North Star Asset Management Inc. Sells 80 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

North Star Asset Management Inc. lowered its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 0.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 30,690 shares of the company’s stock after selling 80 shares during the quarter. North Star Asset Management Inc.’s holdings in CrowdStrike were worth $11,760,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Trivant Custom Portfolio Group LLC bought a new position in shares of CrowdStrike during the 1st quarter worth approximately $30,000. Family Firm Inc. bought a new position in CrowdStrike in the second quarter valued at $30,000. Johnson Financial Group Inc. acquired a new stake in CrowdStrike in the 4th quarter valued at $31,000. Northwest Bank & Trust Co bought a new stake in CrowdStrike during the 4th quarter worth about $32,000. Finally, Future Financial Wealth Managment LLC acquired a new position in CrowdStrike during the first quarter valued at approximately $32,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

Insiders Place Their Bets

In other CrowdStrike news, CAO Anurag Saha sold 1,662 shares of the business’s stock in a transaction that occurred 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 transaction, the chief accounting officer now directly owns 40,645 shares of the company’s stock, valued at $15,470,706.35. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, CAO Anurag Saha sold 1,662 shares of the company’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $380.63, for a total transaction of $632,607.06. Following the transaction, the chief accounting officer now owns 40,645 shares in the company, valued at $15,470,706.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President Michael Sentonas sold 10,735 shares of the firm’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $380.63, for a total value of $4,086,063.05. Following the completion of the sale, the president now owns 411,166 shares of the company’s stock, valued at $156,502,114.58. The disclosure for this sale can be found here. In the last ninety days, insiders sold 130,219 shares of company stock worth $48,856,294. Company insiders own 4.34% of the company’s stock.

CrowdStrike Stock Down 3.9 %

Shares of NASDAQ:CRWD opened at $246.39 on Friday. The firm has a market cap of $59.96 billion, a P/E ratio of 464.89, a P/E/G ratio of 13.44 and a beta of 1.09. CrowdStrike Holdings, Inc. has a 12-month low of $157.59 and a 12-month high of $398.33. The business has a fifty day simple moving average of $289.69 and a 200 day simple moving average of $315.83. The company has a quick ratio of 1.80, a current ratio of 1.90 and a debt-to-equity ratio of 0.26.

CrowdStrike (NASDAQ:CRWD) last announced its 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 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 analysts’ expectations of $958.27 million. During the same period in the prior year, the business posted $0.06 earnings per share. The firm’s revenue was up 31.7% on a year-over-year basis. Analysts predict that CrowdStrike Holdings, Inc. will post 0.81 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on CRWD shares. Scotiabank cut their price objective on CrowdStrike from $300.00 to $265.00 and set a “sector perform” rating for the company in a report on Wednesday, August 14th. Oppenheimer dropped their price objective on CrowdStrike from $450.00 to $365.00 and set an “outperform” rating on the stock in a research note on Thursday, August 29th. Cantor Fitzgerald reduced their target price on CrowdStrike from $400.00 to $350.00 and set an “overweight” rating for the company in a research note on Thursday, August 29th. FBN Securities raised CrowdStrike to a “strong-buy” rating in a report on Wednesday, June 5th. Finally, Royal Bank of Canada reduced their price objective on CrowdStrike from $345.00 to $335.00 and set an “outperform” rating for the company in a report on Thursday, August 29th. One equities research 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. Based on data from MarketBeat.com, CrowdStrike presently has an average rating of “Moderate Buy” and a consensus price target of $327.16.

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.