CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Sold by Crescent Grove Advisors LLC

Crescent Grove Advisors LLC trimmed its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 5.0% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 760 shares of the company’s stock after selling 40 shares during the period. Crescent Grove Advisors LLC’s holdings in CrowdStrike were worth $291,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Trivant Custom Portfolio Group LLC purchased a new position in CrowdStrike during the 1st quarter valued at about $30,000. Hobbs Group Advisors LLC acquired a new position in shares of CrowdStrike in the second quarter valued at approximately $38,000. Hexagon Capital Partners LLC purchased a new stake in CrowdStrike during the 4th quarter worth approximately $26,000. Future Financial Wealth Managment LLC acquired a new stake in CrowdStrike during the 1st quarter worth approximately $32,000. Finally, MCF Advisors LLC acquired a new stake in CrowdStrike during the 1st quarter worth approximately $32,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

Insider Activity

In other CrowdStrike news, insider Shawn Henry sold 4,500 shares of the stock in a transaction on Monday, June 17th. The stock was sold at an average price of $382.93, for a total value of $1,723,185.00. Following the completion of the transaction, the insider now owns 200,672 shares in the company, valued at $76,843,328.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other CrowdStrike news, President Michael Sentonas sold 10,735 shares of the business’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of $380.63, for a total transaction of $4,086,063.05. Following the sale, the president now directly owns 411,166 shares in the company, valued at $156,502,114.58. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Shawn Henry sold 4,500 shares of the company’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $382.93, for a total value of $1,723,185.00. Following the completion of the sale, the insider now directly owns 200,672 shares in the company, valued at approximately $76,843,328.96. The disclosure for this sale can be found here. Insiders sold 130,219 shares of company stock valued at $48,856,294 in the last three months. 4.34% of the stock is currently owned by company insiders.

CrowdStrike Stock Performance

CRWD traded up $6.68 during trading on Wednesday, hitting $273.21. The stock had a trading volume of 5,238,666 shares, compared to its average volume of 5,415,347. CrowdStrike Holdings, Inc. has a twelve month low of $141.97 and a twelve month high of $398.33. The firm has a market capitalization of $66.49 billion, a P/E ratio of 515.49, a PEG ratio of 11.79 and a beta of 1.10. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.80 and a current ratio of 1.80. The company’s 50-day moving average price is $318.12 and its 200 day moving average price is $320.48.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings results on Tuesday, June 4th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). The firm had revenue of $921.04 million for the quarter, compared to analyst estimates of $904.82 million. CrowdStrike had a return on equity of 7.39% and a net margin of 4.01%. On average, equities research analysts forecast that CrowdStrike Holdings, Inc. will post 0.87 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently weighed in on CRWD. Wells Fargo & Company cut their price objective on CrowdStrike from $435.00 to $350.00 and set an “overweight” rating on the stock in a research report on Monday, July 22nd. BTIG Research downgraded shares of CrowdStrike from a “buy” rating to a “neutral” rating in a research report on Monday, July 22nd. Jefferies Financial Group lowered their target price on shares of CrowdStrike from $400.00 to $300.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. JPMorgan Chase & Co. cut their price target on CrowdStrike from $400.00 to $330.00 and set an “overweight” rating on the stock in a research note on Monday, July 29th. Finally, Truist Financial lowered their price objective on CrowdStrike from $400.00 to $325.00 and set a “buy” rating for the company in a research report on Tuesday, July 23rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, CrowdStrike has an average rating of “Moderate Buy” and an average price target of $337.58.

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.