CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Sold by HighVista Strategies LLC

HighVista Strategies LLC reduced its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 13.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,200 shares of the company’s stock after selling 500 shares during the quarter. HighVista Strategies LLC’s holdings in CrowdStrike were worth $1,226,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Delap Wealth Advisory LLC boosted its position in shares of CrowdStrike by 39.3% during the 2nd quarter. Delap Wealth Advisory LLC now owns 2,114 shares of the company’s stock worth $810,000 after acquiring an additional 596 shares in the last quarter. Edge Capital Group LLC boosted its position in shares of CrowdStrike by 1.6% in the 2nd quarter. Edge Capital Group LLC now owns 3,281 shares of the company’s stock valued at $1,257,000 after purchasing an additional 52 shares during the period. EverSource Wealth Advisors LLC boosted its position in shares of CrowdStrike by 2.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 14,928 shares of the company’s stock valued at $5,720,000 after purchasing an additional 404 shares during the period. Fairscale Capital LLC acquired a new stake in shares of CrowdStrike in the 2nd quarter valued at about $54,000. Finally, Itau Unibanco Holding S.A. acquired a new stake in shares of CrowdStrike in the 2nd quarter valued at about $33,000. 71.16% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at CrowdStrike

In other news, insider Shawn Henry sold 4,000 shares of the company’s 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 sale, the insider now owns 183,091 shares of the company’s stock, valued at $67,985,350.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $371.32, for a total transaction of $1,485,280.00. Following the sale, the insider now owns 183,091 shares in the company, valued at $67,985,350.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Sameer K. Gandhi sold 15,000 shares of the company’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $380.21, for a total transaction of $5,703,150.00. Following the completion of the transaction, the director now 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 37,500 shares of company stock valued at $13,301,815 over the last three months. 4.34% of the stock is owned by company insiders.

CrowdStrike Price Performance

CRWD stock opened at $299.85 on Monday. The company has a market cap of $72.97 billion, a PE ratio of 565.75, a price-to-earnings-growth ratio of 16.14 and a beta of 1.09. 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 stock has a 50-day moving average price of $265.90 and a two-hundred day moving average price of $312.27. CrowdStrike Holdings, Inc. has a 12-month low of $157.59 and a 12-month high of $398.33.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.07. The company had revenue of $963.87 million during the quarter, compared to the consensus estimate of $958.27 million. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. CrowdStrike’s revenue for the quarter was up 31.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.06 earnings per share. As a group, research analysts predict that CrowdStrike Holdings, Inc. will post 0.56 EPS for the current year.

Analysts Set New Price Targets

CRWD has been the subject of a number of research analyst reports. Royal Bank of Canada decreased their target price on CrowdStrike from $345.00 to $335.00 and set an “outperform” rating for the company in a research report on Thursday, August 29th. Truist Financial reaffirmed a “buy” rating and set a $325.00 price objective on shares of CrowdStrike in a research report on Wednesday, August 28th. FBN Securities raised CrowdStrike to a “strong-buy” rating in a research report on Wednesday, June 5th. Stifel Nicolaus decreased their price objective on CrowdStrike from $400.00 to $300.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Finally, Mizuho decreased their price objective on CrowdStrike from $390.00 to $370.00 and set a “buy” rating for the company in a research report on Wednesday, June 5th. One investment 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $327.03.

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.