Granite Investment Partners LLC Trims Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Granite Investment Partners LLC lowered its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 0.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 41,318 shares of the company’s stock after selling 62 shares during the quarter. Granite Investment Partners LLC’s holdings in CrowdStrike were worth $15,833,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CRWD. Pathstone Holdings LLC purchased a new stake in CrowdStrike in the fourth quarter valued at $450,418,000. Vanguard Group Inc. raised its holdings in shares of CrowdStrike by 7.0% in the 4th quarter. Vanguard Group Inc. now owns 15,746,120 shares of the company’s stock valued at $4,020,299,000 after buying an additional 1,028,405 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of CrowdStrike by 47.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,753,252 shares of the company’s stock valued at $671,828,000 after buying an additional 564,662 shares during the period. Acadian Asset Management LLC raised its holdings in shares of CrowdStrike by 619.0% in the 1st quarter. Acadian Asset Management LLC now owns 554,876 shares of the company’s stock valued at $177,865,000 after buying an additional 477,706 shares during the period. Finally, Frontier Capital Management Co. LLC purchased a new stake in shares of CrowdStrike in the 4th quarter valued at $100,459,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. BTIG Research downgraded CrowdStrike from a “buy” rating to a “neutral” rating in a report on Monday, July 22nd. Redburn Atlantic downgraded CrowdStrike from a “neutral” rating to a “sell” rating and cut their price objective for the company from $380.00 to $275.00 in a report on Thursday, July 18th. Wedbush reiterated an “outperform” rating and issued a $315.00 price objective on shares of CrowdStrike in a report on Friday, August 9th. DA Davidson reiterated a “buy” rating and issued a $310.00 price objective on shares of CrowdStrike in a report on Wednesday. Finally, Sanford C. Bernstein cut their price target on CrowdStrike from $334.00 to $327.00 and set an “outperform” rating on the stock in a report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, thirty-three have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $327.03.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, Director Sameer K. Gandhi sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $380.21, for a total transaction of $5,703,150.00. Following the completion of the sale, the director now directly owns 824,234 shares of the company’s stock, valued at approximately $313,382,009.14. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Director Sameer K. Gandhi sold 15,000 shares of the stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $380.21, for a total transaction of $5,703,150.00. Following the completion of the transaction, the director now directly owns 824,234 shares of the company’s stock, valued at approximately $313,382,009.14. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Shawn Henry sold 4,000 shares of the stock in a transaction that occurred on 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 transaction, the insider now directly owns 179,091 shares of the company’s stock, valued at $46,563,660. The disclosure for this sale can be found here. Insiders sold a total of 45,577 shares of company stock valued at $16,330,609 in the last ninety days. Insiders own 4.34% of the company’s stock.

CrowdStrike Stock Up 3.8 %

Shares of NASDAQ CRWD opened at $277.38 on Friday. The stock has a market cap of $67.50 billion, a PE ratio of 523.36, a price-to-earnings-growth ratio of 16.14 and a beta of 1.09. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.26. 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 $267.33 and a 200 day moving average price of $312.39.

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

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.