Guerra Pan Advisors LLC Trims Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Guerra Pan Advisors LLC decreased its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 3.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,736 shares of the company’s stock after selling 363 shares during the quarter. CrowdStrike accounts for approximately 2.6% of Guerra Pan Advisors LLC’s investment portfolio, making the stock its 11th largest holding. Guerra Pan Advisors LLC’s holdings in CrowdStrike were worth $3,292,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. RKL Wealth Management LLC purchased a new position in shares of CrowdStrike during the 3rd quarter valued at about $2,297,000. Objective Capital Management LLC acquired a new stake in CrowdStrike during the third quarter worth about $207,000. Lindbrook Capital LLC raised its position in CrowdStrike by 8.1% during the third quarter. Lindbrook Capital LLC now owns 951 shares of the company’s stock valued at $267,000 after acquiring an additional 71 shares in the last quarter. Processus Wealth & Capital Management LLC lifted its holdings in CrowdStrike by 51.8% in the third quarter. Processus Wealth & Capital Management LLC now owns 10,663 shares of the company’s stock valued at $2,991,000 after acquiring an additional 3,637 shares during the period. Finally, Verdence Capital Advisors LLC boosted its position in CrowdStrike by 15.3% in the 3rd quarter. Verdence Capital Advisors LLC now owns 1,975 shares of the company’s stock worth $554,000 after purchasing an additional 262 shares in the last quarter. Institutional investors and hedge funds own 71.16% of the company’s stock.

CrowdStrike Stock Performance

NASDAQ:CRWD opened at $330.03 on Friday. The company’s 50-day moving average is $289.62 and its two-hundred day moving average is $308.66. CrowdStrike Holdings, Inc. has a 1-year low of $189.12 and a 1-year high of $398.33. 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 firm has a market capitalization of $80.90 billion, a price-to-earnings ratio of 478.30, a PEG ratio of 21.64 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $958.27 million. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The firm’s quarterly revenue was up 31.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.06 earnings per share. Analysts forecast that CrowdStrike Holdings, Inc. will post 0.52 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CRWD. Argus decreased their target price on shares of CrowdStrike from $400.00 to $325.00 and set a “buy” rating for the company in a research note on Friday, August 30th. DA Davidson reissued a “buy” rating and set a $310.00 target price on shares of CrowdStrike in a research note on Wednesday, September 18th. The Goldman Sachs Group cut their price target on CrowdStrike from $400.00 to $295.00 and set a “buy” rating for the company in a research note on Thursday, August 15th. BTIG Research cut CrowdStrike from a “buy” rating to a “neutral” rating in a report on Monday, July 22nd. Finally, Oppenheimer dropped their price objective on CrowdStrike from $450.00 to $365.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. One investment 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 assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $328.74.

Insiders Place Their Bets

In other news, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $260.00, for a total value of $1,040,000.00. Following the transaction, the insider now directly owns 179,091 shares in the company, valued at approximately $46,563,660. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $260.00, for a total value of $1,040,000.00. Following the completion of the sale, the insider now directly owns 179,091 shares of the company’s stock, valued at approximately $46,563,660. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Anurag Saha sold 1,683 shares of the stock in a transaction dated 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 approximately $11,582,623.36. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 108,248 shares of company stock valued at $32,143,350 over the last 90 days. 4.34% of the stock is owned by company 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.