Meiji Yasuda Asset Management Co Ltd. Cuts Stock Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Meiji Yasuda Asset Management Co Ltd. lessened its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 1.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,775 shares of the company’s stock after selling 81 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in CrowdStrike were worth $1,830,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mercer Global Advisors Inc. ADV increased its holdings in shares of CrowdStrike by 35.3% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 16,186 shares of the company’s stock valued at $6,294,000 after purchasing an additional 4,222 shares in the last quarter. SYSTM Wealth Solutions LLC increased its holdings in CrowdStrike by 1,803.3% in the second quarter. SYSTM Wealth Solutions LLC now owns 4,016 shares of the company’s stock valued at $1,539,000 after buying an additional 3,805 shares in the last quarter. E Fund Management Co. Ltd. lifted its position in shares of CrowdStrike by 144.0% during the 2nd quarter. E Fund Management Co. Ltd. now owns 4,645 shares of the company’s stock valued at $1,780,000 after acquiring an additional 2,741 shares during the period. Bradley Foster & Sargent Inc. CT boosted its stake in shares of CrowdStrike by 16.7% during the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 33,397 shares of the company’s stock worth $12,797,000 after acquiring an additional 4,771 shares in the last quarter. Finally, Mutual of America Capital Management LLC acquired a new stake in shares of CrowdStrike in the 2nd quarter worth approximately $11,134,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

Insider Activity

In other news, Director Sameer K. Gandhi sold 15,000 shares of the company’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $380.21, for a total value of $5,703,150.00. Following the completion of the transaction, the director now directly owns 824,234 shares in the company, valued at $313,382,009.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Sameer K. Gandhi sold 15,000 shares of the business’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $380.21, for a total value of $5,703,150.00. Following the transaction, the director now owns 824,234 shares in the company, valued at $313,382,009.14. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Shawn Henry sold 8,077 shares of the firm’s stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $374.99, for a total value of $3,028,794.23. Following the sale, the insider now owns 187,091 shares of the company’s stock, valued at approximately $70,157,254.09. The disclosure for this sale can be found here. Insiders have sold 45,577 shares of company stock worth $16,330,609 over the last 90 days. Company insiders own 4.34% of the company’s stock.

CrowdStrike Stock Up 3.8 %

Shares of CrowdStrike stock opened at $277.38 on Friday. CrowdStrike Holdings, Inc. has a twelve month low of $157.59 and a twelve month high of $398.33. The stock has a market cap of $67.50 billion, a price-to-earnings ratio of 523.36, a price-to-earnings-growth 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 company has a fifty day moving average price of $267.33 and a 200 day moving average price of $312.39.

CrowdStrike (NASDAQ:CRWD) last issued its earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.07. The company 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 company’s revenue was up 31.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.06 earnings per share. Equities research analysts forecast that CrowdStrike Holdings, Inc. will post 0.56 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CRWD. Citigroup reduced their price objective on CrowdStrike from $345.00 to $300.00 and set a “buy” rating for the company in a report on Wednesday, August 14th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $350.00 price objective on shares of CrowdStrike in a research report on Thursday. Oppenheimer lowered their price objective on shares of CrowdStrike from $450.00 to $365.00 and set an “outperform” rating on the stock in a research note on Thursday, August 29th. Stifel Nicolaus cut their target price on shares of CrowdStrike from $400.00 to $300.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $290.00 price target on shares of CrowdStrike in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-three have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $327.03.

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.