Mount Yale Investment Advisors LLC Sells 1,725 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Mount Yale Investment Advisors LLC trimmed its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 28.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,258 shares of the company’s stock after selling 1,725 shares during the period. Mount Yale Investment Advisors LLC’s holdings in CrowdStrike were worth $1,632,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CRWD. Oppenheimer lowered their target price on shares of CrowdStrike from $450.00 to $365.00 and set an “outperform” rating for the company in a research note on Thursday, August 29th. Canaccord Genuity Group lowered their price objective on shares of CrowdStrike from $340.00 to $330.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. JPMorgan Chase & Co. reduced their target price on shares of CrowdStrike from $400.00 to $330.00 and set an “overweight” rating on the stock in a research report on Monday, July 29th. Raymond James decreased their price target on shares of CrowdStrike from $380.00 to $275.00 and set an “outperform” rating for the company in a research note on Thursday, August 29th. Finally, Hsbc Global Res raised CrowdStrike from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 30th. One analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-three have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $327.03.

CrowdStrike Stock Performance

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

CrowdStrike (NASDAQ:CRWD) last released its earnings results on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates 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 company’s revenue was up 31.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.06 earnings per share. As a group, research analysts predict that CrowdStrike Holdings, Inc. will post 0.56 EPS for the current year.

Insider Activity

In related news, Director Sameer K. Gandhi sold 15,000 shares of the firm’s stock in a transaction on Monday, July 1st. The shares were 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 owns 824,234 shares of the company’s stock, valued at $313,382,009.14. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other CrowdStrike news, Director Roxanne S. Austin sold 10,000 shares of the company’s stock in a transaction that occurred 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 sale, the director now owns 18,297 shares in the company, valued at approximately $7,136,012.97. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Sameer K. Gandhi sold 15,000 shares of CrowdStrike stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $380.21, for a total transaction of $5,703,150.00. Following the transaction, the director now directly owns 824,234 shares of the company’s stock, valued at $313,382,009.14. The disclosure for this sale can be found here. Insiders have sold 37,500 shares of company stock valued at $13,301,815 in the last ninety days. Insiders own 4.34% of the company’s stock.

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.