CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Acquired by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI grew its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 6.0% in the 1st quarter, Holdings Channel reports. The institutional investor owned 831 shares of the company’s stock after buying an additional 47 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in CrowdStrike were worth $266,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the business. Trivant Custom Portfolio Group LLC purchased a new position in CrowdStrike in the 1st quarter valued at approximately $30,000. Hexagon Capital Partners LLC purchased a new position in CrowdStrike in the 4th quarter valued at approximately $26,000. Future Financial Wealth Managment LLC purchased a new position in CrowdStrike in the 1st quarter valued at approximately $32,000. MCF Advisors LLC purchased a new position in CrowdStrike in the 1st quarter valued at approximately $32,000. Finally, Bear Mountain Capital Inc. purchased a new position in CrowdStrike in the 4th quarter valued at approximately $27,000. 71.16% of the stock is owned by institutional investors and hedge funds.

CrowdStrike Trading Down 2.8 %

Shares of CRWD opened at $217.89 on Friday. The stock’s 50-day moving average is $342.74 and its two-hundred day moving average is $324.32. The stock has a market cap of $53.03 billion, a PE ratio of 411.12, a P/E/G ratio of 11.79 and a beta of 1.10. CrowdStrike Holdings, Inc. has a 12 month low of $140.52 and a 12 month 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.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings data on Tuesday, June 4th. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). The company had revenue of $921.04 million for the quarter, compared to analyst estimates of $904.82 million. CrowdStrike had a return on equity of 7.39% and a net margin of 4.01%. Equities analysts forecast that CrowdStrike Holdings, Inc. will post 0.87 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CRWD. Hsbc Global Res downgraded CrowdStrike from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 23rd. BMO Capital Markets dropped their price objective on CrowdStrike from $425.00 to $410.00 and set an “outperform” rating for the company in a research note on Wednesday, June 5th. Needham & Company LLC dropped their price target on CrowdStrike from $425.00 to $375.00 and set a “buy” rating for the company in a research report on Tuesday. JPMorgan Chase & Co. dropped their price target on CrowdStrike from $400.00 to $330.00 and set an “overweight” rating for the company in a research report on Monday, July 29th. Finally, Jefferies Financial Group dropped their price target on CrowdStrike from $400.00 to $300.00 and set a “buy” rating for the company in a research report on Wednesday. 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 assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $351.76.

Insiders Place Their Bets

In other news, CAO Anurag Saha sold 1,662 shares of CrowdStrike stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $380.63, for a total transaction of $632,607.06. Following the sale, the chief accounting officer now directly owns 40,645 shares of the company’s stock, valued at $15,470,706.35. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, CAO Anurag Saha sold 1,662 shares of CrowdStrike stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $380.63, for a total transaction of $632,607.06. Following the sale, the chief accounting officer now directly owns 40,645 shares of the company’s stock, valued at $15,470,706.35. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $371.32, for a total value of $1,485,280.00. Following the sale, the insider now directly owns 183,091 shares in the company, valued at $67,985,350.12. The disclosure for this sale can be found here. Insiders have sold a total of 147,643 shares of company stock worth $54,992,604 over the last quarter. 4.34% of the stock is owned by corporate insiders.

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.