Primecap Management Co. CA Sells 1,400 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Primecap Management Co. CA decreased its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 0.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 199,955 shares of the company’s stock after selling 1,400 shares during the period. Primecap Management Co. CA’s holdings in CrowdStrike were worth $76,621,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in CRWD. Massachusetts Financial Services Co. MA increased its holdings in shares of CrowdStrike by 1.6% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,759 shares of the company’s stock worth $960,000 after buying an additional 60 shares during the last quarter. Quadrant Capital Group LLC increased its holdings in shares of CrowdStrike by 110.0% in the 4th quarter. Quadrant Capital Group LLC now owns 378 shares of the company’s stock worth $97,000 after buying an additional 198 shares during the last quarter. TrinityPoint Wealth LLC bought a new position in shares of CrowdStrike in the 4th quarter worth $277,000. Dynamic Technology Lab Private Ltd bought a new position in shares of CrowdStrike in the 4th quarter worth $583,000. Finally, PNC Financial Services Group Inc. increased its holdings in shares of CrowdStrike by 16.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 40,603 shares of the company’s stock worth $10,367,000 after buying an additional 5,884 shares during the last quarter. Institutional investors own 71.16% of the company’s stock.

CrowdStrike Stock Up 0.3 %

Shares of CrowdStrike stock opened at $268.72 on Wednesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.90 and a quick ratio of 1.90. The company has a 50-day moving average of $271.34 and a 200 day moving average of $312.95. The firm has a market cap of $65.40 billion, a price-to-earnings ratio of 507.02, a PEG ratio of 16.14 and a beta of 1.09. CrowdStrike Holdings, Inc. has a 1 year low of $157.59 and a 1 year high of $398.33.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.07. The company had revenue of $963.87 million during the quarter, compared to analyst estimates of $958.27 million. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. CrowdStrike’s quarterly revenue was up 31.7% compared to the same quarter last year. During the same period last year, the business earned $0.06 EPS. As a group, sell-side analysts anticipate that CrowdStrike Holdings, Inc. will post 0.56 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CRWD. Morgan Stanley reaffirmed an “overweight” rating and issued a $325.00 price objective on shares of CrowdStrike in a research note on Monday, September 9th. TD Cowen cut their price objective on shares of CrowdStrike from $400.00 to $380.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. Sanford C. Bernstein cut their price objective on shares of CrowdStrike from $334.00 to $327.00 and set an “outperform” rating for the company in a research note on Thursday, September 5th. Citigroup cut 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, Rosenblatt Securities cut their price objective on shares of CrowdStrike from $350.00 to $330.00 and set a “buy” rating for the company in a research note on Monday, August 26th. One analyst has rated the stock with a sell rating, five have given a hold rating, thirty-three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, CrowdStrike currently has a consensus rating of “Moderate Buy” and a consensus price target of $327.16.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, CEO George Kurtz sold 55,587 shares of the firm’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $376.45, for a total transaction of $20,925,726.15. Following the completion of the sale, the chief executive officer now directly owns 1,127,843 shares in the company, valued at approximately $424,576,497.35. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, President Michael Sentonas sold 10,735 shares of the firm’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $380.63, for a total transaction of $4,086,063.05. Following the sale, the president now owns 411,166 shares of the company’s stock, valued at approximately $156,502,114.58. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO George Kurtz sold 55,587 shares of the firm’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $376.45, for a total transaction of $20,925,726.15. Following the sale, the chief executive officer now directly owns 1,127,843 shares in the company, valued at approximately $424,576,497.35. The disclosure for this sale can be found here. In the last ninety days, insiders sold 130,219 shares of company stock worth $48,306,394. 4.34% of the stock is owned by corporate insiders.

CrowdStrike 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.