Perpetual Ltd Decreases Stock Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Perpetual Ltd decreased its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 19.2% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,201 shares of the company’s stock after selling 524 shares during the quarter. Perpetual Ltd’s holdings in CrowdStrike were worth $617,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of CRWD. Vanguard Group Inc. raised its position in CrowdStrike by 7.0% in the 4th quarter. Vanguard Group Inc. now owns 15,746,120 shares of the company’s stock worth $4,020,299,000 after buying an additional 1,028,405 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in CrowdStrike by 47.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,753,252 shares of the company’s stock worth $671,828,000 after acquiring an additional 564,662 shares in the last quarter. Acadian Asset Management LLC increased its holdings in CrowdStrike by 619.0% in the 1st quarter. Acadian Asset Management LLC now owns 554,876 shares of the company’s stock worth $177,865,000 after acquiring an additional 477,706 shares in the last quarter. Principal Financial Group Inc. increased its holdings in CrowdStrike by 429.2% in the 2nd quarter. Principal Financial Group Inc. now owns 298,443 shares of the company’s stock worth $114,360,000 after acquiring an additional 242,052 shares in the last quarter. Finally, Swedbank AB purchased a new stake in CrowdStrike in the 1st quarter worth approximately $73,972,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

CrowdStrike Price Performance

Shares of CRWD stock opened at $320.21 on Friday. CrowdStrike Holdings, Inc. has a 12-month low of $170.17 and a 12-month high of $398.33. The firm has a market capitalization of $78.49 billion, a price-to-earnings ratio of 464.07, a price-to-earnings-growth ratio of 19.94 and a beta of 1.10. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.26. The firm has a fifty day moving average of $268.78 and a 200-day moving average of $308.87.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The company had revenue of $963.87 million during the quarter, compared to the consensus estimate of $958.27 million. During the same period in the prior year, the business posted $0.06 EPS. The company’s quarterly revenue was up 31.7% on a year-over-year basis. On average, equities research analysts forecast that CrowdStrike Holdings, Inc. will post 0.53 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have weighed in on CRWD. Susquehanna restated a “positive” rating and issued a $310.00 price target on shares of CrowdStrike in a research note on Thursday, September 19th. Argus lowered their price target on CrowdStrike from $400.00 to $325.00 and set a “buy” rating for the company in a research report on Friday, August 30th. Guggenheim lowered CrowdStrike from a “buy” rating to a “neutral” rating in a research note on Monday, July 22nd. Jefferies Financial Group increased their target price on CrowdStrike from $315.00 to $345.00 and gave the stock a “buy” rating in a research note on Tuesday, September 24th. Finally, Wells Fargo & Company cut their price target on CrowdStrike from $435.00 to $350.00 and set an “overweight” rating on the stock in a research note on Monday, July 22nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-three have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $325.44.

Insider Transactions at CrowdStrike

In related news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction that occurred 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 transaction, the insider now directly owns 179,091 shares of the company’s stock, valued at $46,563,660. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, insider Shawn Henry sold 4,000 shares of the business’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 transaction, the insider now owns 179,091 shares in the company, valued at $46,563,660. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO George Kurtz sold 55,325 shares of CrowdStrike stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $296.62, for a total transaction of $16,410,501.50. Following the completion of the sale, the chief executive officer now directly owns 1,109,746 shares of the company’s stock, valued at approximately $329,172,858.52. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 96,962 shares of company stock valued at $28,774,798. 4.34% of the stock is currently owned by company insiders.

CrowdStrike 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.