CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC decreased its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 57.6% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 463,983 shares of the company’s stock after selling 630,300 shares during the quarter. Renaissance Technologies LLC’s holdings in CrowdStrike were worth $177,794,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA increased its position in CrowdStrike by 1.6% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,759 shares of the company’s stock worth $960,000 after purchasing an additional 60 shares during the last quarter. Quadrant Capital Group LLC raised its position in shares of CrowdStrike by 110.0% during the 4th quarter. Quadrant Capital Group LLC now owns 378 shares of the company’s stock valued at $97,000 after buying an additional 198 shares during the period. Financial Advocates Investment Management lifted its holdings in CrowdStrike by 51.3% in the fourth quarter. Financial Advocates Investment Management now owns 3,857 shares of the company’s stock valued at $985,000 after acquiring an additional 1,308 shares during the last quarter. Level Four Advisory Services LLC grew its position in CrowdStrike by 19.5% in the fourth quarter. Level Four Advisory Services LLC now owns 4,095 shares of the company’s stock worth $1,046,000 after acquiring an additional 669 shares during the period. Finally, TrinityPoint Wealth LLC acquired a new stake in CrowdStrike during the fourth quarter worth $277,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Canaccord Genuity Group lowered their price target on CrowdStrike from $340.00 to $330.00 and set a “buy” rating for the company in a report on Thursday, August 29th. Royal Bank of Canada dropped their price target on shares of CrowdStrike from $345.00 to $335.00 and set an “outperform” rating for the company in a research report on Thursday, August 29th. Robert W. Baird decreased their price objective on shares of CrowdStrike from $335.00 to $315.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. Redburn Atlantic downgraded shares of CrowdStrike from a “neutral” rating to a “sell” rating and dropped their target price for the company from $380.00 to $275.00 in a report on Thursday, July 18th. Finally, Stifel Nicolaus lowered their price target on CrowdStrike from $400.00 to $300.00 and set a “buy” rating for the company in a research report on Friday, August 9th. One research analyst has rated the stock with a sell rating, five have given a hold rating, thirty-three have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $327.16.

CrowdStrike Stock Up 0.8 %

CrowdStrike stock opened at $259.13 on Monday. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.26. The stock has a 50 day moving average of $276.14 and a two-hundred day moving average of $313.67. CrowdStrike Holdings, Inc. has a twelve month low of $157.59 and a twelve month high of $398.33. The stock has a market capitalization of $63.06 billion, a price-to-earnings ratio of 488.92, a PEG ratio of 16.14 and a beta of 1.09.

CrowdStrike (NASDAQ:CRWD) last issued 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. The business had revenue of $963.87 million for the quarter, compared to the consensus estimate of $958.27 million. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The business’s quarterly revenue was up 31.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.06 earnings per share. As a group, research analysts expect that CrowdStrike Holdings, Inc. will post 0.56 earnings per share for the current year.

Insider Transactions at CrowdStrike

In related news, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction 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 owns 179,091 shares of the company’s stock, valued at $46,563,660. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $260.00, for a total transaction of $1,040,000.00. Following the sale, the insider now directly owns 179,091 shares in the company, valued at approximately $46,563,660. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sameer K. Gandhi sold 15,000 shares of the stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $380.21, for a total transaction of $5,703,150.00. Following the completion of the transaction, the director now owns 824,234 shares of the company’s stock, valued at approximately $313,382,009.14. The disclosure for this sale can be found here. In the last three months, insiders sold 125,719 shares of company stock valued at $47,133,109. Corporate insiders own 4.34% of the company’s stock.

About CrowdStrike

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.