Advisors Asset Management Inc. Reduces Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Advisors Asset Management Inc. decreased its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 19.2% during the 3rd quarter, Holdings Channel.com reports. The fund owned 4,943 shares of the company’s stock after selling 1,176 shares during the period. Advisors Asset Management Inc.’s holdings in CrowdStrike were worth $1,386,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of CRWD. Beacon Financial Advisory LLC acquired a new stake in CrowdStrike in the third quarter valued at $955,000. Sumitomo Mitsui Trust Group Inc. increased its position in CrowdStrike by 10.2% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 846,189 shares of the company’s stock worth $237,331,000 after buying an additional 78,305 shares in the last quarter. Burney Co. acquired a new position in shares of CrowdStrike in the first quarter worth $1,342,000. Doliver Advisors LP lifted its position in shares of CrowdStrike by 223.2% in the third quarter. Doliver Advisors LP now owns 6,754 shares of the company’s stock valued at $1,894,000 after acquiring an additional 4,664 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its stake in shares of CrowdStrike by 0.7% during the third quarter. DekaBank Deutsche Girozentrale now owns 439,865 shares of the company’s stock valued at $124,644,000 after acquiring an additional 2,863 shares during the last quarter. Institutional investors and hedge funds own 71.16% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on CRWD. Cantor Fitzgerald upped their target price on shares of CrowdStrike from $350.00 to $370.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. JPMorgan Chase & Co. decreased their target price on shares of CrowdStrike from $400.00 to $330.00 and set an “overweight” rating on the stock in a research report on Monday, July 29th. KeyCorp increased their price target on CrowdStrike from $345.00 to $395.00 and gave the stock an “overweight” rating in a research note on Friday. Susquehanna reaffirmed a “positive” rating and issued a $310.00 price objective on shares of CrowdStrike in a research report on Thursday, September 19th. Finally, Needham & Company LLC began coverage on CrowdStrike in a research report on Monday, September 23rd. They set a “buy” rating and a $360.00 target price on the stock. One research analyst has rated the stock with a sell rating, seven have given a hold rating, thirty have assigned a buy rating and four have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $339.08.

Insider Transactions at CrowdStrike

In related news, CEO George Kurtz sold 55,325 shares of the 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 sale, the chief executive officer now owns 1,109,746 shares in the company, valued at $329,172,858.52. This represents a 4.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Shawn Henry sold 4,500 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $260.73, for a total transaction of $1,173,285.00. Following the completion of the transaction, the insider now directly owns 174,591 shares in the company, valued at $45,521,111.43. This represents a 2.51 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 108,248 shares of company stock valued at $32,465,110. Insiders own 4.34% of the company’s stock.

CrowdStrike Stock Performance

Shares of CRWD opened at $363.68 on Tuesday. CrowdStrike Holdings, Inc. has a 52-week low of $200.81 and a 52-week high of $398.33. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.26. The firm has a market cap of $89.15 billion, a price-to-earnings ratio of 527.07, a PEG ratio of 26.95 and a beta of 1.10. The business’s 50 day moving average is $309.95 and its two-hundred day moving average is $312.22.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates 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%. The firm’s revenue was up 31.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.06 EPS. Analysts forecast that CrowdStrike Holdings, Inc. will post 0.49 EPS for the current fiscal year.

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.