Stephens Inc. AR Cuts Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Stephens Inc. AR lessened its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 18.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 23,709 shares of the company’s stock after selling 5,481 shares during the quarter. Stephens Inc. AR’s holdings in CrowdStrike were worth $6,650,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of CRWD. Abich Financial Wealth Management LLC purchased a new stake in shares of CrowdStrike in the 2nd quarter valued at $25,000. Oakworth Capital Inc. acquired a new position in CrowdStrike during the 3rd quarter worth $28,000. Tsfg LLC grew its stake in CrowdStrike by 593.3% during the 3rd quarter. Tsfg LLC now owns 104 shares of the company’s stock worth $29,000 after purchasing an additional 89 shares in the last quarter. Family Firm Inc. acquired a new position in CrowdStrike during the 2nd quarter worth $30,000. Finally, Castleview Partners LLC acquired a new position in CrowdStrike during the 3rd quarter worth $32,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

CrowdStrike Stock Performance

NASDAQ CRWD opened at $303.13 on Friday. CrowdStrike Holdings, Inc. has a 1-year low of $178.35 and a 1-year high of $398.33. 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. The business has a 50 day moving average price of $284.85 and a 200 day moving average price of $307.77. 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 (NASDAQ:CRWD) last released 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 during the quarter, compared to the consensus estimate of $958.27 million. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. CrowdStrike’s quarterly revenue was up 31.7% on a year-over-year basis. During the same period last year, the business posted $0.06 EPS. Sell-side analysts expect that CrowdStrike Holdings, Inc. will post 0.52 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CRWD has been the subject of several analyst reports. Needham & Company LLC initiated coverage on CrowdStrike in a research note on Monday, September 23rd. They set a “buy” rating and a $360.00 target price for the company. Cantor Fitzgerald reissued an “overweight” rating and set a $350.00 target price on shares of CrowdStrike in a research note on Thursday, September 19th. The Goldman Sachs Group lowered their price objective on CrowdStrike from $400.00 to $295.00 and set a “buy” rating for the company in a research report on Thursday, August 15th. Morgan Stanley reaffirmed an “overweight” rating and set a $325.00 price objective on shares of CrowdStrike in a research report on Monday, September 9th. Finally, Barclays upped their price objective on CrowdStrike from $285.00 to $295.00 and gave the stock an “overweight” rating in a research report on Thursday, August 29th. One analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-one have issued a buy rating and three 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 price target of $328.74.

Insider Transactions at CrowdStrike

In other news, CEO George Kurtz sold 55,325 shares of the firm’s stock in a transaction on Monday, September 23rd. The stock was 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 trade 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. In related news, CAO Anurag Saha sold 1,683 shares of the stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $297.28, for a total value of $500,322.24. Following the transaction, the chief accounting officer now directly 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO George Kurtz sold 55,325 shares of the stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $296.62, for a total value of $16,410,501.50. Following the completion of the transaction, the chief executive officer now directly owns 1,109,746 shares in the company, valued at $329,172,858.52. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 103,212 shares of company stock worth $30,529,413 over the last quarter. 4.34% of the stock is currently 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.