Sterling Investment Advisors Ltd. Lowers Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Sterling Investment Advisors Ltd. lessened its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 3.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 25,546 shares of the company’s stock after selling 1,030 shares during the quarter. CrowdStrike makes up approximately 2.7% of Sterling Investment Advisors Ltd.’s portfolio, making the stock its 6th biggest holding. Sterling Investment Advisors Ltd.’s holdings in CrowdStrike were worth $9,789,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of CRWD. Trivant Custom Portfolio Group LLC bought a new stake in shares of CrowdStrike in the 1st quarter worth approximately $30,000. Family Firm Inc. purchased a new position in CrowdStrike in the 2nd quarter valued at approximately $30,000. Johnson Financial Group Inc. purchased a new position in CrowdStrike in the 4th quarter valued at approximately $31,000. Northwest Bank & Trust Co purchased a new position in CrowdStrike in the 4th quarter valued at approximately $32,000. Finally, Future Financial Wealth Managment LLC purchased a new position in CrowdStrike in the 1st quarter valued at approximately $32,000. Institutional investors own 71.16% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on CRWD shares. Sanford C. Bernstein reduced their price objective on shares of CrowdStrike from $334.00 to $327.00 and set an “outperform” rating for the company in a research note on Thursday. Morgan Stanley reduced their price objective on shares of CrowdStrike from $360.00 to $325.00 and set an “overweight” rating for the company in a research note on Thursday, August 15th. Jefferies Financial Group reduced their price objective 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. TD Cowen reduced their price objective on shares of CrowdStrike from $400.00 to $380.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. Finally, BTIG Research lowered shares of CrowdStrike from a “buy” rating to a “neutral” rating in a research note on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-three have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, CrowdStrike currently has a consensus rating of “Moderate Buy” and a consensus price target of $327.16.

Insider Buying and Selling

In related news, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $260.00, for a total transaction of $1,040,000.00. Following the transaction, the insider now directly owns 179,091 shares in the company, valued at approximately $46,563,660. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $260.00, for a total transaction of $1,040,000.00. Following the transaction, the insider now directly owns 179,091 shares in the company, valued at approximately $46,563,660. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO George Kurtz sold 55,587 shares of CrowdStrike stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $376.45, for a total value of $20,925,726.15. Following the completion of the sale, the chief executive officer now owns 1,127,843 shares in the company, valued at $424,576,497.35. The disclosure for this sale can be found here. Insiders have sold a total of 130,219 shares of company stock worth $48,856,294 in the last ninety days. 4.34% of the stock is owned by insiders.

CrowdStrike Trading Down 1.1 %

Shares of CRWD stock opened at $256.43 on Friday. The business has a 50-day moving average of $292.42 and a 200 day moving average of $316.40. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.90 and a quick ratio of 1.80. CrowdStrike Holdings, Inc. has a 1-year low of $157.59 and a 1-year high of $398.33. The stock has a market capitalization of $62.41 billion, a PE ratio of 483.83, a P/E/G ratio of 13.44 and a beta of 1.09.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, topping 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 business had revenue of $963.87 million for the quarter, compared to analyst estimates of $958.27 million. During the same period last year, the company earned $0.06 EPS. CrowdStrike’s revenue for the quarter was up 31.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that CrowdStrike Holdings, Inc. will post 0.81 earnings per share for the current year.

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.