Raymond James & Associates Has $111.75 Million Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Raymond James & Associates reduced its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 3.6% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 291,625 shares of the company’s stock after selling 10,959 shares during the quarter. Raymond James & Associates’ holdings in CrowdStrike were worth $111,748,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of CRWD. Hexagon Capital Partners LLC acquired a new stake in CrowdStrike in the 4th quarter worth about $26,000. Trivant Custom Portfolio Group LLC bought a new position in shares of CrowdStrike during the first quarter worth approximately $30,000. Johnson Financial Group Inc. acquired a new stake in shares of CrowdStrike in the fourth quarter valued at approximately $31,000. Northwest Bank & Trust Co bought a new stake in shares of CrowdStrike in the fourth quarter valued at approximately $32,000. Finally, Future Financial Wealth Managment LLC acquired a new stake in CrowdStrike during the first quarter worth approximately $32,000. Institutional investors own 71.16% of the company’s stock.

Insiders Place Their Bets

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $260.00, for a total value of $1,040,000.00. Following the completion of the sale, the insider now directly owns 179,091 shares in the company, valued at $46,563,660. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $260.00, for a total value of $1,040,000.00. Following the transaction, the insider now owns 179,091 shares in the company, valued at $46,563,660. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Sameer K. Gandhi sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $380.21, for a total value of $5,703,150.00. Following the sale, the director now owns 824,234 shares of the company’s stock, valued at approximately $313,382,009.14. The disclosure for this sale can be found here. In the last three months, insiders have sold 135,643 shares of company stock worth $50,749,324. Corporate insiders own 4.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. KeyCorp dropped their price objective on CrowdStrike from $440.00 to $420.00 and set an “overweight” rating for the company in a report on Wednesday, July 17th. Redburn Atlantic downgraded shares of CrowdStrike from a “neutral” rating to a “sell” rating and reduced their price objective for the stock from $380.00 to $275.00 in a research note on Thursday, July 18th. Wells Fargo & Company dropped their target price on shares of CrowdStrike from $435.00 to $350.00 and set an “overweight” rating for the company in a research report on Monday, July 22nd. JMP Securities reiterated a “market outperform” rating and set a $400.00 price target on shares of CrowdStrike in a research report on Tuesday, May 14th. Finally, Robert W. Baird lowered their price objective on shares of CrowdStrike from $350.00 to $335.00 and set an “outperform” rating for the company in a research 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 given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $338.08.

CrowdStrike Trading Up 0.8 %

Shares of CRWD traded up $2.05 during trading hours on Friday, hitting $262.54. 3,495,619 shares of the stock were exchanged, compared to its average volume of 5,425,888. CrowdStrike Holdings, Inc. has a fifty-two week low of $140.52 and a fifty-two week high of $398.33. The business has a 50-day moving average of $324.93 and a 200-day moving average of $321.10. The firm has a market capitalization of $63.89 billion, a P/E ratio of 495.36, 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 current ratio of 1.80 and a quick ratio of 1.80.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings results on Tuesday, June 4th. The company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). The business 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%. On average, research analysts expect that CrowdStrike Holdings, Inc. will post 0.87 EPS for the current year.

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.