CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Sold by Brown Brothers Harriman & Co.

Brown Brothers Harriman & Co. trimmed its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 52.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 126 shares of the company’s stock after selling 140 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in CrowdStrike were worth $48,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in CRWD. Pathstone Holdings LLC acquired a new position in shares of CrowdStrike during the fourth quarter valued at 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 last quarter. Bank of New York Mellon Corp lifted its stake 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 during the period. Acadian Asset Management LLC grew its holdings in shares of CrowdStrike by 619.0% during the first quarter. Acadian Asset Management LLC now owns 554,876 shares of the company’s stock valued at $177,865,000 after buying an additional 477,706 shares during the last quarter. Finally, Frontier Capital Management Co. LLC acquired a new position in shares of CrowdStrike in the 4th quarter valued at $100,459,000. 71.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on CRWD. Wells Fargo & Company lowered their price target on CrowdStrike from $435.00 to $350.00 and set an “overweight” rating for the company in a research report on Monday, July 22nd. Robert W. Baird decreased their target price on CrowdStrike from $335.00 to $315.00 and set an “outperform” rating for the company in a report on Thursday, August 29th. Redburn Atlantic downgraded shares of CrowdStrike from a “neutral” rating to a “sell” rating and cut their price target for the stock from $380.00 to $275.00 in a report on Thursday, July 18th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $350.00 price objective on shares of CrowdStrike in a report on Thursday. Finally, Stifel Nicolaus cut their price objective on shares of CrowdStrike from $400.00 to $300.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. One research 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 issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $327.03.

CrowdStrike Stock Performance

NASDAQ CRWD opened at $277.38 on Friday. 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’s fifty day moving average is $267.33 and its two-hundred day moving average is $312.39. The firm has a market capitalization of $67.50 billion, a P/E ratio of 523.36, a price-to-earnings-growth ratio of 16.14 and a beta of 1.09. CrowdStrike Holdings, Inc. has a fifty-two week low of $157.59 and a fifty-two week high of $398.33.

CrowdStrike (NASDAQ:CRWD) last announced 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 firm 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 company posted $0.06 EPS. The company’s revenue was up 31.7% compared to the same quarter last year. On average, research analysts anticipate that CrowdStrike Holdings, Inc. will post 0.56 earnings per share for the current year.

Insider Transactions at CrowdStrike

In related news, Director Roxanne S. Austin sold 10,000 shares of the 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 completion of the transaction, the director now directly owns 18,297 shares in the company, valued at $7,136,012.97. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Roxanne S. Austin sold 10,000 shares of the company’s stock in a transaction 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 transaction, the director now owns 18,297 shares of the company’s stock, valued at approximately $7,136,012.97. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Shawn Henry sold 8,077 shares of the firm’s stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $374.99, for a total value of $3,028,794.23. Following the sale, the insider now directly owns 187,091 shares of the company’s stock, valued at $70,157,254.09. The disclosure for this sale can be found here. Insiders sold 45,577 shares of company stock worth $16,330,609 in the last 90 days. Insiders own 4.34% of the company’s stock.

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.