CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Holdings Reduced by Pathstone Holdings LLC

Pathstone Holdings LLC lowered its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 55.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 268,522 shares of the company’s stock after selling 338,644 shares during the quarter. Pathstone Holdings LLC owned about 0.11% of CrowdStrike worth $75,312,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Tidemark LLC raised its stake in shares of CrowdStrike by 8.0% during the third quarter. Tidemark LLC now owns 645 shares of the company’s stock valued at $181,000 after purchasing an additional 48 shares in the last quarter. Cassaday & Co Wealth Management LLC increased its stake in CrowdStrike by 23.6% during the 3rd quarter. Cassaday & Co Wealth Management LLC now owns 1,094 shares of the company’s stock valued at $307,000 after buying an additional 209 shares during the period. Zevin Asset Management LLC lifted its stake in shares of CrowdStrike by 12.1% in the 3rd quarter. Zevin Asset Management LLC now owns 23,095 shares of the company’s stock worth $6,477,000 after acquiring an additional 2,501 shares during the period. LMR Partners LLP acquired a new stake in shares of CrowdStrike in the 3rd quarter worth approximately $22,438,000. Finally, Islay Capital Management LLC increased its stake in shares of CrowdStrike by 150.0% during the third quarter. Islay Capital Management LLC now owns 150 shares of the company’s stock valued at $42,000 after acquiring an additional 90 shares during the period. Institutional investors own 71.16% of the company’s stock.

Insider Activity

In related news, Director Sameer K. Gandhi sold 5,036 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $320.48, for a total transaction of $1,613,937.28. Following the completion of the transaction, the director now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at $40,954,251.12. This trade represents a 3.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 108,248 shares of company stock valued at $32,465,110 over the last 90 days. 4.34% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on CRWD shares. KeyCorp upped their target price on CrowdStrike from $300.00 to $345.00 and gave the stock an “overweight” rating in a research report on Monday, September 23rd. Truist Financial lifted their target price on CrowdStrike from $325.00 to $375.00 and gave the stock a “buy” rating in a report on Monday. Morgan Stanley raised their price objective on shares of CrowdStrike from $325.00 to $355.00 and gave the company an “overweight” rating in a research report on Monday. The Goldman Sachs Group dropped their target price on shares of CrowdStrike from $400.00 to $295.00 and set a “buy” rating on the stock in a report on Thursday, August 15th. Finally, Argus reduced their target price on shares of CrowdStrike from $400.00 to $325.00 and set a “buy” rating for the company in a report on Friday, August 30th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, thirty-one have issued a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, CrowdStrike presently has a consensus rating of “Moderate Buy” and an average price target of $331.90.

CrowdStrike Trading Up 1.8 %

CrowdStrike stock opened at $342.97 on Tuesday. CrowdStrike Holdings, Inc. has a one year low of $200.81 and a one year high of $398.33. The company’s fifty day moving average price is $299.72 and its two-hundred day moving average price is $310.63. 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 market capitalization of $84.07 billion, a price-to-earnings ratio of 497.06, a PEG ratio of 22.77 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD) last released 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. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The company had revenue of $963.87 million during the quarter, compared to the consensus estimate of $958.27 million. During the same quarter in the prior year, the company posted $0.06 EPS. The firm’s revenue was up 31.7% on a year-over-year basis. On average, analysts forecast that CrowdStrike Holdings, Inc. will post 0.52 earnings per share for the current fiscal year.

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.