Ashton Thomas Private Wealth LLC Sells 465 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Ashton Thomas Private Wealth LLC cut its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 4.1% during the second quarter, HoldingsChannel reports. The firm owned 10,857 shares of the company’s stock after selling 465 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in CrowdStrike were worth $4,160,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Norges Bank bought a new stake in CrowdStrike in the 4th quarter valued at $683,336,000. Pathstone Holdings LLC bought a new stake in shares of CrowdStrike in the fourth quarter valued at about $450,418,000. Vanguard Group Inc. grew its position in CrowdStrike by 7.0% during the fourth quarter. Vanguard Group Inc. now owns 15,746,120 shares of the company’s stock worth $4,020,299,000 after buying an additional 1,028,405 shares in the last quarter. Bank of New York Mellon Corp increased its stake in 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 valued at $671,828,000 after acquiring an additional 564,662 shares during the period. Finally, Acadian Asset Management LLC raised its holdings in CrowdStrike by 619.0% in the 1st quarter. Acadian Asset Management LLC now owns 554,876 shares of the company’s stock valued at $177,865,000 after acquiring an additional 477,706 shares in the last quarter. Institutional investors and hedge funds own 71.16% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on CRWD shares. Guggenheim cut CrowdStrike from a “buy” rating to a “neutral” rating in a research report on Monday, July 22nd. TD Cowen lowered their price target on shares of CrowdStrike from $400.00 to $380.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. Westpark Capital reaffirmed a “hold” rating on shares of CrowdStrike in a report on Thursday, August 29th. Jefferies Financial Group lowered their target price on shares of CrowdStrike from $400.00 to $300.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. Finally, FBN Securities upgraded shares of CrowdStrike to a “strong-buy” rating in a research note on Wednesday, June 5th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-three have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $327.16.

Insider Transactions at CrowdStrike

In related news, Director Roxanne S. Austin sold 10,000 shares of CrowdStrike stock in a transaction that occurred on Thursday, June 27th. The shares were sold at an average price of $390.01, for a total transaction of $3,900,100.00. Following the transaction, the director now owns 18,297 shares of the company’s stock, valued at approximately $7,136,012.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other CrowdStrike news, CAO Anurag Saha sold 1,662 shares of the stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $380.63, for a total value of $632,607.06. Following the completion of the sale, the chief accounting officer now directly owns 40,645 shares in the company, valued at $15,470,706.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Roxanne S. Austin sold 10,000 shares of CrowdStrike stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $390.01, for a total value of $3,900,100.00. Following the transaction, the director now owns 18,297 shares in the company, valued at approximately $7,136,012.97. The disclosure for this sale can be found here. In the last ninety days, insiders sold 130,219 shares of company stock worth $48,856,294. 4.34% of the stock is currently owned by company insiders.

CrowdStrike Trading Down 3.9 %

Shares of NASDAQ CRWD opened at $246.39 on Monday. The company’s 50 day simple moving average is $289.69 and its 200 day simple moving average is $315.94. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.90 and a quick ratio of 1.90. CrowdStrike Holdings, Inc. has a fifty-two week low of $157.59 and a fifty-two week high of $398.33. The firm has a market capitalization of $59.96 billion, a P/E ratio of 464.89, a P/E/G ratio of 15.68 and a beta of 1.09.

CrowdStrike (NASDAQ:CRWD) last posted 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 company had revenue of $963.87 million for the quarter, compared to the consensus estimate of $958.27 million. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The firm’s quarterly revenue was up 31.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.06 EPS. On average, analysts predict that CrowdStrike Holdings, Inc. will post 0.56 EPS for the current year.

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.