CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Sold by SouthState Corp

SouthState Corp lowered its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 27.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 268 shares of the company’s stock after selling 101 shares during the period. SouthState Corp’s holdings in CrowdStrike were worth $103,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Arlington Financial Advisors LLC lifted its holdings in CrowdStrike by 1.5% in the second quarter. Arlington Financial Advisors LLC now owns 2,030 shares of the company’s stock valued at $778,000 after acquiring an additional 30 shares during the last quarter. Saturna Capital Corp increased its position in shares of CrowdStrike by 2.7% during the 1st quarter. Saturna Capital Corp now owns 1,273 shares of the company’s stock worth $408,000 after purchasing an additional 33 shares during the last quarter. Means Investment CO. Inc. raised its holdings in CrowdStrike by 1.8% in the 2nd quarter. Means Investment CO. Inc. now owns 1,933 shares of the company’s stock valued at $741,000 after buying an additional 35 shares during the period. Shepherd Financial Partners LLC lifted its position in CrowdStrike by 1.4% in the fourth quarter. Shepherd Financial Partners LLC now owns 2,528 shares of the company’s stock valued at $645,000 after buying an additional 36 shares during the last quarter. Finally, Albion Financial Group UT boosted its stake in CrowdStrike by 3.7% during the first quarter. Albion Financial Group UT now owns 1,096 shares of the company’s stock worth $351,000 after buying an additional 39 shares during the period. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at CrowdStrike

In related news, President Michael Sentonas sold 10,735 shares of the firm’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $380.63, for a total transaction of $4,086,063.05. Following the transaction, the president now owns 411,166 shares of the company’s stock, valued at $156,502,114.58. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other CrowdStrike news, President Michael Sentonas sold 10,735 shares of the stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $380.63, for a total transaction of $4,086,063.05. Following the completion of the sale, the president now directly owns 411,166 shares of the company’s stock, valued at approximately $156,502,114.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Roxanne S. Austin sold 10,000 shares of CrowdStrike stock in a transaction that occurred on Thursday, June 27th. The shares were sold at an average price of $390.01, for a total value of $3,900,100.00. Following the completion of the transaction, the director now owns 18,297 shares in the company, valued at $7,136,012.97. The disclosure for this sale can be found here. Over the last three months, insiders have sold 130,219 shares of company stock worth $48,856,294. 4.34% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

CRWD has been the topic of a number of research analyst reports. TD Cowen reduced their price target on shares of CrowdStrike from $400.00 to $380.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. JPMorgan Chase & Co. decreased their price target on CrowdStrike from $400.00 to $330.00 and set an “overweight” rating on the stock in a research note on Monday, July 29th. Rosenblatt Securities dropped their price objective on CrowdStrike from $350.00 to $330.00 and set a “buy” rating for the company in a research note on Monday, August 26th. Mizuho decreased their target price on CrowdStrike from $390.00 to $370.00 and set a “buy” rating on the stock in a research note on Wednesday, June 5th. Finally, Hsbc Global Res upgraded CrowdStrike from a “hold” rating to a “strong-buy” rating in a report on Friday, August 30th. One investment 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 assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, CrowdStrike presently has a consensus rating of “Moderate Buy” and an average target price of $327.16.

CrowdStrike Stock Down 3.9 %

Shares of NASDAQ CRWD opened at $246.39 on Friday. The stock has a market cap of $59.96 billion, a PE ratio of 464.89, a price-to-earnings-growth ratio of 13.44 and a beta of 1.09. CrowdStrike Holdings, Inc. has a 52-week low of $157.59 and a 52-week high of $398.33. The business has a 50-day moving average price of $289.69 and a 200 day moving average price of $315.83. The company has a quick ratio of 1.80, a current ratio of 1.90 and a debt-to-equity ratio of 0.26.

CrowdStrike (NASDAQ:CRWD) last announced its earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The business had revenue of $963.87 million for the quarter, compared to analyst estimates of $958.27 million. During the same period last year, the firm posted $0.06 earnings per share. The company’s revenue for the quarter was up 31.7% compared to the same quarter last year. Equities research analysts forecast that CrowdStrike Holdings, Inc. will post 0.81 earnings per share for the current year.

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.