CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. trimmed its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 24.6% during the third quarter, HoldingsChannel.com reports. The fund owned 38,059 shares of the company’s stock after selling 12,442 shares during the period. Oppenheimer & Co. Inc.’s holdings in CrowdStrike were worth $10,674,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. International Assets Investment Management LLC grew its stake in shares of 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 last quarter. 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 buying an additional 564,662 shares during the last quarter. Acadian Asset Management LLC increased its stake 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 buying an additional 477,706 shares during the period. Assenagon Asset Management S.A. raised its position in CrowdStrike by 248.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 521,198 shares of the company’s stock worth $146,180,000 after buying an additional 371,695 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of CrowdStrike by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 16,061,400 shares of the company’s stock worth $5,149,124,000 after acquiring an additional 315,280 shares during the period. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CRWD. BNP Paribas started coverage on shares of CrowdStrike in a research note on Tuesday, October 8th. They set a “neutral” rating and a $285.00 price target on the stock. JMP Securities reissued a “market outperform” rating and set a $400.00 target price on shares of CrowdStrike in a research note on Monday, November 4th. Scotiabank reduced their price target on CrowdStrike from $300.00 to $265.00 and set a “sector perform” rating for the company in a report on Wednesday, August 14th. Barclays upped their price objective on CrowdStrike from $285.00 to $295.00 and gave the stock an “overweight” rating in a report on Thursday, August 29th. Finally, Jefferies Financial Group raised their target price on CrowdStrike from $315.00 to $345.00 and gave the company a “buy” rating in a report on Tuesday, September 24th. One analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-one have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, CrowdStrike has an average rating of “Moderate Buy” and an average price target of $328.74.

Insider Transactions at CrowdStrike

In related news, CAO Anurag Saha sold 1,683 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $297.28, for a total value of $500,322.24. Following the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $309.38, for a total value of $1,237,520.00. Following the completion of the transaction, the insider now owns 124,298 shares in the company, valued at $38,455,315.24. 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 104,248 shares of company stock worth $31,103,350 in the last three months. Company insiders own 4.34% of the company’s stock.

CrowdStrike Trading Up 1.3 %

Shares of CRWD opened at $347.88 on Thursday. CrowdStrike Holdings, Inc. has a fifty-two week low of $198.86 and a fifty-two week high of $398.33. The stock has a fifty day moving average of $292.46 and a two-hundred day moving average of $309.39. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.90 and a current ratio of 1.90. The company has a market capitalization of $85.28 billion, a PE ratio of 504.17, a price-to-earnings-growth ratio of 23.22 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD) last released its earnings results on Wednesday, August 28th. The company reported $1.04 EPS 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 analyst estimates of $958.27 million. During the same period in the prior year, the firm posted $0.06 earnings per share. The business’s quarterly revenue was up 31.7% compared to the same quarter last year. As a group, analysts forecast that CrowdStrike Holdings, Inc. will post 0.52 EPS for the current year.

About CrowdStrike

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.