CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Sold by Beck Bode LLC

Beck Bode LLC lessened its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 7.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 34,683 shares of the company’s stock after selling 2,782 shares during the period. CrowdStrike makes up about 2.7% of Beck Bode LLC’s portfolio, making the stock its 10th largest holding. Beck Bode LLC’s holdings in CrowdStrike were worth $13,290,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in CrowdStrike by 2.0% during the first quarter. Vanguard Group Inc. now owns 16,061,400 shares of the company’s stock worth $5,149,124,000 after acquiring an additional 315,280 shares in the last quarter. First Trust Advisors LP lifted its stake in CrowdStrike by 19.3% in the 4th quarter. First Trust Advisors LP now owns 2,214,715 shares of the company’s stock valued at $565,461,000 after purchasing an additional 358,945 shares during the last quarter. Pathstone Holdings LLC acquired a new stake in CrowdStrike in the fourth quarter valued at approximately $450,418,000. Bank of New York Mellon Corp increased its holdings in shares of CrowdStrike by 47.5% during the second quarter. Bank of New York Mellon Corp now owns 1,753,252 shares of the company’s stock worth $671,828,000 after buying an additional 564,662 shares in the last quarter. Finally, Federated Hermes Inc. lifted 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 acquiring an additional 9,564 shares during the last quarter. 71.16% of the stock is owned by institutional investors.

Insider Transactions at CrowdStrike

In related news, Director Sameer K. Gandhi sold 15,000 shares of the firm’s 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 completion of the transaction, the director now directly owns 824,234 shares of the company’s stock, valued at approximately $313,382,009.14. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director Sameer K. Gandhi sold 15,000 shares of the business’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $380.21, for a total transaction of $5,703,150.00. Following the sale, the director now directly owns 824,234 shares in the company, valued at approximately $313,382,009.14. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Anurag Saha sold 1,683 shares of the firm’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $297.28, for a total value of $500,322.24. Following the completion of the transaction, the chief accounting officer now owns 38,962 shares of the company’s stock, valued at approximately $11,582,623.36. The disclosure for this sale can be found here. Insiders sold 111,962 shares of company stock worth $34,477,948 over the last quarter. Corporate insiders own 4.34% of the company’s stock.

CrowdStrike Price Performance

CrowdStrike stock opened at $285.86 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 business’s 50 day simple moving average is $260.01 and its 200 day simple moving average is $311.39. CrowdStrike Holdings, Inc. has a 12 month low of $160.86 and a 12 month high of $398.33. The company has a market cap of $69.57 billion, a price-to-earnings ratio of 539.36, a PEG ratio of 19.60 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 for the quarter, topping the consensus estimate of $0.97 by $0.07. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The company had revenue of $963.87 million during the quarter, compared to the consensus estimate of $958.27 million. During the same quarter in the prior year, the company earned $0.06 EPS. The firm’s quarterly revenue was up 31.7% compared to the same quarter last year. Sell-side analysts forecast that CrowdStrike Holdings, Inc. will post 0.53 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CRWD. UBS Group reduced their price objective on CrowdStrike from $330.00 to $310.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. TD Cowen dropped their price objective on shares of CrowdStrike from $400.00 to $380.00 and set a “buy” rating for the company in a report on Thursday, August 29th. Westpark Capital reissued a “hold” rating on shares of CrowdStrike in a report on Thursday, September 19th. Barclays raised their price target on shares of CrowdStrike from $285.00 to $295.00 and gave the company an “overweight” rating in a research note on Thursday, August 29th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of CrowdStrike from $400.00 to $330.00 and set an “overweight” rating on the stock in a research note on Monday, July 29th. One 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 issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $326.50.

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.