Caprock Group LLC Sells 600 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Caprock Group LLC cut its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 1.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,202 shares of the company’s stock after selling 600 shares during the period. Caprock Group LLC’s holdings in CrowdStrike were worth $8,471,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Abich Financial Wealth Management LLC purchased a new stake in CrowdStrike during the 2nd quarter valued at $25,000. Oakworth Capital Inc. purchased a new position in shares of CrowdStrike during the 3rd quarter worth about $28,000. Tsfg LLC grew its holdings in CrowdStrike by 593.3% during the 3rd quarter. Tsfg LLC now owns 104 shares of the company’s stock valued at $29,000 after purchasing an additional 89 shares during the last quarter. Family Firm Inc. purchased a new stake in CrowdStrike in the 2nd quarter worth about $30,000. Finally, Castleview Partners LLC purchased a new position in shares of CrowdStrike during the third quarter valued at approximately $32,000. 71.16% of the stock is owned by institutional investors.

CrowdStrike Trading Up 1.8 %

CRWD opened at $342.97 on Tuesday. The stock has a market capitalization of $84.07 billion, a PE ratio of 497.06, a P/E/G ratio of 22.77 and a beta of 1.10. CrowdStrike Holdings, Inc. has a one year low of $200.81 and a one year high of $398.33. 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’s 50 day moving average price is $299.72 and its 200 day moving average price is $310.63.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly 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. The business had revenue of $963.87 million for the quarter, compared to analyst estimates of $958.27 million. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The company’s quarterly revenue was up 31.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.06 EPS. As a group, equities research analysts expect that CrowdStrike Holdings, Inc. will post 0.52 EPS for the current year.

Insider Transactions at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,500 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $260.73, for a total value of $1,173,285.00. Following the completion of the transaction, the insider now owns 174,591 shares of the company’s stock, valued at $45,521,111.43. This trade represents a 2.51 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, 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 approximately $11,582,623.36. The trade was a 4.14 % 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. 4.34% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms recently issued reports on CRWD. Hsbc Global Res upgraded CrowdStrike from a “hold” rating to a “strong-buy” rating in a report on Friday, August 30th. Argus cut their target price on shares of CrowdStrike from $400.00 to $325.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. Truist Financial upped their price target on shares of CrowdStrike from $325.00 to $375.00 and gave the stock a “buy” rating in a research report on Monday. Citigroup reduced their price objective on shares of CrowdStrike from $345.00 to $300.00 and set a “buy” rating for the company in a research note on Wednesday, August 14th. Finally, Royal Bank of Canada reduced their price target on CrowdStrike from $345.00 to $335.00 and set an “outperform” rating for the company in a research report on Thursday, August 29th. One analyst has rated the stock with a sell rating, seven have given a hold rating, thirty-one have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, CrowdStrike currently has a consensus rating of “Moderate Buy” and an average target price of $331.90.

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.