CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Stock Holdings Cut by HM Payson & Co.

HM Payson & Co. cut its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 5.9% during the 3rd quarter, Holdings Channel reports. The firm owned 655 shares of the company’s stock after selling 41 shares during the period. HM Payson & Co.’s holdings in CrowdStrike were worth $184,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its position in CrowdStrike by 2.0% in the first quarter. Vanguard Group Inc. now owns 16,061,400 shares of the company’s stock worth $5,149,124,000 after acquiring an additional 315,280 shares in the last quarter. Legal & General Group Plc raised its holdings in shares of CrowdStrike by 3.0% in the 2nd quarter. Legal & General Group Plc now owns 2,049,704 shares of the company’s stock worth $785,425,000 after purchasing an additional 60,607 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in CrowdStrike by 4.4% during the second quarter. Ameriprise Financial Inc. now owns 1,817,387 shares of the company’s stock valued at $696,471,000 after purchasing an additional 77,100 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in CrowdStrike by 47.5% during the second quarter. Bank of New York Mellon Corp now owns 1,753,252 shares of the company’s stock worth $671,828,000 after buying an additional 564,662 shares in the last quarter. Finally, Federated Hermes Inc. grew its position in CrowdStrike by 0.9% in the second quarter. Federated Hermes Inc. now owns 1,112,272 shares of the company’s stock worth $426,212,000 after buying an additional 9,564 shares during the last quarter. Institutional investors own 71.16% of the company’s stock.

CrowdStrike Stock Up 2.1 %

CRWD opened at $303.13 on Friday. The firm has a market cap of $74.31 billion, a P/E ratio of 439.32, a price-to-earnings-growth ratio of 20.79 and a beta of 1.10. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.90 and a current ratio of 1.90. The business has a 50 day moving average price of $284.85 and a 200 day moving average price of $307.77. CrowdStrike Holdings, Inc. has a twelve month low of $178.35 and a twelve month high of $398.33.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates 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 period in the previous year, the company earned $0.06 earnings per share. CrowdStrike’s revenue for the quarter was up 31.7% on a year-over-year basis. Research analysts forecast that CrowdStrike Holdings, Inc. will post 0.52 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on CRWD shares. Evercore ISI cut their price objective on CrowdStrike from $350.00 to $325.00 and set an “outperform” rating for the company in a research report on Tuesday, July 30th. HSBC upgraded CrowdStrike from a “hold” rating to a “buy” rating and increased their price target for the company from $302.00 to $339.00 in a research report on Friday, August 30th. Wedbush set a $330.00 price objective on CrowdStrike in a report on Thursday, October 17th. Westpark Capital reaffirmed a “hold” rating on shares of CrowdStrike in a research note on Thursday, September 19th. Finally, Sanford C. Bernstein dropped their target price on shares of CrowdStrike from $334.00 to $327.00 and set an “outperform” rating on the stock in a research report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-one have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $328.74.

Insider Activity

In related news, CAO Anurag Saha sold 1,683 shares of the business’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $297.28, for a total transaction of $500,322.24. Following the completion of the transaction, the chief accounting officer now owns 38,962 shares of the company’s stock, valued at approximately $11,582,623.36. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Burt W. Podbere sold 11,178 shares of the business’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $297.47, for a total transaction of $3,325,119.66. Following the transaction, the chief financial officer now owns 286,472 shares in the company, valued at approximately $85,216,825.84. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Anurag Saha sold 1,683 shares of the stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $297.28, for a total transaction of $500,322.24. Following the completion of the sale, the chief accounting officer now owns 38,962 shares of the company’s stock, valued at approximately $11,582,623.36. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 103,212 shares of company stock valued at $30,529,413. 4.34% of the stock is owned by insiders.

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.