CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Sold by Evanson Asset Management LLC

Evanson Asset Management LLC trimmed its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 81.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,163 shares of the company’s stock after selling 5,270 shares during the period. Evanson Asset Management LLC’s holdings in CrowdStrike were worth $326,000 at the end of the most recent reporting period.

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

CrowdStrike Stock Up 2.1 %

Shares of CrowdStrike stock opened at $293.01 on Wednesday. CrowdStrike Holdings, Inc. has a 1-year low of $170.17 and a 1-year high of $398.33. The company has a market capitalization of $71.31 billion, a PE ratio of 552.85, a P/E/G ratio of 19.60 and a beta of 1.10. 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 business has a 50-day moving average of $262.40 and a 200-day moving average of $309.18.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings data 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 firm had revenue of $963.87 million during the quarter, compared to analyst estimates of $958.27 million. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. CrowdStrike’s quarterly revenue was up 31.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.06 EPS. As a group, equities analysts forecast that CrowdStrike Holdings, Inc. will post 0.53 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CAO Anurag Saha sold 1,683 shares of the company’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $297.28, for a total value of $500,322.24. Following the sale, the chief accounting officer now owns 38,962 shares in the company, valued at approximately $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 can be accessed through this hyperlink. In other CrowdStrike news, CEO George Kurtz sold 55,325 shares of the stock in a transaction on 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 sale, the chief executive officer now directly owns 1,109,746 shares of the company’s stock, valued at approximately $329,172,858.52. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 approximately $11,582,623.36. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 96,962 shares of company stock valued at $28,774,798 in the last ninety days. Corporate insiders own 4.34% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on CRWD shares. Raymond James decreased their price objective on shares of CrowdStrike from $380.00 to $275.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. Redburn Atlantic downgraded shares of CrowdStrike from a “neutral” rating to a “sell” rating and reduced their price target for the company from $380.00 to $275.00 in a report on Thursday, July 18th. Barclays increased their price target on shares of CrowdStrike from $285.00 to $295.00 and gave the company an “overweight” rating in a research report on Thursday, August 29th. Evercore ISI cut their price objective on CrowdStrike from $350.00 to $325.00 and set an “outperform” rating for the company in a research report on Tuesday, July 30th. Finally, Morgan Stanley reissued an “overweight” rating and set a $325.00 price target on shares of CrowdStrike in a research report on Monday, September 9th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-three have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $325.44.

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.