Intech Investment Management LLC Sells 702 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Intech Investment Management LLC reduced its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 6.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,990 shares of the company’s stock after selling 702 shares during the period. Intech Investment Management LLC’s holdings in CrowdStrike were worth $3,828,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of 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 purchasing an additional 315,280 shares during the period. First Trust Advisors LP increased its holdings 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 buying an additional 358,945 shares during the period. Pathstone Holdings LLC acquired a new position in shares of CrowdStrike in the 4th quarter valued at approximately $450,418,000. Bank of New York Mellon Corp lifted its holdings 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 period. Finally, Federated Hermes Inc. boosted its position in shares of CrowdStrike by 0.9% during the 2nd quarter. Federated Hermes Inc. now owns 1,112,272 shares of the company’s stock worth $426,212,000 after acquiring an additional 9,564 shares in the last quarter. 71.16% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on CRWD shares. BTIG Research cut CrowdStrike from a “buy” rating to a “neutral” rating in a research note on Monday, July 22nd. Truist Financial reaffirmed a “buy” rating and issued a $325.00 price objective on shares of CrowdStrike in a research note on Wednesday, August 28th. Piper Sandler reissued an “overweight” rating and set a $290.00 target price on shares of CrowdStrike in a research note on Thursday. TD Cowen reduced their price target on shares of CrowdStrike from $400.00 to $380.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. Finally, Robert W. Baird dropped their price objective on shares of CrowdStrike from $335.00 to $315.00 and set an “outperform” rating for the company in a research note on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-three have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $327.03.

Insider Transactions at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction 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 sale, the insider now owns 179,091 shares in the company, valued at approximately $46,563,660. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $260.00, for a total value of $1,040,000.00. Following the transaction, the insider now owns 179,091 shares of the company’s stock, valued at approximately $46,563,660. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Sameer K. Gandhi sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $380.21, for a total value of $5,703,150.00. Following the sale, 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 45,577 shares of company stock valued at $16,330,609 over the last ninety days. 4.34% of the stock is owned by company insiders.

CrowdStrike Stock Up 8.1 %

Shares of NASDAQ CRWD opened at $299.85 on Friday. The company’s fifty day simple moving average is $265.90 and its 200 day simple moving average is $312.40. CrowdStrike Holdings, Inc. has a 12-month low of $157.59 and a 12-month high of $398.33. The firm has a market cap of $72.97 billion, a PE ratio of 565.75, a P/E/G ratio of 16.14 and a beta of 1.09. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.26.

CrowdStrike (NASDAQ:CRWD) last issued its earnings results on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. The business had revenue of $963.87 million during the quarter, compared to analyst estimates of $958.27 million. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The firm’s revenue was up 31.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.06 EPS. As a group, sell-side analysts forecast that CrowdStrike Holdings, Inc. will post 0.56 earnings per share for the current fiscal year.

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.