Dynamic Advisor Solutions LLC Trims Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Dynamic Advisor Solutions LLC reduced its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 82.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,443 shares of the company’s stock after selling 16,630 shares during the period. Dynamic Advisor Solutions LLC’s holdings in CrowdStrike were worth $1,319,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Saturna Capital Corp grew its position in CrowdStrike by 2.7% during the first quarter. Saturna Capital Corp now owns 1,273 shares of the company’s stock worth $408,000 after buying an additional 33 shares during the period. Shepherd Financial Partners LLC grew its position in shares of CrowdStrike by 1.4% in the fourth quarter. Shepherd Financial Partners LLC now owns 2,528 shares of the company’s stock valued at $645,000 after purchasing an additional 36 shares during the last quarter. Venturi Wealth Management LLC boosted its position in CrowdStrike by 2.2% during the first quarter. Venturi Wealth Management LLC now owns 1,814 shares of the company’s stock worth $582,000 after acquiring an additional 39 shares during the last quarter. Albion Financial Group UT boosted its position in CrowdStrike by 3.7% during the first quarter. Albion Financial Group UT now owns 1,096 shares of the company’s stock worth $351,000 after acquiring an additional 39 shares during the last quarter. Finally, Pier 88 Investment Partners LLC boosted its position in CrowdStrike by 0.9% during the fourth quarter. Pier 88 Investment Partners LLC now owns 4,690 shares of the company’s stock worth $1,197,000 after acquiring an additional 40 shares during the last quarter. 71.16% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other CrowdStrike news, Director Roxanne S. Austin sold 10,000 shares of the stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $390.01, for a total transaction of $3,900,100.00. Following the completion of the transaction, the director now owns 18,297 shares in the company, valued at approximately $7,136,012.97. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, 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 transaction of $1,485,280.00. Following the completion of the transaction, the insider now owns 183,091 shares in the company, valued at $67,985,350.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Roxanne S. Austin sold 10,000 shares of CrowdStrike stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $390.01, for a total value of $3,900,100.00. Following the transaction, the director now owns 18,297 shares of the company’s stock, valued at approximately $7,136,012.97. The disclosure for this sale can be found here. In the last 90 days, insiders sold 135,643 shares of company stock worth $51,043,404. Corporate insiders own 4.34% of the company’s stock.

CrowdStrike Trading Up 1.9 %

Shares of CrowdStrike stock traded up $4.53 on Tuesday, hitting $243.87. 644,806 shares of the company’s stock traded hands, compared to its average volume of 5,403,579. The firm’s 50-day moving average price is $331.13 and its two-hundred day moving average price is $322.41. The stock has a market capitalization of $59.35 billion, a PE ratio of 451.58, a price-to-earnings-growth ratio of 11.79 and a beta of 1.10. CrowdStrike Holdings, Inc. has a one year low of $140.52 and a one year 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 released 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). CrowdStrike had a net margin of 4.01% and a return on equity of 7.39%. The firm had revenue of $921.04 million during the quarter, compared to the consensus estimate of $904.82 million. On average, research analysts expect that CrowdStrike Holdings, Inc. will post 0.87 EPS for the current fiscal year.

Analyst Ratings Changes

CRWD has been the topic of a number of recent analyst reports. Scotiabank downgraded shares of CrowdStrike from a “sector outperform” rating to a “sector perform” rating and cut their price target for the stock from $393.00 to $300.00 in a research note on Monday, July 22nd. Rosenblatt Securities lowered their price target on shares of CrowdStrike from $420.00 to $350.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. BMO Capital Markets decreased their price objective on shares of CrowdStrike from $425.00 to $410.00 and set an “outperform” rating for the company in a report on Wednesday, June 5th. Jefferies Financial Group decreased their price objective on shares of CrowdStrike from $400.00 to $300.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. Finally, Robert W. Baird decreased their price target on shares of CrowdStrike from $350.00 to $335.00 and set an “outperform” rating for the company in a report on Tuesday, July 23rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, thirty-three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $348.61.

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.