Ithaka Group LLC Sells 184 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Ithaka Group LLC lessened its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 0.9% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,375 shares of the company’s stock after selling 184 shares during the quarter. CrowdStrike makes up about 1.0% of Ithaka Group LLC’s holdings, making the stock its 28th largest position. Ithaka Group LLC’s holdings in CrowdStrike were worth $5,434,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Jennison Associates LLC increased its position in shares of CrowdStrike by 25.0% during the third quarter. Jennison Associates LLC now owns 5,068,800 shares of the company’s stock valued at $1,421,646,000 after acquiring an additional 1,013,161 shares during the last quarter. Legal & General Group Plc increased its position in CrowdStrike by 3.0% in the second quarter. Legal & General Group Plc now owns 2,049,704 shares of the company’s stock worth $785,425,000 after buying an additional 60,607 shares during the last quarter. Ameriprise Financial Inc. increased its position in CrowdStrike by 4.4% in the second quarter. Ameriprise Financial Inc. now owns 1,817,387 shares of the company’s stock worth $696,471,000 after buying an additional 77,100 shares during the last quarter. Bank of New York Mellon Corp increased its position 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 worth $671,828,000 after buying an additional 564,662 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in CrowdStrike by 1.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,354,494 shares of the company’s stock worth $379,895,000 after buying an additional 20,899 shares during the last quarter. 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 company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $340.44, for a total transaction of $1,361,760.00. Following the transaction, the insider now owns 120,298 shares in the company, valued at approximately $40,954,251.12. This represents a 3.22 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO George Kurtz sold 55,325 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The stock was 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 in the company, valued at $329,172,858.52. This trade represents a 4.75 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 108,248 shares of company stock worth $32,465,110. Company insiders own 4.34% of the company’s stock.

CrowdStrike Stock Up 2.1 %

Shares of NASDAQ:CRWD opened at $357.55 on Friday. CrowdStrike Holdings, Inc. has a 1 year low of $200.81 and a 1 year high of $398.33. The company has a market cap of $87.65 billion, a PE ratio of 518.19, a P/E/G ratio of 23.89 and a beta of 1.10. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.90 and a quick ratio of 1.90. The stock’s 50-day moving average is $305.77 and its 200 day moving average is $311.53.

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

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. JPMorgan Chase & Co. decreased their target price on CrowdStrike from $400.00 to $330.00 and set an “overweight” rating for the company in a research report on Monday, July 29th. Oppenheimer decreased their target price on CrowdStrike from $450.00 to $365.00 and set an “outperform” rating for the company in a research report on Thursday, August 29th. BMO Capital Markets raised their target price on CrowdStrike from $290.00 to $315.00 and gave the stock an “outperform” rating in a research report on Thursday, August 29th. Sanford C. Bernstein reduced their price target on CrowdStrike from $334.00 to $327.00 and set an “outperform” rating for the company in a research report on Thursday, September 5th. Finally, The Goldman Sachs Group reduced their price target on CrowdStrike from $400.00 to $295.00 and set a “buy” rating for the company in a research report on Thursday, August 15th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, thirty have issued a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $334.33.

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.