Migdal Insurance & Financial Holdings Ltd. Sells 362 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Migdal Insurance & Financial Holdings Ltd. cut its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 3.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,402 shares of the company’s stock after selling 362 shares during the quarter. Migdal Insurance & Financial Holdings Ltd.’s holdings in CrowdStrike were worth $2,637,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. International Assets Investment Management LLC grew its holdings in shares of CrowdStrike by 17,926.3% during the third quarter. International Assets Investment Management LLC now owns 925,831 shares of the company’s stock valued at $259,668,000 after buying an additional 920,695 shares during the last quarter. Bank of New York Mellon Corp raised its position in CrowdStrike by 47.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,753,252 shares of the company’s stock valued at $671,828,000 after buying an additional 564,662 shares during the last quarter. Acadian Asset Management LLC boosted its holdings in CrowdStrike by 619.0% during the 1st quarter. Acadian Asset Management LLC now owns 554,876 shares of the company’s stock worth $177,865,000 after acquiring an additional 477,706 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of CrowdStrike by 248.6% in the third quarter. Assenagon Asset Management S.A. now owns 521,198 shares of the company’s stock valued at $146,180,000 after purchasing an additional 371,695 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in CrowdStrike by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 16,061,400 shares of the company’s stock worth $5,149,124,000 after purchasing an additional 315,280 shares in the last quarter. 71.16% of the stock is owned by institutional investors.

CrowdStrike Stock Down 0.2 %

Shares of CRWD traded down $0.75 during trading hours on Friday, hitting $330.03. The company had a trading volume of 2,845,710 shares, compared to its average volume of 3,525,897. The stock has a market capitalization of $80.90 billion, a price-to-earnings ratio of 478.30, a P/E/G ratio of 21.64 and a beta of 1.10. The firm has a fifty day moving average price of $289.62 and a 200-day moving average price of $308.66. CrowdStrike Holdings, Inc. has a 52-week low of $189.12 and a 52-week 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.

CrowdStrike (NASDAQ:CRWD) last issued its 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 business had revenue of $963.87 million during the quarter, compared to analysts’ expectations of $958.27 million. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The business’s revenue for the quarter was up 31.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.06 earnings per share. On average, equities research analysts forecast that CrowdStrike Holdings, Inc. will post 0.52 EPS for the current fiscal year.

Insider Transactions at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 1,683 shares of the firm’s 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 of the company’s stock, valued at approximately $11,582,623.36. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director Sameer K. Gandhi sold 5,036 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $320.48, for a total value of $1,613,937.28. Following the completion of the sale, the director now directly owns 816,730 shares of the company’s stock, valued at approximately $261,745,630.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Anurag Saha sold 1,683 shares of CrowdStrike stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $297.28, for a total transaction 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. Insiders sold 108,248 shares of company stock worth $32,143,350 over the last three months. 4.34% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. DA Davidson restated a “buy” rating and issued a $310.00 price objective on shares of CrowdStrike in a research note on Wednesday, September 18th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $325.00 price target on shares of CrowdStrike in a report on Thursday, September 19th. Piper Sandler reissued an “overweight” rating and set a $290.00 price objective on shares of CrowdStrike in a report on Thursday, September 19th. Hsbc Global Res upgraded CrowdStrike from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 30th. Finally, Robert W. Baird cut their price target on CrowdStrike from $335.00 to $315.00 and set an “outperform” rating for the company in a research note on Thursday, August 29th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-one have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price 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.