Principal Securities Inc. Has $4.01 Million Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Principal Securities Inc. lowered its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 5.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,299 shares of the company’s stock after selling 881 shares during the quarter. Principal Securities Inc.’s holdings in CrowdStrike were worth $4,011,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of CRWD. International Assets Investment Management LLC grew its position in CrowdStrike by 17,926.3% in the 3rd quarter. International Assets Investment Management LLC now owns 925,831 shares of the company’s stock valued at $259,668,000 after purchasing an additional 920,695 shares during the period. Bank of New York Mellon Corp grew its position in CrowdStrike by 47.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,753,252 shares of the company’s stock valued at $671,828,000 after purchasing an additional 564,662 shares during the period. Acadian Asset Management LLC grew its position in CrowdStrike by 619.0% in the 1st quarter. Acadian Asset Management LLC now owns 554,876 shares of the company’s stock valued at $177,865,000 after purchasing an additional 477,706 shares during the period. Assenagon Asset Management S.A. lifted its stake in CrowdStrike by 248.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 521,198 shares of the company’s stock valued at $146,180,000 after acquiring an additional 371,695 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in CrowdStrike by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 16,061,400 shares of the company’s stock valued at $5,149,124,000 after acquiring an additional 315,280 shares in the last quarter. Institutional investors and hedge funds own 71.16% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. TD Cowen dropped their price objective on CrowdStrike from $400.00 to $380.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. Robert W. Baird lowered their target price on CrowdStrike from $335.00 to $315.00 and set an “outperform” rating on the stock in a research note on Thursday, August 29th. The Goldman Sachs Group lowered their target price on CrowdStrike from $400.00 to $295.00 and set a “buy” rating on the stock in a research note on Thursday, August 15th. Citigroup lowered their price objective on CrowdStrike from $345.00 to $300.00 and set a “buy” rating on the stock in a research note on Wednesday, August 14th. Finally, Piper Sandler restated an “overweight” rating and issued a $290.00 price objective on shares of CrowdStrike in a research note on Thursday, September 19th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-one have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $328.74.

Insider Activity at CrowdStrike

In related news, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $260.00, for a total transaction of $1,040,000.00. Following the completion of the transaction, the insider now owns 179,091 shares in the company, valued at $46,563,660. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Sameer K. Gandhi sold 6,250 shares of the company’s stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $320.38, for a total transaction of $2,002,375.00. Following the completion of the transaction, the director now owns 821,766 shares in the company, valued at $263,277,391.08. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $260.00, for a total value of $1,040,000.00. Following the completion of the sale, the insider now directly owns 179,091 shares in the company, valued at approximately $46,563,660. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 103,212 shares of company stock worth $30,529,413 over the last quarter. 4.34% of the stock is owned by corporate insiders.

CrowdStrike Stock Performance

Shares of CRWD stock opened at $303.13 on Friday. 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 fifty-two week low of $178.35 and a fifty-two week high of $398.33. The stock has a 50 day moving average price of $284.85 and a two-hundred day moving average price of $307.77. The company has a market capitalization of $74.31 billion, a P/E ratio of 439.32, a PEG ratio of 20.79 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD) last announced 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. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The firm had revenue of $963.87 million during the quarter, compared to the consensus estimate of $958.27 million. During the same quarter in the previous year, the company posted $0.06 earnings per share. The business’s revenue was up 31.7% on a year-over-year basis. Analysts expect that CrowdStrike Holdings, Inc. will post 0.52 earnings per share for the current 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.