STF Management LP Sells 322 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

STF Management LP trimmed its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 8.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,329 shares of the company’s stock after selling 322 shares during the quarter. STF Management LP’s holdings in CrowdStrike were worth $934,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Abich Financial Wealth Management LLC bought a new stake in shares of CrowdStrike in the second quarter worth about $25,000. Family Firm Inc. bought a new stake in shares of CrowdStrike in the second quarter worth about $30,000. Itau Unibanco Holding S.A. purchased a new position in CrowdStrike in the second quarter worth about $33,000. Unique Wealth Strategies LLC purchased a new position in CrowdStrike in the second quarter worth about $36,000. Finally, Hobbs Group Advisors LLC purchased a new position in CrowdStrike in the second quarter worth about $38,000. 71.16% of the stock is owned by institutional investors.

CrowdStrike Price Performance

Shares of CRWD opened at $357.55 on Friday. The firm has a market capitalization of $87.65 billion, a PE ratio of 518.19, a price-to-earnings-growth ratio of 23.89 and a beta of 1.10. 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 Holdings, Inc. has a 1-year low of $200.81 and a 1-year high of $398.33. The company’s fifty day moving average price is $305.77 and its 200-day moving average price is $311.53.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly 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 net margin of 4.84% and a return on equity of 8.44%. The company had revenue of $963.87 million for the quarter, compared to analyst estimates of $958.27 million. During the same period in the prior year, the company earned $0.06 earnings per share. The firm’s revenue was up 31.7% on a year-over-year basis. On average, equities research analysts predict that CrowdStrike Holdings, Inc. will post 0.52 EPS for the current year.

Insider Buying and Selling at CrowdStrike

In other news, CEO George Kurtz sold 55,325 shares of the stock in a transaction dated Monday, September 23rd. The shares were 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 directly owns 1,109,746 shares of the company’s stock, valued at $329,172,858.52. This represents a 4.75 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Shawn Henry sold 4,500 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $260.73, for a total transaction of $1,173,285.00. Following the sale, the insider now directly owns 174,591 shares in the company, valued at approximately $45,521,111.43. The trade was a 2.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 108,248 shares of company stock valued at $32,465,110. 4.34% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Piper Sandler reiterated an “overweight” rating and issued a $290.00 price target on shares of CrowdStrike in a research report on Thursday, September 19th. Wedbush set a $330.00 target price on CrowdStrike in a research report on Thursday, October 17th. Susquehanna restated a “positive” rating and set a $310.00 target price on shares of CrowdStrike in a research report on Thursday, September 19th. Barclays boosted their target price on CrowdStrike from $295.00 to $372.00 and gave the company an “overweight” rating in a research report on Monday. Finally, Jefferies Financial Group boosted their target price on CrowdStrike from $315.00 to $345.00 and gave the company a “buy” rating in a research report on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, thirty have issued a buy rating and four have given a strong buy rating to the company’s stock. Based on data from MarketBeat, CrowdStrike presently 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.