TD Asset Management Inc Has $82.86 Million Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

TD Asset Management Inc decreased its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 36.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 216,244 shares of the company’s stock after selling 124,157 shares during the quarter. TD Asset Management Inc owned approximately 0.09% of CrowdStrike worth $82,863,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Stablepoint Partners LLC acquired a new stake in shares of CrowdStrike during the 2nd quarter worth about $985,000. Belpointe Asset Management LLC lifted its position in CrowdStrike by 8.0% during the second quarter. Belpointe Asset Management LLC now owns 17,010 shares of the company’s stock worth $6,518,000 after acquiring an additional 1,258 shares during the last quarter. Simon Quick Advisors LLC boosted its holdings in shares of CrowdStrike by 8.1% during the second quarter. Simon Quick Advisors LLC now owns 879 shares of the company’s stock worth $337,000 after acquiring an additional 66 shares during the period. Cozad Asset Management Inc. acquired a new position in shares of CrowdStrike in the second quarter valued at approximately $323,000. Finally, Fortis Capital Advisors LLC increased its stake in shares of CrowdStrike by 7.4% during the second quarter. Fortis Capital Advisors LLC now owns 13,511 shares of the company’s stock worth $5,177,000 after purchasing an additional 931 shares during the period. 71.16% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on CRWD shares. Piper Sandler raised CrowdStrike from a “neutral” rating to an “overweight” rating and decreased their price objective for the company from $310.00 to $290.00 in a report on Tuesday, August 6th. Guggenheim downgraded shares of CrowdStrike from a “buy” rating to a “neutral” rating in a report on Monday, July 22nd. Scotiabank lowered their target price on shares of CrowdStrike from $300.00 to $265.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 14th. JMP Securities reiterated a “market outperform” rating and issued a $400.00 price target on shares of CrowdStrike in a research note on Tuesday, May 14th. Finally, Wedbush restated an “outperform” rating and set a $315.00 price objective on shares of CrowdStrike in a research note on Friday, August 9th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-three have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $327.16.

Insiders Place Their Bets

In other news, insider Shawn Henry sold 4,000 shares of the company’s 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 sale, the insider now directly owns 179,091 shares of the company’s stock, valued at approximately $46,563,660. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $260.00, for a total value of $1,040,000.00. Following the completion of the transaction, the insider now directly owns 179,091 shares of the company’s stock, valued at approximately $46,563,660. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO George Kurtz sold 55,587 shares of the company’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $376.45, for a total value of $20,925,726.15. Following the sale, the chief executive officer now owns 1,127,843 shares in the company, valued at approximately $424,576,497.35. The disclosure for this sale can be found here. In the last 90 days, insiders sold 130,219 shares of company stock worth $48,856,294. 4.34% of the stock is currently owned by insiders.

CrowdStrike Stock Performance

Shares of CrowdStrike stock opened at $246.39 on Friday. The stock has a market cap of $59.96 billion, a price-to-earnings ratio of 464.89, a P/E/G ratio of 13.44 and a beta of 1.09. CrowdStrike Holdings, Inc. has a twelve month low of $157.59 and a twelve month high of $398.33. The company’s fifty day moving average is $289.69 and its 200 day moving average is $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 released 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. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The firm had revenue of $963.87 million for the quarter, compared to analyst estimates of $958.27 million. During the same quarter in the previous year, the company posted $0.06 EPS. The business’s revenue was up 31.7% on a year-over-year basis. Sell-side analysts forecast that CrowdStrike Holdings, Inc. will post 0.81 EPS 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.