Greenwood Capital Associates LLC Trims Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Greenwood Capital Associates LLC decreased its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 95.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 898 shares of the company’s stock after selling 18,640 shares during the quarter. Greenwood Capital Associates LLC’s holdings in CrowdStrike were worth $252,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Norden Group LLC purchased a new stake in CrowdStrike during the 1st quarter valued at about $310,000. Quent Capital LLC grew its position in shares of CrowdStrike by 59.9% in the first quarter. Quent Capital LLC now owns 235 shares of the company’s stock valued at $75,000 after purchasing an additional 88 shares during the period. Rehmann Capital Advisory Group increased its stake in shares of CrowdStrike by 6.8% during the first quarter. Rehmann Capital Advisory Group now owns 1,174 shares of the company’s stock worth $376,000 after purchasing an additional 75 shares in the last quarter. Signaturefd LLC raised its holdings in shares of CrowdStrike by 28.5% during the first quarter. Signaturefd LLC now owns 3,974 shares of the company’s stock valued at $1,274,000 after acquiring an additional 882 shares during the last quarter. Finally, Disciplined Equity Management Inc. purchased a new position in CrowdStrike in the 1st quarter valued at $785,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CRWD. JPMorgan Chase & Co. cut their price target on shares of CrowdStrike from $400.00 to $330.00 and set an “overweight” rating for the company in a report on Monday, July 29th. Jefferies Financial Group boosted their target price on CrowdStrike from $315.00 to $345.00 and gave the stock a “buy” rating in a research note on Tuesday, September 24th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of CrowdStrike from $350.00 to $275.00 and set a “hold” rating on the stock in a report on Monday, August 26th. Wells Fargo & Company lowered their price target on CrowdStrike from $435.00 to $350.00 and set an “overweight” rating for the company in a report on Monday, July 22nd. Finally, Scotiabank dropped their price objective on CrowdStrike from $300.00 to $265.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 14th. One equities research 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 given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $328.74.

CrowdStrike Price Performance

Shares of NASDAQ:CRWD opened at $307.58 on Wednesday. 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 company has a market cap of $75.40 billion, a P/E ratio of 445.77, a P/E/G ratio of 20.50 and a beta of 1.10. The business has a fifty day simple moving average of $286.26 and a 200-day simple moving average of $308.14. CrowdStrike Holdings, Inc. has a 52 week low of $183.60 and a 52 week high of $398.33.

CrowdStrike (NASDAQ:CRWD) last posted its earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. The business had revenue of $963.87 million during the quarter, compared to analyst estimates of $958.27 million. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The company’s revenue for the quarter was up 31.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.06 earnings per share. Equities research analysts forecast that CrowdStrike Holdings, Inc. will post 0.52 EPS for the current year.

Insiders Place Their Bets

In other news, President Michael Sentonas sold 10,776 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 value of $3,203,489.28. Following the transaction, the president now directly owns 400,390 shares in the company, valued at approximately $119,027,939.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $320.38, for a total value of $2,002,375.00. Following the sale, the director now directly owns 821,766 shares in the company, valued at $263,277,391.08. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President Michael Sentonas sold 10,776 shares of CrowdStrike stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $297.28, for a total transaction of $3,203,489.28. Following the completion of the sale, the president now owns 400,390 shares in the company, valued at approximately $119,027,939.20. This represents 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 valued at $30,529,413 over the last 90 days. 4.34% of the stock is owned by company 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.