CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Sold by HBW Advisory Services LLC

HBW Advisory Services LLC reduced its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 31.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,023 shares of the company’s stock after selling 461 shares during the period. HBW Advisory Services LLC’s holdings in CrowdStrike were worth $287,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Envestnet Asset Management Inc. raised its holdings in shares of CrowdStrike by 2.6% during the fourth quarter. Envestnet Asset Management Inc. now owns 323,549 shares of the company’s stock valued at $82,609,000 after acquiring an additional 8,284 shares during the last quarter. Morningstar Investment Services LLC acquired a new position in CrowdStrike in the 4th quarter valued at $210,000. Prudential PLC lifted its holdings in CrowdStrike by 20.3% in the 4th quarter. Prudential PLC now owns 6,792 shares of the company’s stock valued at $1,734,000 after purchasing an additional 1,144 shares in the last quarter. Waterloo Capital L.P. acquired a new stake in CrowdStrike during the 4th quarter worth $266,000. Finally, Personal CFO Solutions LLC purchased a new stake in shares of CrowdStrike during the fourth quarter worth $273,000. 71.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CRWD. Truist Financial reissued a “buy” rating and issued a $325.00 price target on shares of CrowdStrike in a research note on Wednesday, August 28th. Needham & Company LLC assumed coverage on shares of CrowdStrike in a research note on Monday, September 23rd. They issued a “buy” rating and a $360.00 target price on the stock. JMP Securities restated a “market outperform” rating and issued a $400.00 price target on shares of CrowdStrike in a research report on Tuesday, September 24th. BMO Capital Markets lifted their price objective on CrowdStrike from $290.00 to $315.00 and gave the stock an “outperform” rating in a research report on Thursday, August 29th. Finally, The Goldman Sachs Group dropped their target price on CrowdStrike from $400.00 to $295.00 and set a “buy” rating for the company in a report on Thursday, August 15th. One equities 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 assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $326.50.

CrowdStrike Price Performance

Shares of NASDAQ:CRWD opened at $292.24 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.90 and a quick ratio of 1.90. CrowdStrike Holdings, Inc. has a 12 month low of $160.92 and a 12 month high of $398.33. The firm has a market capitalization of $71.12 billion, a P/E ratio of 551.40, a P/E/G ratio of 19.60 and a beta of 1.10. The company’s fifty day moving average price is $261.84 and its 200 day moving average price is $309.60.

CrowdStrike (NASDAQ:CRWD) last posted its earnings results on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. The business had revenue of $963.87 million for the quarter, compared to analysts’ expectations of $958.27 million. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The business’s revenue was up 31.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.06 earnings per share. As a group, sell-side analysts predict that CrowdStrike Holdings, Inc. will post 0.53 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $371.32, for a total transaction of $1,485,280.00. Following the transaction, the insider now owns 183,091 shares of the company’s stock, valued at $67,985,350.12. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $371.32, for a total transaction of $1,485,280.00. Following the completion of the sale, the insider now owns 183,091 shares in the company, valued at $67,985,350.12. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Burt W. Podbere sold 11,178 shares of CrowdStrike stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $297.47, for a total transaction of $3,325,119.66. Following the completion of the transaction, the chief financial officer now owns 286,472 shares in the company, valued at approximately $85,216,825.84. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 96,962 shares of company stock valued at $28,774,798. Insiders own 4.34% of the company’s stock.

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.