Ithaka Group LLC Sells 184 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Ithaka Group LLC decreased its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 0.9% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 19,375 shares of the company’s stock after selling 184 shares during the period. CrowdStrike comprises 1.0% of Ithaka Group LLC’s portfolio, making the stock its 28th biggest position. Ithaka Group LLC’s holdings in CrowdStrike were worth $5,434,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Arlington Financial Advisors LLC lifted its stake in CrowdStrike by 1.5% in the 2nd quarter. Arlington Financial Advisors LLC now owns 2,030 shares of the company’s stock valued at $778,000 after acquiring an additional 30 shares in the last quarter. Sunpointe LLC lifted its stake in CrowdStrike by 3.1% in the 3rd quarter. Sunpointe LLC now owns 1,131 shares of the company’s stock valued at $317,000 after acquiring an additional 34 shares in the last quarter. Means Investment CO. Inc. lifted its stake in CrowdStrike by 1.8% in the 2nd quarter. Means Investment CO. Inc. now owns 1,933 shares of the company’s stock valued at $741,000 after acquiring an additional 35 shares in the last quarter. Interchange Capital Partners LLC lifted its stake in CrowdStrike by 1.1% in the 3rd quarter. Interchange Capital Partners LLC now owns 3,694 shares of the company’s stock valued at $1,036,000 after acquiring an additional 39 shares in the last quarter. Finally, JFS Wealth Advisors LLC increased its position in shares of CrowdStrike by 9.1% during the 3rd quarter. JFS Wealth Advisors LLC now owns 478 shares of the company’s stock worth $134,000 after purchasing an additional 40 shares during the last quarter. Institutional investors own 71.16% of the company’s stock.

Insiders Place Their Bets

In other news, insider Shawn Henry sold 4,500 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $260.73, for a total value of $1,173,285.00. Following the completion of the sale, the insider now owns 174,591 shares of the company’s stock, valued at approximately $45,521,111.43. This represents a 2.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Sameer K. Gandhi sold 5,036 shares of the stock in a transaction dated 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. The trade was a 0.61 % 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 $32,465,110 in the last 90 days. Corporate insiders own 4.34% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on CRWD shares. Susquehanna reaffirmed a “positive” rating and set a $310.00 price target on shares of CrowdStrike in a research report on Thursday, September 19th. Evercore ISI lowered their price target on CrowdStrike from $350.00 to $325.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 30th. Westpark Capital reaffirmed a “hold” rating on shares of CrowdStrike in a research report on Thursday, September 19th. Morgan Stanley boosted their price target on CrowdStrike from $325.00 to $355.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, Truist Financial boosted their price target on CrowdStrike from $325.00 to $375.00 and gave the stock a “buy” rating in a research report on Monday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, thirty have issued a buy rating and four have given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $334.33.

CrowdStrike Stock Performance

NASDAQ:CRWD opened at $357.55 on Friday. 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 Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $398.33. The company has a market cap of $87.65 billion, a price-to-earnings ratio of 518.19, a PEG ratio of 23.89 and a beta of 1.10. The stock has a fifty day moving average price of $305.77 and a 200-day moving average price of $311.53.

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

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.