AlpInvest Partners B.V. Has $371,000 Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

AlpInvest Partners B.V. lessened its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 34.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,322 shares of the company’s stock after selling 684 shares during the quarter. CrowdStrike makes up 0.2% of AlpInvest Partners B.V.’s holdings, making the stock its 14th biggest position. AlpInvest Partners B.V.’s holdings in CrowdStrike were worth $371,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Abich Financial Wealth Management LLC bought a new position in CrowdStrike during the second quarter worth about $25,000. Oakworth Capital Inc. bought a new stake in CrowdStrike in the 3rd quarter valued at $28,000. Tsfg LLC boosted its position in CrowdStrike by 593.3% during the third quarter. Tsfg LLC now owns 104 shares of the company’s stock worth $29,000 after purchasing an additional 89 shares during the period. Family Firm Inc. acquired a new position in shares of CrowdStrike in the second quarter valued at $30,000. Finally, Castleview Partners LLC bought a new position in CrowdStrike in the 3rd quarter valued at about $32,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have weighed in on CRWD. BNP Paribas assumed coverage on CrowdStrike in a research report on Tuesday, October 8th. They set a “neutral” rating and a $285.00 price objective on the stock. Truist Financial increased their target price on CrowdStrike from $325.00 to $375.00 and gave the stock a “buy” rating in a report on Monday. Robert W. Baird reduced their target price on CrowdStrike from $335.00 to $315.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. Wedbush set a $330.00 target price on CrowdStrike in a report on Thursday, October 17th. Finally, Canaccord Genuity Group reissued a “buy” rating and set a $330.00 target price on shares of CrowdStrike in a report on Monday, September 30th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirty-one have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, CrowdStrike has a consensus rating of “Moderate Buy” and an average target price of $333.82.

CrowdStrike Stock Down 0.9 %

CRWD traded down $3.06 during trading on Wednesday, hitting $350.23. 184,527 shares of the company’s stock traded hands, compared to its average volume of 4,982,632. The company’s 50 day simple moving average is $301.83 and its two-hundred day simple moving average is $310.94. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.26. CrowdStrike Holdings, Inc. has a 12-month low of $200.81 and a 12-month high of $398.33. The stock has a market capitalization of $85.85 billion, a price-to-earnings ratio of 512.01, a PEG ratio of 22.77 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD) last issued 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 the consensus estimate of $958.27 million. During the same period last year, the business posted $0.06 EPS. The company’s revenue was up 31.7% compared to the same quarter last year. Analysts predict that CrowdStrike Holdings, Inc. will post 0.52 earnings per share for the current fiscal year.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,500 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $260.73, for a total transaction of $1,173,285.00. Following the sale, the insider now directly owns 174,591 shares in the company, valued at approximately $45,521,111.43. This trade represents a 2.51 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO George Kurtz sold 55,325 shares of the firm’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $296.62, for a total value of $16,410,501.50. Following the completion of the transaction, the chief executive officer now owns 1,109,746 shares in the company, valued at approximately $329,172,858.52. This trade represents a 4.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 108,248 shares of company stock worth $32,465,110. Insiders own 4.34% of the company’s stock.

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.