CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Sold by Rockingstone Advisors LLC

Rockingstone Advisors LLC lessened its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 45.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,618 shares of the company’s stock after selling 4,764 shares during the period. Rockingstone Advisors LLC’s holdings in CrowdStrike were worth $1,576,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Abich Financial Wealth Management LLC acquired a new position in shares of CrowdStrike in the second quarter valued at approximately $25,000. Trivant Custom Portfolio Group LLC purchased a new stake in CrowdStrike in the first quarter valued at approximately $30,000. Family Firm Inc. purchased a new stake in CrowdStrike in the second quarter valued at approximately $30,000. Northwest Bank & Trust Co purchased a new stake in CrowdStrike in the fourth quarter valued at approximately $32,000. Finally, Future Financial Wealth Managment LLC purchased a new stake in CrowdStrike in the first quarter valued at approximately $32,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on CRWD. HSBC upgraded shares of CrowdStrike from a “hold” rating to a “buy” rating and boosted their target price for the company from $302.00 to $339.00 in a report on Friday, August 30th. Wedbush restated an “outperform” rating and issued a $315.00 target price on shares of CrowdStrike in a report on Friday, August 9th. Piper Sandler reiterated an “overweight” rating and set a $290.00 price objective on shares of CrowdStrike in a research note on Thursday, September 19th. Needham & Company LLC assumed coverage on shares of CrowdStrike in a research note on Monday, September 23rd. They set a “buy” rating and a $360.00 price objective for the company. Finally, Hsbc Global Res upgraded shares of CrowdStrike from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 30th. One analyst has rated the stock with a sell rating, six have given a hold rating, thirty-three have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, CrowdStrike presently has a consensus rating of “Moderate Buy” and a consensus price target of $325.44.

CrowdStrike Trading Up 2.1 %

CrowdStrike stock opened at $293.01 on Wednesday. The firm’s 50-day moving average is $262.40 and its 200-day moving average is $309.18. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.90 and a current ratio of 1.90. CrowdStrike Holdings, Inc. has a 1 year low of $170.17 and a 1 year high of $398.33. The company has a market cap of $71.31 billion, a P/E ratio of 552.85, a PEG ratio of 19.60 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings data 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. The firm had revenue of $963.87 million for 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 quarterly revenue was up 31.7% compared to the same quarter last year. During the same period last year, the firm posted $0.06 EPS. On average, equities analysts expect that CrowdStrike Holdings, Inc. will post 0.53 earnings per share for the current year.

Insider Activity at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 1,683 shares of the firm’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $297.28, for a total transaction of $500,322.24. Following the transaction, the chief accounting officer now owns 38,962 shares of the company’s stock, valued at approximately $11,582,623.36. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other CrowdStrike news, CAO Anurag Saha sold 1,683 shares of the firm’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $297.28, for a total transaction of $500,322.24. Following the transaction, the chief accounting officer now owns 38,962 shares of the company’s stock, valued at approximately $11,582,623.36. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO George Kurtz sold 55,325 shares of the firm’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $296.62, for a total transaction of $16,410,501.50. Following the transaction, the chief executive officer now directly owns 1,109,746 shares in the company, valued at approximately $329,172,858.52. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 96,962 shares of company stock worth $28,774,798 in the last ninety days. 4.34% of the stock is owned by insiders.

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.