New Age Alpha Advisors LLC Decreases Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

New Age Alpha Advisors LLC decreased its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 25.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,000 shares of the company’s stock after selling 2,020 shares during the quarter. CrowdStrike comprises about 1.3% of New Age Alpha Advisors LLC’s portfolio, making the stock its 19th biggest position. New Age Alpha Advisors LLC’s holdings in CrowdStrike were worth $2,299,000 at the end of the most recent quarter.

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

CrowdStrike Stock Down 0.6 %

Shares of NASDAQ CRWD opened at $267.12 on Thursday. CrowdStrike Holdings, Inc. has a 12-month low of $157.59 and a 12-month high of $398.33. The stock has a market cap of $65.01 billion, a P/E ratio of 504.00, a PEG ratio of 16.14 and a beta of 1.09. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.26. The business’s fifty day simple moving average is $269.19 and its 200-day simple moving average is $312.63.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.07. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The business had revenue of $963.87 million during the quarter, compared to analysts’ expectations of $958.27 million. During the same quarter last year, the business posted $0.06 EPS. The business’s quarterly revenue was up 31.7% compared to the same quarter last year. As a group, equities analysts predict that CrowdStrike Holdings, Inc. will post 0.56 EPS for the current fiscal year.

Insider Activity at CrowdStrike

In other CrowdStrike news, Director Roxanne S. Austin sold 10,000 shares of CrowdStrike stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $390.01, for a total transaction of $3,900,100.00. Following the completion of the sale, the director now directly owns 18,297 shares of the company’s stock, valued at approximately $7,136,012.97. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $260.00, for a total transaction of $1,040,000.00. Following the transaction, the insider now owns 179,091 shares of the company’s stock, valued at $46,563,660. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Roxanne S. Austin sold 10,000 shares of the business’s stock in a transaction dated 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 sale, the director now directly owns 18,297 shares of the company’s stock, valued at $7,136,012.97. The disclosure for this sale can be found here. Insiders have sold 130,219 shares of company stock valued at $48,306,394 over the last quarter. 4.34% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts have recently weighed in on CRWD shares. Citigroup cut their price objective on CrowdStrike from $345.00 to $300.00 and set a “buy” rating on the stock in a report on Wednesday, August 14th. Raymond James cut their price target on shares of CrowdStrike from $380.00 to $275.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. 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 research note on Thursday, August 29th. Redburn Atlantic lowered shares of CrowdStrike from a “neutral” rating to a “sell” rating and cut their price objective for the stock from $380.00 to $275.00 in a research note on Thursday, July 18th. Finally, Wells Fargo & Company decreased their target price on shares of CrowdStrike from $435.00 to $350.00 and set an “overweight” rating for the company in a research report on Monday, July 22nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-three have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $327.16.

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.