DRW Securities LLC Sells 880 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

DRW Securities LLC lessened its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 30.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,020 shares of the company’s stock after selling 880 shares during the quarter. DRW Securities LLC’s holdings in CrowdStrike were worth $774,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. raised its position in CrowdStrike by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 16,061,400 shares of the company’s stock worth $5,149,124,000 after purchasing an additional 315,280 shares during the last quarter. First Trust Advisors LP raised its position in shares of CrowdStrike by 19.3% during the fourth quarter. First Trust Advisors LP now owns 2,214,715 shares of the company’s stock worth $565,461,000 after acquiring an additional 358,945 shares during the last quarter. Pathstone Holdings LLC acquired a new position in shares of CrowdStrike during the fourth quarter valued at $450,418,000. Bank of New York Mellon Corp boosted its holdings in CrowdStrike by 47.5% in the second quarter. Bank of New York Mellon Corp now owns 1,753,252 shares of the company’s stock valued at $671,828,000 after acquiring an additional 564,662 shares during the last quarter. Finally, Federated Hermes Inc. increased its position in CrowdStrike by 0.9% in the second quarter. Federated Hermes Inc. now owns 1,112,272 shares of the company’s stock worth $426,212,000 after purchasing an additional 9,564 shares during the period. 71.16% of the stock is owned by institutional investors.

CrowdStrike Trading Up 8.1 %

CrowdStrike stock opened at $299.85 on Monday. The company has a market cap of $72.97 billion, a price-to-earnings ratio of 565.75, a P/E/G ratio of 16.14 and a beta of 1.09. The firm has a 50-day moving average of $265.90 and a 200-day moving average of $312.27. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.90 and a quick ratio of 1.90. CrowdStrike Holdings, Inc. has a one year low of $157.59 and a one year high of $398.33.

CrowdStrike (NASDAQ:CRWD) last posted 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. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The firm had revenue of $963.87 million during the quarter, compared to the consensus estimate of $958.27 million. During the same period last year, the company earned $0.06 earnings per share. The business’s revenue was up 31.7% compared to the same quarter last year. On average, equities analysts expect that CrowdStrike Holdings, Inc. will post 0.56 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CRWD has been the topic of a number of research reports. Evercore ISI cut their target price on shares of CrowdStrike from $350.00 to $325.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 30th. Scotiabank cut their price objective on shares of CrowdStrike from $300.00 to $265.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 14th. Citigroup lowered their target price on shares of CrowdStrike from $345.00 to $300.00 and set a “buy” rating for the company in a report on Wednesday, August 14th. BMO Capital Markets increased their price target on CrowdStrike from $290.00 to $315.00 and gave the company an “outperform” rating in a research note on Thursday, August 29th. Finally, Westpark Capital reaffirmed a “hold” rating on shares of CrowdStrike in a research note on Thursday. One investment analyst has rated the stock with a sell rating, five have given a hold rating, thirty-three have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $327.03.

Insider Buying and Selling

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $260.00, for a total value of $1,040,000.00. Following the completion of the sale, the insider now owns 179,091 shares in the company, valued at $46,563,660. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the company’s 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 sale, the insider now owns 179,091 shares in the company, valued at $46,563,660. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Sameer K. Gandhi sold 15,000 shares of CrowdStrike stock in a transaction that occurred on 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 of the company’s stock, valued at $313,382,009.14. The disclosure for this sale can be found here. Over the last three months, insiders have sold 37,500 shares of company stock worth $13,301,815. Insiders own 4.34% of the company’s stock.

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.