CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Sold by Fiduciary Trust Co

Fiduciary Trust Co decreased its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 19.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,794 shares of the company’s stock after selling 1,900 shares during the quarter. Fiduciary Trust Co’s holdings in CrowdStrike were worth $2,186,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Jennison Associates LLC increased its holdings in shares of 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 increased its stake in shares of CrowdStrike by 17,926.3% in the third quarter. International Assets Investment Management LLC now owns 925,831 shares of the company’s stock valued at $259,668,000 after purchasing an additional 920,695 shares during the period. Daiwa Securities Group Inc. raised its holdings in shares of CrowdStrike by 1,655.9% during the third 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 last quarter. Bank of New York Mellon Corp boosted its position in shares of CrowdStrike by 47.5% during 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 period. Finally, Assenagon Asset Management S.A. raised its stake 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 acquiring an additional 371,695 shares in the last quarter. Institutional investors own 71.16% of the company’s stock.

CrowdStrike Trading Down 0.5 %

Shares of NASDAQ CRWD opened at $345.97 on Friday. The stock has a market cap of $84.81 billion, a price-to-earnings ratio of 678.39, a PEG ratio of 25.16 and a beta of 1.10. The business has a 50 day simple moving average of $315.80 and a 200 day simple moving average of $313.20. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.90 and a current ratio of 1.86. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week high of $398.33.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CRWD. Needham & Company LLC raised their price target on CrowdStrike from $360.00 to $420.00 and gave the company a “buy” rating in a report on Wednesday. BNP Paribas assumed coverage on shares of CrowdStrike in a research report on Tuesday, October 8th. They set a “neutral” rating and a $285.00 price target on the stock. TD Cowen reduced their price target on shares of CrowdStrike from $400.00 to $380.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. Cantor Fitzgerald raised their price objective on shares of CrowdStrike from $350.00 to $370.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. Finally, Rosenblatt Securities upped their target price on CrowdStrike from $325.00 to $385.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. One analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, CrowdStrike presently has an average rating of “Moderate Buy” and a consensus price target of $355.80.

Insider Activity at CrowdStrike

In related news, CAO Anurag Saha sold 1,683 shares of the firm’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $297.28, for a total value of $500,322.24. Following the transaction, the chief accounting officer now directly owns 38,962 shares in the company, valued at approximately $11,582,623.36. This trade represents a 4.14 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO George Kurtz sold 55,325 shares of the business’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $296.62, for a total transaction of $16,410,501.50. Following the transaction, the chief executive officer now directly owns 1,109,746 shares of the company’s stock, valued at approximately $329,172,858.52. This represents a 4.75 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 108,248 shares of company stock valued at $32,465,110. Corporate insiders own 4.34% of the company’s stock.

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.