CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Sold by Bank of Montreal Can

Bank of Montreal Can decreased its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 37.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 454,214 shares of the company’s stock after selling 275,068 shares during the period. Bank of Montreal Can owned approximately 0.19% of CrowdStrike worth $175,713,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Family Firm Inc. purchased a new position in CrowdStrike in the second quarter valued at about $30,000. Itau Unibanco Holding S.A. acquired a new stake in shares of CrowdStrike during the 2nd quarter worth approximately $33,000. Unique Wealth Strategies LLC acquired a new stake in shares of CrowdStrike during the 2nd quarter worth approximately $36,000. Trivant Custom Portfolio Group LLC acquired a new stake in shares of CrowdStrike during the 1st quarter worth approximately $30,000. Finally, Hobbs Group Advisors LLC acquired a new stake in CrowdStrike in the 2nd quarter valued at approximately $38,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

CrowdStrike Trading Down 2.2 %

NASDAQ:CRWD opened at $293.14 on Tuesday. 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 market cap of $71.34 billion, a price-to-earnings ratio of 553.09, a P/E/G ratio of 16.14 and a beta of 1.09. CrowdStrike Holdings, Inc. has a 12 month low of $157.59 and a 12 month high of $398.33. The company has a 50-day moving average price of $264.22 and a 200-day moving average price of $312.02.

CrowdStrike (NASDAQ:CRWD) last announced its earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) 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 company had revenue of $963.87 million during the quarter, compared to analyst estimates of $958.27 million. During the same period in the previous year, the business posted $0.06 earnings per share. The firm’s quarterly revenue was up 31.7% compared to the same quarter last year. Equities analysts predict that CrowdStrike Holdings, Inc. will post 0.56 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Jefferies Financial Group decreased their price target on CrowdStrike from $400.00 to $300.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. Royal Bank of Canada reduced their price objective on CrowdStrike from $345.00 to $335.00 and set an “outperform” rating for the company in a research note on Thursday, August 29th. The Goldman Sachs Group decreased their target price on CrowdStrike from $400.00 to $295.00 and set a “buy” rating for the company in a research report on Thursday, August 15th. UBS Group decreased their target price on CrowdStrike from $330.00 to $310.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $350.00 price objective on shares of CrowdStrike in a report on Thursday, September 19th. 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’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $325.32.

Insider Transactions at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,500 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $260.73, for a total transaction of $1,173,285.00. Following the transaction, the insider now directly owns 174,591 shares in the company, valued at approximately $45,521,111.43. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Director Roxanne S. Austin sold 10,000 shares of the firm’s stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $390.01, for a total transaction 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 transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Shawn Henry sold 4,500 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $260.73, for a total value of $1,173,285.00. Following the completion of the transaction, the insider now directly owns 174,591 shares in the company, valued at approximately $45,521,111.43. The disclosure for this sale can be found here. In the last quarter, insiders sold 37,500 shares of company stock worth $13,301,815. 4.34% of the stock is currently owned by insiders.

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.