CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Sold by Sei Investments Co.

Sei Investments Co. cut its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 10.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 183,349 shares of the company’s stock after selling 20,317 shares during the period. Sei Investments Co. owned about 0.08% of CrowdStrike worth $70,259,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Burney Co. acquired a new stake in CrowdStrike during the 1st quarter valued at approximately $1,342,000. Principal Financial Group Inc. raised its holdings in CrowdStrike by 429.2% in the second quarter. Principal Financial Group Inc. now owns 298,443 shares of the company’s stock valued at $114,360,000 after acquiring an additional 242,052 shares in the last quarter. BNP Paribas acquired a new position in CrowdStrike during the 1st quarter worth $2,685,000. Swedbank AB bought a new stake in shares of CrowdStrike in the 1st quarter worth about $73,972,000. Finally, Wellington Management Group LLP raised its stake in shares of CrowdStrike by 5,452.5% in the 4th quarter. Wellington Management Group LLP now owns 144,532 shares of the company’s stock valued at $36,902,000 after purchasing an additional 141,929 shares in the last quarter. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CRWD has been the subject of several research analyst reports. Westpark Capital reissued a “hold” rating on shares of CrowdStrike in a report on Thursday. Deutsche Bank Aktiengesellschaft lowered their price target on CrowdStrike from $350.00 to $275.00 and set a “hold” rating for the company in a report on Monday, August 26th. Oppenheimer dropped their price target on CrowdStrike from $450.00 to $365.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. Needham & Company LLC reiterated a “buy” rating and set a $350.00 target price on shares of CrowdStrike in a research note on Friday, September 6th. Finally, Canaccord Genuity Group decreased their price target on shares of CrowdStrike from $340.00 to $330.00 and set a “buy” rating for the company in a report on Thursday, August 29th. One investment 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 given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $327.03.

Insider Activity

In related news, insider Shawn Henry sold 8,077 shares of CrowdStrike 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 transaction, the insider now owns 187,091 shares of the company’s stock, valued at approximately $70,157,254.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Roxanne S. Austin sold 10,000 shares of the stock in a transaction on Thursday, June 27th. The stock was 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 owns 18,297 shares in the company, valued at $7,136,012.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Shawn Henry sold 8,077 shares of CrowdStrike stock in a transaction 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 in the company, valued at approximately $70,157,254.09. 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 over the last three months. Insiders own 4.34% of the company’s stock.

CrowdStrike Stock Performance

NASDAQ:CRWD opened at $299.85 on Friday. 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 50-day moving average of $265.90 and a 200-day moving average of $312.40. CrowdStrike Holdings, Inc. has a twelve month low of $157.59 and a twelve month high of $398.33. The firm has a market cap of $72.97 billion, a price-to-earnings ratio of 565.75, a price-to-earnings-growth ratio of 16.14 and a beta of 1.09.

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

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.