Primecap Management Co. CA Reduces Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Primecap Management Co. CA lowered its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 31.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 136,536 shares of the company’s stock after selling 63,419 shares during the period. Primecap Management Co. CA owned approximately 0.06% of CrowdStrike worth $38,294,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of CRWD. Quent Capital LLC grew its position in CrowdStrike by 59.9% during the first quarter. Quent Capital LLC now owns 235 shares of the company’s stock worth $75,000 after buying an additional 88 shares in the last quarter. EntryPoint Capital LLC purchased a new position in shares of CrowdStrike during the first quarter worth about $103,000. EP Wealth Advisors LLC increased its position in shares of CrowdStrike by 56.4% in the first quarter. EP Wealth Advisors LLC now owns 5,043 shares of the company’s stock worth $1,617,000 after purchasing an additional 1,818 shares during the last quarter. Axxcess Wealth Management LLC raised its stake in CrowdStrike by 81.5% in the first quarter. Axxcess Wealth Management LLC now owns 1,541 shares of the company’s stock valued at $494,000 after purchasing an additional 692 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its position in CrowdStrike by 3.4% during the first quarter. Advisors Asset Management Inc. now owns 7,754 shares of the company’s stock valued at $2,486,000 after purchasing an additional 253 shares during the last quarter. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other CrowdStrike news, Director Sameer K. Gandhi sold 5,036 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $320.48, for a total transaction of $1,613,937.28. Following the sale, the director now directly owns 816,730 shares in the company, valued at approximately $261,745,630.40. This trade represents a 0.61 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Shawn Henry sold 4,500 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $260.73, for a total value of $1,173,285.00. Following the completion of the transaction, the insider now owns 174,591 shares of the company’s stock, valued at $45,521,111.43. This represents a 2.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 108,248 shares of company stock worth $32,465,110 in the last quarter. Corporate insiders own 4.34% of the company’s stock.

CrowdStrike Price Performance

Shares of NASDAQ CRWD opened at $357.55 on Friday. The company has a 50 day simple moving average of $305.77 and a two-hundred day simple moving average of $311.53. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $398.33. The company has a market capitalization of $87.65 billion, a price-to-earnings ratio of 518.19, a P/E/G ratio of 23.89 and a beta of 1.10. 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 (NASDAQ:CRWD) last posted its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The company had revenue of $963.87 million during the quarter, compared to analyst estimates of $958.27 million. During the same quarter last year, the company earned $0.06 EPS. The firm’s revenue for the quarter was up 31.7% on a year-over-year basis. Analysts expect that CrowdStrike Holdings, Inc. will post 0.52 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on CRWD shares. Oppenheimer dropped their price target on CrowdStrike from $450.00 to $365.00 and set an “outperform” rating for the company in a research note on Thursday, August 29th. Canaccord Genuity Group restated a “buy” rating and issued a $330.00 target price on shares of CrowdStrike in a research report on Monday, September 30th. BMO Capital Markets increased their price target on shares of CrowdStrike from $290.00 to $315.00 and gave the company an “outperform” rating in a research report on Thursday, August 29th. HSBC upgraded shares of CrowdStrike from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $302.00 to $339.00 in a report on Friday, August 30th. Finally, Argus cut their price objective on shares of CrowdStrike from $400.00 to $325.00 and set a “buy” rating for the company in a research note on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, thirty-one have given a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $334.33.

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.