CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Holdings Trimmed by Candriam S.C.A.

Candriam S.C.A. lowered its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 1.2% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 212,878 shares of the company’s stock after selling 2,518 shares during the quarter. Candriam S.C.A.’s holdings in CrowdStrike were worth $81,569,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Norges Bank acquired a new position in CrowdStrike in the fourth quarter worth approximately $683,336,000. Pathstone Holdings LLC acquired a new stake in shares of CrowdStrike during the fourth quarter worth $450,418,000. Vanguard Group Inc. lifted its holdings in shares of CrowdStrike by 7.0% during the fourth quarter. Vanguard Group Inc. now owns 15,746,120 shares of the company’s stock valued at $4,020,299,000 after purchasing an additional 1,028,405 shares during the last quarter. Bank of New York Mellon Corp increased its stake in CrowdStrike by 47.5% in 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 purchasing an additional 564,662 shares in the last quarter. Finally, Acadian Asset Management LLC raised its holdings in CrowdStrike by 619.0% during the 1st quarter. Acadian Asset Management LLC now owns 554,876 shares of the company’s stock worth $177,865,000 after buying an additional 477,706 shares during the period. 71.16% of the stock is currently owned by institutional investors.

Insider Transactions at CrowdStrike

In related news, CAO Anurag Saha sold 1,662 shares of the company’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of $380.63, for a total value of $632,607.06. Following the completion of the transaction, the chief accounting officer now directly owns 40,645 shares in the company, valued at $15,470,706.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $371.32, for a total transaction of $1,485,280.00. Following the completion of the transaction, the insider now owns 183,091 shares in the company, valued at $67,985,350.12. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Anurag Saha sold 1,662 shares of the company’s stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $380.63, for a total value of $632,607.06. Following the completion of the sale, the chief accounting officer now owns 40,645 shares in the company, valued at $15,470,706.35. The disclosure for this sale can be found here. In the last quarter, insiders have sold 130,219 shares of company stock valued at $48,856,294. 4.34% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have commented on the stock. Truist Financial reiterated a “buy” rating and issued a $325.00 target price on shares of CrowdStrike in a report on Wednesday, August 28th. Stifel Nicolaus reduced their target price on CrowdStrike from $400.00 to $300.00 and set a “buy” rating for the company in a report on Friday, August 9th. Piper Sandler raised CrowdStrike from a “neutral” rating to an “overweight” rating and reduced their price objective for the stock from $310.00 to $290.00 in a research note on Tuesday, August 6th. Barclays upped their target price on CrowdStrike from $285.00 to $295.00 and gave the company an “overweight” rating in a report on Thursday, August 29th. Finally, JMP Securities reissued a “market outperform” rating and issued a $400.00 price target on shares of CrowdStrike in a research report on Tuesday, May 14th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-three have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $327.16.

CrowdStrike Price Performance

Shares of CrowdStrike stock opened at $246.39 on Friday. The firm has a fifty day moving average price of $289.69 and a two-hundred day moving average price of $315.83. CrowdStrike Holdings, Inc. has a fifty-two week low of $157.59 and a fifty-two week high of $398.33. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.90 and a quick ratio of 1.80. The company has a market cap of $59.96 billion, a PE ratio of 464.89, a price-to-earnings-growth ratio of 13.44 and a beta of 1.09.

CrowdStrike (NASDAQ:CRWD) last released its 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 net margin of 4.84% and a return on equity of 8.44%. The business had revenue of $963.87 million during the quarter, compared to analysts’ expectations of $958.27 million. During the same quarter last year, the company earned $0.06 earnings per share. The firm’s revenue was up 31.7% on a year-over-year basis. Analysts expect that CrowdStrike Holdings, Inc. will post 0.81 EPS for the current year.

CrowdStrike Company 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.