CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Sold by Navellier & Associates Inc.

Navellier & Associates Inc. trimmed its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 9.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,993 shares of the company’s stock after selling 2,664 shares during the quarter. CrowdStrike accounts for approximately 1.0% of Navellier & Associates Inc.’s portfolio, making the stock its 19th biggest position. Navellier & Associates Inc.’s holdings in CrowdStrike were worth $7,571,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Beacon Financial Advisory LLC acquired a new position in CrowdStrike during the 3rd quarter worth approximately $955,000. Sumitomo Mitsui Trust Group Inc. increased its holdings in CrowdStrike by 10.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 846,189 shares of the company’s stock valued at $237,331,000 after acquiring an additional 78,305 shares in the last quarter. Burney Co. acquired a new position in CrowdStrike in the 1st quarter valued at about $1,342,000. Doliver Advisors LP lifted its stake in shares of CrowdStrike by 223.2% during the 3rd quarter. Doliver Advisors LP now owns 6,754 shares of the company’s stock worth $1,894,000 after purchasing an additional 4,664 shares during the period. Finally, DekaBank Deutsche Girozentrale grew its holdings in CrowdStrike by 0.7% in the third quarter. DekaBank Deutsche Girozentrale now owns 439,865 shares of the company’s stock valued at $124,644,000 after purchasing an additional 2,863 shares during the period. 71.16% of the stock is owned by hedge funds and other institutional investors.

CrowdStrike Stock Up 1.2 %

CrowdStrike stock opened at $354.18 on Thursday. The firm has a market cap of $86.82 billion, a price-to-earnings ratio of 507.46, a PEG ratio of 23.89 and a beta of 1.10. CrowdStrike Holdings, Inc. has a 52-week low of $200.81 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. The firm has a 50 day moving average price of $303.76 and a two-hundred day moving average price of $311.21.

CrowdStrike (NASDAQ:CRWD) last announced its earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The business had revenue of $963.87 million during the quarter, compared to the consensus estimate of $958.27 million. During the same quarter last year, the firm earned $0.06 earnings per share. CrowdStrike’s quarterly revenue was up 31.7% on a year-over-year basis. Equities analysts predict that CrowdStrike Holdings, Inc. will post 0.52 EPS for the current year.

Insider Buying and Selling

In other news, CEO George Kurtz sold 55,325 shares of the firm’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $296.62, for a total value of $16,410,501.50. Following the completion of the sale, the chief executive officer now directly owns 1,109,746 shares in the company, valued at $329,172,858.52. This trade represents a 4.75 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $340.44, for a total value of $1,361,760.00. Following the completion of the sale, the insider now directly owns 120,298 shares of the company’s stock, valued at $40,954,251.12. The trade was a 3.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 108,248 shares of company stock valued at $32,465,110 over the last 90 days. Company insiders own 4.34% of the company’s stock.

Wall Street Analysts Forecast Growth

CRWD has been the subject of a number of research reports. JPMorgan Chase & Co. decreased their target price on CrowdStrike from $400.00 to $330.00 and set an “overweight” rating for the company in a report on Monday, July 29th. Susquehanna reissued a “positive” rating and set a $310.00 price target on shares of CrowdStrike in a research report on Thursday, September 19th. Barclays boosted their price target on CrowdStrike from $295.00 to $372.00 and gave the stock an “overweight” rating in a research report on Monday. Hsbc Global Res raised CrowdStrike from a “hold” rating to a “strong-buy” rating in a report on Friday, August 30th. Finally, Piper Sandler reissued an “overweight” rating and issued a $290.00 target price on shares of CrowdStrike in a research note on Thursday, September 19th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, thirty-one have given a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, CrowdStrike has a consensus rating of “Moderate Buy” and an average target price of $333.82.

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.