Rockefeller Capital Management L.P. Trims Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Rockefeller Capital Management L.P. reduced its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 1.5% in the 3rd quarter, HoldingsChannel reports. The firm owned 338,552 shares of the company’s stock after selling 5,087 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in CrowdStrike were worth $94,954,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Jennison Associates LLC grew its stake in CrowdStrike by 25.0% in the 3rd quarter. Jennison Associates LLC now owns 5,068,800 shares of the company’s stock worth $1,421,646,000 after acquiring an additional 1,013,161 shares during the period. International Assets Investment Management LLC lifted its position 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 during the period. Daiwa Securities Group Inc. grew its holdings in CrowdStrike by 1,655.9% in the 3rd quarter. Daiwa Securities Group Inc. now owns 755,951 shares of the company’s stock valued at $212,021,000 after buying an additional 712,900 shares during the period. Bank of New York Mellon Corp increased its stake 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 during the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings 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 worth $146,180,000 after acquiring an additional 371,695 shares during the period. Institutional investors and hedge funds own 71.16% of the company’s stock.

Insider Activity

In other CrowdStrike news, CAO Anurag Saha sold 1,683 shares of the firm’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $297.28, for a total value of $500,322.24. Following the completion of the transaction, the chief accounting officer now directly owns 38,962 shares in the company, valued at $11,582,623.36. This trade represents a 4.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $340.44, for a total transaction of $1,361,760.00. Following the sale, the insider now owns 120,298 shares in the company, valued at $40,954,251.12. This represents a 3.22 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 108,248 shares of company stock worth $32,465,110. Insiders own 4.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Stifel Nicolaus increased their price target on shares of CrowdStrike from $300.00 to $375.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Rosenblatt Securities lifted their target price on CrowdStrike from $325.00 to $385.00 and gave the company a “buy” rating in a report on Monday. The Goldman Sachs Group dropped their price target on CrowdStrike from $400.00 to $295.00 and set a “buy” rating for the company in a research note on Thursday, August 15th. Citigroup boosted their target price on CrowdStrike from $300.00 to $400.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Sanford C. Bernstein cut their price target on shares of CrowdStrike from $334.00 to $327.00 and set an “outperform” rating on the stock in a report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $355.80.

CrowdStrike Price Performance

Shares of NASDAQ CRWD opened at $347.59 on Friday. The firm has a 50-day moving average of $314.88 and a two-hundred day moving average of $313.01. The company has a market capitalization of $85.20 billion, a price-to-earnings ratio of 681.56, a PEG ratio of 25.16 and a beta of 1.10. The company has a current ratio of 1.86, a quick ratio of 1.90 and a debt-to-equity ratio of 0.24. CrowdStrike Holdings, Inc. has a twelve month low of $200.81 and a twelve month high of $398.33.

CrowdStrike (NASDAQ:CRWD) last issued its earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. The firm had revenue of $963.87 million during the quarter, compared to analysts’ expectations of $958.27 million. CrowdStrike had a net margin of 3.39% and a return on equity of 7.11%. The firm’s revenue for the quarter was up 31.7% compared to the same quarter last year. During the same period last year, the firm posted $0.06 earnings per share. As a group, analysts expect that CrowdStrike Holdings, Inc. will post 0.49 earnings per share for the current fiscal year.

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.