $344.36 on Friday. The firm has a market cap of $84.41 billion, a P/E ratio of 505.57, a PEG ratio of 23.22 and a beta of 1.10. CrowdStrike Holdings, Inc. has a 1-year low of $198.86 and a 1-year high of $398.33. The company has a 50 day simple moving average of $294.23 and a two-hundred day simple moving average of $309.66. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.90 and a quick ratio of 1.90.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. The business had revenue of $963.87 million for the quarter, compared to analysts’ expectations of $958.27 million. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The business’s quarterly revenue was up 31.7% on a year-over-year basis. During the same period last year, the firm earned $0.06 earnings per share. Equities analysts forecast that CrowdStrike Holdings, Inc. will post 0.52 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on CRWD shares. BTIG Research cut CrowdStrike from a “buy” rating to a “neutral” rating in a research note on Monday, July 22nd. Wells Fargo & Company reduced their price objective on shares of CrowdStrike from $435.00 to $350.00 and set an “overweight” rating for the company in a research note on Monday, July 22nd. Scotiabank dropped their target price on shares of CrowdStrike from $300.00 to $265.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 14th. UBS Group decreased their price objective on shares of CrowdStrike from $330.00 to $310.00 and set a “buy” rating for the company in a report on Thursday, August 29th. Finally, Oppenheimer cut their target price on CrowdStrike from $450.00 to $365.00 and set an “outperform” rating on the stock in a research note on Thursday, August 29th. One analyst has rated the stock with a sell rating, six have given a hold rating, thirty-one have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $328.74.

CrowdStrike 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.