Symmetry Investments LP Cuts Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Symmetry Investments LP cut its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 72.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,000 shares of the company’s stock after selling 10,434 shares during the quarter. Symmetry Investments LP’s holdings in CrowdStrike were worth $1,533,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of CrowdStrike by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 16,061,400 shares of the company’s stock valued at $5,149,124,000 after buying an additional 315,280 shares during the last quarter. First Trust Advisors LP boosted its stake in CrowdStrike by 19.3% during the 4th quarter. First Trust Advisors LP now owns 2,214,715 shares of the company’s stock valued at $565,461,000 after acquiring an additional 358,945 shares during the last quarter. Pathstone Holdings LLC bought a new stake in shares of CrowdStrike in the 4th quarter worth about $450,418,000. Bank of New York Mellon Corp increased its position 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 worth $671,828,000 after purchasing an additional 564,662 shares during the last quarter. Finally, Federated Hermes Inc. raised its stake in shares of CrowdStrike by 0.9% in the 2nd quarter. Federated Hermes Inc. now owns 1,112,272 shares of the company’s stock valued at $426,212,000 after purchasing an additional 9,564 shares in the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Insiders Place Their Bets

In other news, insider Shawn Henry sold 8,077 shares of CrowdStrike 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 transaction, the insider now owns 187,091 shares of the company’s stock, valued at $70,157,254.09. 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 8,077 shares of the firm’s stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $374.99, for a total value of $3,028,794.23. Following the sale, the insider now directly owns 187,091 shares of the company’s stock, valued at $70,157,254.09. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Sameer K. Gandhi sold 15,000 shares of the stock in a transaction that occurred 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 sale, the director now owns 824,234 shares of the company’s stock, valued at approximately $313,382,009.14. The disclosure for this sale can be found here. Insiders sold 45,577 shares of company stock valued at $16,330,609 over the last 90 days. 4.34% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts recently weighed in on CRWD shares. Needham & Company LLC reissued a “buy” rating and issued a $350.00 price objective on shares of CrowdStrike in a report on Friday, September 6th. Argus dropped their price objective on shares of CrowdStrike from $400.00 to $325.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. KeyCorp dropped their price target on CrowdStrike from $440.00 to $420.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 17th. Piper Sandler restated an “overweight” rating and set a $290.00 price target on shares of CrowdStrike in a research report on Thursday. Finally, Royal Bank of Canada decreased their target price on shares of CrowdStrike from $345.00 to $335.00 and set an “outperform” rating for the company in a research report on Thursday, August 29th. One research analyst has rated the stock with a sell rating, five have given a hold rating, thirty-three have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, CrowdStrike has a consensus rating of “Moderate Buy” and an average price target of $327.03.

CrowdStrike Stock Performance

Shares of CRWD stock opened at $299.85 on Friday. CrowdStrike Holdings, Inc. has a fifty-two week low of $157.59 and a fifty-two week high of $398.33. The stock’s 50-day moving average is $265.90 and its two-hundred day moving average is $312.29. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.90 and a quick ratio of 1.90. The firm has a market cap of $72.97 billion, a P/E ratio of 565.75, a PEG ratio of 16.14 and a beta of 1.09.

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