Wedmont Private Capital Has $971,000 Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Wedmont Private Capital reduced its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 33.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,616 shares of the company’s stock after selling 1,335 shares during the period. Wedmont Private Capital’s holdings in CrowdStrike were worth $971,000 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 stock. Norges Bank bought a new position in CrowdStrike in the 4th quarter valued at approximately $683,336,000. Pathstone Holdings LLC bought a new position in CrowdStrike in the 4th quarter valued at approximately $450,418,000. Jennison Associates LLC raised its holdings in CrowdStrike by 33.2% during the 4th quarter. Jennison Associates LLC now owns 6,340,819 shares of the company’s stock worth $1,618,938,000 after purchasing an additional 1,581,796 shares during the last quarter. Vanguard Group Inc. raised its holdings in CrowdStrike by 7.0% during the 4th quarter. Vanguard Group Inc. now owns 15,746,120 shares of the company’s stock worth $4,020,299,000 after purchasing an additional 1,028,405 shares during the last quarter. Finally, Acadian Asset Management LLC raised its holdings in CrowdStrike by 619.0% during the 1st quarter. Acadian Asset Management LLC now owns 554,876 shares of the company’s stock worth $177,865,000 after purchasing an additional 477,706 shares during the last quarter. 71.16% of the stock is currently owned by institutional investors and hedge funds.

CrowdStrike Stock Performance

Shares of CRWD traded up $8.51 during trading hours on Tuesday, reaching $247.85. 3,930,158 shares of the company traded hands, compared to its average volume of 5,425,765. The stock’s fifty day moving average is $331.13 and its 200 day moving average is $322.41. The stock has a market cap of $60.32 billion, a P/E ratio of 461.32, a price-to-earnings-growth ratio of 11.79 and a beta of 1.10. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.80 and a current ratio of 1.80. CrowdStrike Holdings, Inc. has a 1-year low of $140.52 and a 1-year high of $398.33.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings data on Tuesday, June 4th. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.01). The firm 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 research analysts anticipate that CrowdStrike Holdings, Inc. will post 0.87 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CRWD has been the subject of several recent analyst reports. KeyCorp reduced their price objective on shares of CrowdStrike from $440.00 to $420.00 and set an “overweight” rating for the company in a research report on Wednesday, July 17th. Guggenheim lowered CrowdStrike from a “buy” rating to a “neutral” rating in a research note on Monday, July 22nd. HSBC lowered CrowdStrike from a “buy” rating to a “hold” rating and lowered their price objective for the company from $388.00 to $302.00 in a research report on Tuesday, July 23rd. FBN Securities upgraded CrowdStrike to a “strong-buy” rating in a research note on Wednesday, June 5th. Finally, Hsbc Global Res downgraded CrowdStrike from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 23rd. One 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 assigned a strong buy rating to the company. According to MarketBeat, CrowdStrike has a consensus rating of “Moderate Buy” and an average price target of $348.61.

Insider Activity

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $333.52, for a total value of $1,334,080.00. Following the transaction, the insider now directly owns 204,961 shares of the company’s stock, valued at $68,358,592.72. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $333.52, for a total transaction of $1,334,080.00. Following the sale, the insider now directly owns 204,961 shares in the company, valued at $68,358,592.72. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Burt W. Podbere sold 5,424 shares of CrowdStrike stock in a transaction on Monday, May 20th. The shares were sold at an average price of $349.01, for a total transaction of $1,893,030.24. Following the completion of the sale, the chief financial officer now owns 308,593 shares in the company, valued at $107,702,042.93. The disclosure for this sale can be found here. Insiders have sold 135,643 shares of company stock valued at $51,043,404 over the last three months. 4.34% of the stock is owned by insiders.

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.