Eventide Asset Management LLC Sells 59,401 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Eventide Asset Management LLC cut its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 23.8% during the third quarter, Holdings Channel.com reports. The institutional investor owned 190,547 shares of the company’s stock after selling 59,401 shares during the quarter. Eventide Asset Management LLC’s holdings in CrowdStrike were worth $53,443,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Abich Financial Wealth Management LLC acquired a new position in CrowdStrike in the second quarter valued at about $25,000. Family Firm Inc. acquired a new position in CrowdStrike in the second quarter valued at about $30,000. Itau Unibanco Holding S.A. acquired a new position in CrowdStrike in the second quarter valued at about $33,000. Unique Wealth Strategies LLC acquired a new position in CrowdStrike in the second quarter valued at about $36,000. Finally, Hobbs Group Advisors LLC acquired a new position in CrowdStrike in the second quarter valued at about $38,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

CrowdStrike Stock Performance

Shares of CRWD stock opened at $347.59 on Friday. The stock has a market cap of $85.20 billion, a P/E ratio of 681.56, a P/E/G ratio of 25.16 and a beta of 1.10. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.90. The company has a fifty day moving average price of $314.88 and a two-hundred day moving average price of $313.01. CrowdStrike Holdings, Inc. has a one year low of $200.81 and a one year high of $398.33.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. The firm had revenue of $963.87 million during the quarter, compared to analysts’ expectations of $958.27 million. CrowdStrike had a net margin of 3.39% and a return on equity of 7.11%. The company’s revenue for the quarter was up 31.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.06 earnings per share. As a group, equities analysts predict that CrowdStrike Holdings, Inc. will post 0.49 EPS for the current year.

Wall Street Analyst Weigh In

CRWD has been the topic of a number of recent analyst reports. Raymond James reduced their price target on shares of CrowdStrike from $380.00 to $275.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. Barclays upped their target price on shares of CrowdStrike from $295.00 to $372.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. CICC Research initiated coverage on shares of CrowdStrike in a research report on Monday, November 18th. They set a “market perform” rating and a $295.00 target price on the stock. Morgan Stanley upped their target price on shares of CrowdStrike from $325.00 to $355.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Finally, Hsbc Global Res lowered shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have issued a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $355.80.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 1,683 shares of the stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $297.28, for a total value of $500,322.24. Following the completion of the sale, the chief accounting officer now owns 38,962 shares in the company, valued at $11,582,623.36. This trade represents a 4.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $340.44, for a total transaction of $1,361,760.00. Following the sale, the insider now owns 120,298 shares of the company’s stock, valued at approximately $40,954,251.12. This represents a 3.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 108,248 shares of company stock worth $32,465,110 over the last quarter. 4.34% of the stock is currently owned by insiders.

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.