Rhumbline Advisers Sells 4,277 Shares of CrowdStrike $CRWD

Rhumbline Advisers cut its stake in CrowdStrike (NASDAQ:CRWD) by 1.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 444,879 shares of the company’s stock after selling 4,277 shares during the period. Rhumbline Advisers’ holdings in CrowdStrike were worth $218,160,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Disciplined Equity Management Inc. lifted its holdings in CrowdStrike by 0.8% during the 3rd quarter. Disciplined Equity Management Inc. now owns 2,405 shares of the company’s stock worth $1,179,000 after buying an additional 20 shares in the last quarter. TD Private Client Wealth LLC raised its position in shares of CrowdStrike by 6.4% during the third quarter. TD Private Client Wealth LLC now owns 334 shares of the company’s stock worth $164,000 after acquiring an additional 20 shares during the last quarter. Fire Capital Management LLC lifted its stake in shares of CrowdStrike by 1.7% during the third quarter. Fire Capital Management LLC now owns 1,239 shares of the company’s stock valued at $608,000 after acquiring an additional 21 shares during the period. One Wealth Management Investment & Advisory Services LLC lifted its stake in shares of CrowdStrike by 1.8% during the third quarter. One Wealth Management Investment & Advisory Services LLC now owns 1,167 shares of the company’s stock valued at $572,000 after acquiring an additional 21 shares during the period. Finally, Nova Wealth Management Inc. boosted its holdings in CrowdStrike by 5.4% in the third quarter. Nova Wealth Management Inc. now owns 428 shares of the company’s stock valued at $210,000 after acquiring an additional 22 shares during the last quarter. 71.16% of the stock is currently owned by institutional investors and hedge funds.

CrowdStrike Stock Up 1.3%

NASDAQ:CRWD opened at $413.39 on Wednesday. CrowdStrike has a 1 year low of $298.00 and a 1 year high of $566.90. The stock has a 50-day moving average price of $466.39 and a two-hundred day moving average price of $474.41. The stock has a market cap of $104.22 billion, a price-to-earnings ratio of -328.09, a PEG ratio of 23.35 and a beta of 1.03. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.18.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings data on Wednesday, December 3rd. The company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.02. The business had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.22 billion. CrowdStrike had a negative return on equity of 2.12% and a negative net margin of 6.88%.CrowdStrike’s quarterly revenue was up 21.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.93 EPS. As a group, equities analysts expect that CrowdStrike will post 0.55 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Bank of America boosted their price objective on CrowdStrike from $470.00 to $535.00 and gave the stock a “neutral” rating in a report on Monday, October 20th. TD Cowen reissued a “buy” rating on shares of CrowdStrike in a research note on Thursday, January 8th. Loop Capital set a $550.00 price objective on shares of CrowdStrike in a report on Thursday, December 11th. Arete Research set a $706.00 price objective on shares of CrowdStrike in a research note on Tuesday, October 28th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating on shares of CrowdStrike in a report on Monday. Thirty-one analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $555.21.

Insider Activity at CrowdStrike

In other CrowdStrike news, CEO George Kurtz sold 28,853 shares of the company’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $413.01, for a total transaction of $11,916,577.53. Following the completion of the transaction, the chief executive officer owned 2,054,902 shares of the company’s stock, valued at $848,695,075.02. This represents a 1.38% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Johanna Flower sold 3,000 shares of the firm’s stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $461.94, for a total transaction of $1,385,820.00. Following the completion of the transaction, the director directly owned 76,082 shares of the company’s stock, valued at approximately $35,145,319.08. This trade represents a 3.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 100,247 shares of company stock valued at $45,722,274 over the last three months. Insiders own 3.32% of the company’s stock.

About CrowdStrike

CrowdStrike Holdings, Inc (NASDAQ: CRWD) is a cybersecurity company founded in 2011 and headquartered in Sunnyvale, California. The firm was co-founded by George Kurtz and Dmitri Alperovitch and became a publicly traded company following its initial public offering in 2019. CrowdStrike positions itself as a provider of cloud-native security solutions designed to protect endpoints, cloud workloads, identities and data against sophisticated cyber threats.

The company’s core offering is the CrowdStrike Falcon platform, a modular, cloud-delivered security architecture that combines endpoint protection (EPP), endpoint detection and response (EDR), threat intelligence, and device control through lightweight agents and centralized telemetry.