Pathstone Holdings LLC Has $75.31 Million Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Pathstone Holdings LLC lowered its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 55.8% in the third quarter, Holdings Channel reports. The institutional investor owned 268,522 shares of the company’s stock after selling 338,644 shares during the period. Pathstone Holdings LLC’s holdings in CrowdStrike were worth $75,312,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in CRWD. International Assets Investment Management LLC boosted its stake in CrowdStrike by 17,926.3% during the third 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 in the last quarter. Bank of New York Mellon Corp boosted its position in shares of CrowdStrike by 47.5% during the 2nd 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. boosted its position in shares of 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 acquiring an additional 371,695 shares in the last quarter. Principal Financial Group Inc. increased its stake in CrowdStrike by 429.2% in the second quarter. Principal Financial Group Inc. now owns 298,443 shares of the company’s stock valued at $114,360,000 after acquiring an additional 242,052 shares during the period. Finally, Swedbank AB acquired a new position in CrowdStrike in the first quarter worth about $73,972,000. Institutional investors own 71.16% of the company’s stock.

Analysts Set New Price Targets

CRWD has been the topic of a number of recent research reports. Guggenheim downgraded CrowdStrike from a “buy” rating to a “neutral” rating in a report on Monday, July 22nd. Morgan Stanley boosted their price target on CrowdStrike from $325.00 to $355.00 and gave the company an “overweight” rating in a research note on Monday. Sanford C. Bernstein lowered their price target on CrowdStrike from $334.00 to $327.00 and set an “outperform” rating on the stock in a research report on Thursday, September 5th. BMO Capital Markets lifted their price objective on CrowdStrike from $290.00 to $315.00 and gave the company an “outperform” rating in a report on Thursday, August 29th. Finally, Truist Financial upped their target price on shares of CrowdStrike from $325.00 to $375.00 and gave the stock a “buy” rating in a report on Monday. One analyst has rated the stock with a sell rating, seven have issued a hold rating, thirty-one have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $331.90.

CrowdStrike Trading Up 1.8 %

NASDAQ:CRWD opened at $342.97 on Tuesday. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.26. CrowdStrike Holdings, Inc. has a 1-year low of $200.81 and a 1-year high of $398.33. The firm has a market capitalization of $84.07 billion, a price-to-earnings ratio of 497.06, a PEG ratio of 22.77 and a beta of 1.10. The business’s 50-day moving average price is $299.72 and its two-hundred day moving average price is $310.63.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. The business had revenue of $963.87 million for the quarter, compared to the consensus estimate of $958.27 million. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. CrowdStrike’s revenue for the quarter was up 31.7% on a year-over-year basis. During the same period last year, the company posted $0.06 EPS. On average, equities analysts expect that CrowdStrike Holdings, Inc. will post 0.52 earnings per share for the current year.

Insider Transactions at CrowdStrike

In other CrowdStrike news, CEO George Kurtz sold 55,325 shares of CrowdStrike stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $296.62, for a total value of $16,410,501.50. Following the transaction, the chief executive officer now owns 1,109,746 shares of the company’s stock, valued at approximately $329,172,858.52. The trade was a 4.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Shawn Henry sold 4,500 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $260.73, for a total transaction of $1,173,285.00. Following the completion of the transaction, the insider now owns 174,591 shares of the company’s stock, valued at $45,521,111.43. This trade represents a 2.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 108,248 shares of company stock valued at $32,465,110 over the last three months. 4.34% of the stock is currently owned by corporate 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.