CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Stake Cut by Bard Financial Services Inc.

Bard Financial Services Inc. cut its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 20.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,995 shares of the company’s stock after selling 525 shares during the quarter. Bard Financial Services Inc.’s holdings in CrowdStrike were worth $560,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Burney Co. acquired a new stake in CrowdStrike during the first quarter valued at $1,342,000. Doliver Advisors LP raised its stake in shares of CrowdStrike by 223.2% during the 3rd quarter. Doliver Advisors LP now owns 6,754 shares of the company’s stock worth $1,894,000 after purchasing an additional 4,664 shares in the last quarter. HWG Holdings LP acquired a new stake in shares of CrowdStrike during the 2nd quarter valued at about $2,955,000. Principal Financial Group Inc. grew its stake in shares of CrowdStrike by 429.2% in the 2nd quarter. Principal Financial Group Inc. now owns 298,443 shares of the company’s stock valued at $114,360,000 after buying an additional 242,052 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. increased its holdings in CrowdStrike by 24.3% in the second quarter. Newbridge Financial Services Group Inc. now owns 10,060 shares of the company’s stock worth $3,855,000 after buying an additional 1,966 shares during the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.

CrowdStrike Stock Up 3.0 %

NASDAQ CRWD opened at $292.24 on Friday. CrowdStrike Holdings, Inc. has a 1-year low of $160.92 and a 1-year high of $398.33. The company has a market capitalization of $71.12 billion, a price-to-earnings ratio of 551.40, a PEG ratio of 19.60 and a beta of 1.10. The stock’s 50 day moving average is $261.84 and its two-hundred day moving average is $309.60. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.26.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, beating 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 business had revenue of $963.87 million for the quarter, compared to analyst estimates of $958.27 million. During the same quarter in the previous year, the firm earned $0.06 EPS. CrowdStrike’s quarterly revenue was up 31.7% on a year-over-year basis. Equities analysts forecast that CrowdStrike Holdings, Inc. will post 0.53 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $371.32, for a total value of $1,485,280.00. Following the transaction, the insider now directly owns 183,091 shares of the company’s stock, valued at $67,985,350.12. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $371.32, for a total value of $1,485,280.00. Following the completion of the transaction, the insider now directly owns 183,091 shares of the company’s stock, valued at $67,985,350.12. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, President Michael Sentonas sold 10,776 shares of the stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $297.28, for a total transaction of $3,203,489.28. Following the sale, the president now directly owns 400,390 shares in the company, valued at approximately $119,027,939.20. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 96,962 shares of company stock worth $28,774,798 in the last quarter. 4.34% of the stock is owned by corporate insiders.

Analyst Ratings Changes

CRWD has been the subject of a number of analyst reports. Susquehanna reiterated a “positive” rating and issued a $310.00 target price on shares of CrowdStrike in a research note on Thursday, September 19th. Morgan Stanley reiterated an “overweight” rating and issued a $325.00 price objective on shares of CrowdStrike in a report on Monday, September 9th. Citigroup lowered their target price on shares of CrowdStrike from $345.00 to $300.00 and set a “buy” rating on the stock in a research report on Wednesday, August 14th. Hsbc Global Res raised CrowdStrike from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 30th. Finally, Piper Sandler reiterated an “overweight” rating and set a $290.00 price target on shares of CrowdStrike in a research note on Thursday, September 19th. One 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 issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $326.50.

CrowdStrike Company 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.