Kentucky Retirement Systems Insurance Trust Fund Sells 604 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Kentucky Retirement Systems Insurance Trust Fund reduced its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 8.1% in the third quarter, HoldingsChannel.com reports. The firm owned 6,836 shares of the company’s stock after selling 604 shares during the period. Kentucky Retirement Systems Insurance Trust Fund’s holdings in CrowdStrike were worth $1,917,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. International Assets Investment Management LLC grew its position in shares of CrowdStrike by 17,926.3% in the 3rd quarter. International Assets Investment Management LLC now owns 925,831 shares of the company’s stock worth $259,668,000 after buying an additional 920,695 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in CrowdStrike by 47.5% in the second quarter. Bank of New York Mellon Corp now owns 1,753,252 shares of the company’s stock valued at $671,828,000 after acquiring an additional 564,662 shares in the last quarter. Assenagon Asset Management S.A. increased its position in CrowdStrike by 248.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 521,198 shares of the company’s stock valued at $146,180,000 after purchasing an additional 371,695 shares during the period. Principal Financial Group Inc. raised 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 purchasing an additional 242,052 shares in the last quarter. Finally, Swedbank AB purchased a new stake in shares of CrowdStrike in the 1st quarter worth about $73,972,000. 71.16% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on CRWD shares. DA Davidson reiterated a “buy” rating and set a $310.00 price target on shares of CrowdStrike in a research report on Wednesday, September 18th. Rosenblatt Securities reissued a “buy” rating and issued a $325.00 target price on shares of CrowdStrike in a research report on Thursday, September 19th. Barclays lifted their price target on CrowdStrike from $285.00 to $295.00 and gave the company an “overweight” rating in a research report on Thursday, August 29th. Wedbush set a $330.00 price objective on CrowdStrike in a report on Thursday, October 17th. Finally, Stifel Nicolaus dropped their target price on shares of CrowdStrike from $400.00 to $300.00 and set a “buy” rating on the stock in a report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-one have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $328.74.

Insider Buying and Selling

In other news, insider Shawn Henry sold 4,500 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $260.73, for a total value of $1,173,285.00. Following the transaction, the insider now directly owns 174,591 shares in the company, valued at $45,521,111.43. The trade was a 2.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Anurag Saha sold 1,683 shares of the stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $297.28, for a total value of $500,322.24. Following the sale, the chief accounting officer now owns 38,962 shares of the company’s stock, valued at $11,582,623.36. This represents a 4.14 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 108,248 shares of company stock valued at $32,465,110. Company insiders own 4.34% of the company’s stock.

CrowdStrike Stock Performance

NASDAQ:CRWD opened at $336.75 on Friday. The stock has a 50-day simple moving average of $297.79 and a two-hundred day simple moving average of $310.25. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.90 and a current ratio of 1.90. CrowdStrike Holdings, Inc. has a 52-week low of $198.86 and a 52-week high of $398.33. The firm has a market capitalization of $82.55 billion, a PE ratio of 488.04, a P/E/G ratio of 23.52 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD) last released its earnings results on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. The company had revenue of $963.87 million for the quarter, compared to analysts’ expectations of $958.27 million. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The firm’s revenue was up 31.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.06 EPS. Analysts forecast that CrowdStrike Holdings, Inc. will post 0.52 EPS for the current year.

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.