Canton Hathaway LLC Cuts Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Canton Hathaway LLC decreased its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 16.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,000 shares of the company’s stock after selling 200 shares during the quarter. Canton Hathaway LLC’s holdings in CrowdStrike were worth $280,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Jennison Associates LLC boosted its stake in shares of CrowdStrike by 25.0% in the third quarter. Jennison Associates LLC now owns 5,068,800 shares of the company’s stock valued at $1,421,646,000 after purchasing an additional 1,013,161 shares during the period. Legal & General Group Plc increased its holdings in CrowdStrike by 3.0% in the second quarter. Legal & General Group Plc now owns 2,049,704 shares of the company’s stock valued at $785,425,000 after buying an additional 60,607 shares during the last quarter. Ameriprise Financial Inc. raised its stake in CrowdStrike by 4.4% during the second quarter. Ameriprise Financial Inc. now owns 1,817,387 shares of the company’s stock valued at $696,471,000 after buying an additional 77,100 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in CrowdStrike by 47.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,753,252 shares of the company’s stock worth $671,828,000 after buying an additional 564,662 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of CrowdStrike by 1.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,354,494 shares of the company’s stock worth $379,895,000 after acquiring an additional 20,899 shares in the last quarter. 71.16% of the stock is currently owned by institutional investors and hedge funds.

CrowdStrike Price Performance

Shares of NASDAQ:CRWD opened at $377.22 on Monday. The company’s fifty day moving average is $308.04 and its two-hundred day moving average is $311.89. The company has a market cap of $92.47 billion, a P/E ratio of 539.51, a price-to-earnings-growth ratio of 26.95 and a beta of 1.10. CrowdStrike Holdings, Inc. has a 12-month low of $200.81 and a 12-month high of $398.33. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.26.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings results 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. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The firm had revenue of $963.87 million for the quarter, compared to analyst estimates of $958.27 million. During the same period in the previous year, the firm earned $0.06 earnings per share. CrowdStrike’s quarterly revenue was up 31.7% on a year-over-year basis. Equities analysts expect that CrowdStrike Holdings, Inc. will post 0.49 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on CRWD shares. Raymond James reduced their price objective on CrowdStrike from $380.00 to $275.00 and set an “outperform” rating on the stock in a research note on Thursday, August 29th. Oppenheimer decreased their price target on shares of CrowdStrike from $450.00 to $365.00 and set an “outperform” rating for the company in a report on Thursday, August 29th. Evercore ISI lowered their target price on CrowdStrike from $350.00 to $325.00 and set an “outperform” rating for the company in a report on Tuesday, July 30th. Scotiabank decreased their target price on shares of CrowdStrike from $300.00 to $265.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 14th. Finally, Piper Sandler restated an “overweight” rating and issued a $290.00 price target on shares of CrowdStrike in a research note on Thursday, September 19th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirty have assigned a buy rating and four have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $337.15.

Insider Transactions at CrowdStrike

In other CrowdStrike news, Director Sameer K. Gandhi sold 6,250 shares of the company’s stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $320.38, for a total value of $2,002,375.00. Following the transaction, the director now directly owns 821,766 shares of the company’s stock, valued at $263,277,391.08. This represents a 0.75 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Shawn Henry sold 4,500 shares of CrowdStrike stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $260.73, for a total value of $1,173,285.00. Following the sale, the insider now owns 174,591 shares of the company’s stock, valued at approximately $45,521,111.43. This represents a 2.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 108,248 shares of company stock valued at $32,465,110 over the last three months. 4.34% of the stock is owned by corporate 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.