Gladstone Institutional Advisory LLC Trims Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Gladstone Institutional Advisory LLC cut its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 52.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,879 shares of the company’s stock after selling 5,321 shares during the period. Gladstone Institutional Advisory LLC’s holdings in CrowdStrike were worth $1,369,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Abich Financial Wealth Management LLC purchased a new stake in shares of CrowdStrike in the 2nd quarter valued at approximately $25,000. Family Firm Inc. purchased a new stake in CrowdStrike in the second quarter valued at approximately $30,000. Itau Unibanco Holding S.A. purchased a new stake in CrowdStrike in the second quarter valued at approximately $33,000. Unique Wealth Strategies LLC purchased a new position in shares of CrowdStrike during the second quarter worth $36,000. Finally, Hobbs Group Advisors LLC acquired a new stake in shares of CrowdStrike in the second quarter valued at $38,000. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

CrowdStrike Stock Performance

NASDAQ 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 P/E/G ratio of 20.79 and a beta of 1.10. CrowdStrike Holdings, Inc. has a 52-week low of $178.35 and a 52-week high of $398.33. The business’s 50-day moving average price is $284.85 and its 200 day moving average price is $307.83. The company has a quick ratio of 1.90, 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 earnings per share 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 company 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% on a year-over-year basis. On average, equities research analysts expect that CrowdStrike Holdings, Inc. will post 0.52 earnings per share for the current year.

Insiders Place Their Bets

In other news, CAO Anurag Saha sold 1,683 shares of CrowdStrike stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $297.28, for a total value of $500,322.24. Following the sale, the chief accounting officer now owns 38,962 shares of the company’s stock, valued at $11,582,623.36. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Sameer K. Gandhi sold 6,250 shares of the firm’s stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $320.38, for a total value of $2,002,375.00. Following the completion of the sale, the director now directly owns 821,766 shares of the company’s stock, valued at $263,277,391.08. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Anurag Saha sold 1,683 shares of the company’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $297.28, for a total value of $500,322.24. Following the transaction, the chief accounting officer now directly owns 38,962 shares in the company, valued at $11,582,623.36. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 103,212 shares of company stock worth $30,529,413. 4.34% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CRWD. Wells Fargo & Company decreased their target price on CrowdStrike from $435.00 to $350.00 and set an “overweight” rating on the stock in a research note on Monday, July 22nd. Rosenblatt Securities reissued a “buy” rating and issued a $325.00 price objective on shares of CrowdStrike in a research note on Thursday, September 19th. Hsbc Global Res upgraded shares of CrowdStrike from a “hold” rating to a “strong-buy” rating in a report on Friday, August 30th. BMO Capital Markets raised their price target on shares of CrowdStrike from $290.00 to $315.00 and gave the company an “outperform” rating in a research report on Thursday, August 29th. Finally, TD Cowen cut their price objective on CrowdStrike from $400.00 to $380.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, thirty-one have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, CrowdStrike currently has a consensus rating of “Moderate Buy” and an average price target of $328.74.

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.