Toronto Dominion Bank Sells 8,378 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Toronto Dominion Bank reduced its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 25.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,064 shares of the company’s stock after selling 8,378 shares during the quarter. Toronto Dominion Bank’s holdings in CrowdStrike were worth $7,715,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. CVA Family Office LLC bought a new position in CrowdStrike in the fourth quarter valued at about $26,000. Pacer Advisors Inc. lifted its holdings in CrowdStrike by 30.4% in the fourth quarter. Pacer Advisors Inc. now owns 17,418 shares of the company’s stock valued at $4,447,000 after acquiring an additional 4,064 shares during the period. Procyon Advisors LLC bought a new position in CrowdStrike in the fourth quarter valued at about $343,000. Ritholtz Wealth Management bought a new position in CrowdStrike in the fourth quarter valued at about $265,000. Finally, McGlone Suttner Wealth Management Inc. purchased a new stake in CrowdStrike in the fourth quarter worth about $36,000. 71.16% of the stock is owned by institutional investors.

CrowdStrike Stock Performance

CRWD traded up $2.01 on Friday, reaching $256.16. 9,584,374 shares of the stock were exchanged, compared to its average volume of 10,010,274. The company’s 50-day moving average price is $354.16 and its 200 day moving average price is $326.00. CrowdStrike Holdings, Inc. has a fifty-two week low of $140.52 and a fifty-two week high of $398.33. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.80 and a quick ratio of 1.80. The firm has a market capitalization of $62.34 billion, a PE ratio of 483.33, a PEG ratio of 12.98 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings results on Tuesday, June 4th. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). CrowdStrike had a return on equity of 7.39% and a net margin of 4.01%. The firm had revenue of $921.04 million for the quarter, compared to analyst estimates of $904.82 million. As a group, sell-side analysts forecast that CrowdStrike Holdings, Inc. will post 0.9 EPS for the current fiscal year.

Insider Activity

In other news, CAO Anurag Saha sold 1,662 shares of the business’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $380.63, for a total value of $632,607.06. Following the completion of the transaction, the chief accounting officer now owns 40,645 shares of the company’s stock, valued at approximately $15,470,706.35. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CFO Burt W. Podbere sold 15,753 shares of CrowdStrike stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $305.15, for a total value of $4,807,027.95. Following the completion of the transaction, the chief financial officer now owns 313,994 shares in the company, valued at approximately $95,815,269.10. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Anurag Saha sold 1,662 shares of CrowdStrike stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $380.63, for a total value of $632,607.06. Following the completion of the transaction, the chief accounting officer now owns 40,645 shares of the company’s stock, valued at approximately $15,470,706.35. The disclosure for this sale can be found here. Insiders sold a total of 219,675 shares of company stock valued at $76,931,522 in the last quarter. 4.34% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have commented on CRWD. Royal Bank of Canada reduced their price target on CrowdStrike from $420.00 to $380.00 and set an “outperform” rating for the company in a research report on Monday, July 22nd. Piper Sandler cut their target price on CrowdStrike from $400.00 to $310.00 and set a “neutral” rating for the company in a research report on Monday, July 22nd. JMP Securities reiterated a “market outperform” rating and set a $400.00 target price on shares of CrowdStrike in a research report on Tuesday, May 14th. Westpark Capital reiterated a “hold” rating on shares of CrowdStrike in a research report on Tuesday. Finally, Needham & Company LLC reiterated a “buy” rating and set a $425.00 target price on shares of CrowdStrike in a research report on Wednesday, June 5th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, thirty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $359.16.

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.