Mirador Capital Partners LP Has $944,000 Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Mirador Capital Partners LP cut its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 27.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,366 shares of the company’s stock after selling 1,298 shares during the period. Mirador Capital Partners LP’s holdings in CrowdStrike were worth $944,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in CRWD. Abich Financial Wealth Management LLC bought a new stake in CrowdStrike in the 2nd quarter valued at $25,000. Family Firm Inc. bought a new position in CrowdStrike during the second quarter worth about $30,000. Itau Unibanco Holding S.A. acquired a new stake in CrowdStrike in the 2nd quarter worth about $33,000. Unique Wealth Strategies LLC acquired a new stake in CrowdStrike in the 2nd quarter worth about $36,000. Finally, Trivant Custom Portfolio Group LLC bought a new stake in CrowdStrike in the 1st quarter valued at about $30,000. Institutional investors own 71.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Stifel Nicolaus cut their price target on CrowdStrike from $400.00 to $300.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Deutsche Bank Aktiengesellschaft reduced their target price on CrowdStrike from $350.00 to $275.00 and set a “hold” rating on the stock in a report on Monday, August 26th. Royal Bank of Canada dropped their price target on CrowdStrike from $345.00 to $335.00 and set an “outperform” rating for the company in a research note on Thursday, August 29th. Redburn Atlantic downgraded shares of CrowdStrike from a “neutral” rating to a “sell” rating and lowered their price objective for the company from $380.00 to $275.00 in a research report on Thursday, July 18th. Finally, Wells Fargo & Company dropped their price objective on CrowdStrike from $435.00 to $350.00 and set an “overweight” rating for the company in a research report on Monday, July 22nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-three have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $326.50.

Insiders Place Their Bets

In related news, CAO Anurag Saha sold 1,683 shares of CrowdStrike stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $297.28, for a total transaction of $500,322.24. Following the sale, the chief accounting officer now directly owns 38,962 shares in the company, valued at $11,582,623.36. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $260.00, for a total transaction of $1,040,000.00. Following the completion of the transaction, the insider now owns 179,091 shares of the company’s stock, valued at approximately $46,563,660. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Anurag Saha sold 1,683 shares of the business’s stock in a transaction that occurred on 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 sale, the chief accounting officer now directly owns 38,962 shares in the company, valued at approximately $11,582,623.36. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 96,962 shares of company stock worth $28,774,798 over the last three months. Company insiders own 4.34% of the company’s stock.

CrowdStrike Trading Up 3.0 %

CRWD traded up $8.49 during midday trading on Friday, reaching $292.24. 3,121,193 shares of the company’s stock traded hands, compared to its average volume of 5,277,903. CrowdStrike Holdings, Inc. has a 52 week low of $160.92 and a 52 week high of $398.33. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.90 and a quick ratio of 1.90. The firm has a fifty day moving average of $261.84 and a two-hundred day moving average of $309.68. The stock has a market capitalization of $71.12 billion, a price-to-earnings ratio of 551.40, a P/E/G ratio of 19.60 and a beta of 1.09.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.07. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The business had revenue of $963.87 million for the quarter, compared to analysts’ expectations of $958.27 million. During the same quarter in the previous year, the business posted $0.06 earnings per share. The firm’s revenue for the quarter was up 31.7% compared to the same quarter last year. On average, equities analysts anticipate that CrowdStrike Holdings, Inc. will post 0.53 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.