CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Stock Position Decreased by Smithfield Trust Co

Smithfield Trust Co trimmed its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 76.6% during the third quarter, HoldingsChannel.com reports. The fund owned 143 shares of the company’s stock after selling 468 shares during the period. Smithfield Trust Co’s holdings in CrowdStrike were worth $40,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of CRWD. Jennison Associates LLC increased 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 purchasing an additional 1,013,161 shares in the last quarter. International Assets Investment Management LLC boosted its holdings 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 worth $259,668,000 after buying an additional 920,695 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of 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 period. Assenagon Asset Management S.A. raised its holdings in shares of CrowdStrike by 248.6% during the third 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 during the period. Finally, Principal Financial Group Inc. raised its holdings in shares of CrowdStrike by 429.2% during the second quarter. Principal Financial Group Inc. now owns 298,443 shares of the company’s stock valued at $114,360,000 after acquiring an additional 242,052 shares during the period. 71.16% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other CrowdStrike news, Director Sameer K. Gandhi sold 5,036 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $320.48, for a total value of $1,613,937.28. Following the completion of the sale, the director now owns 816,730 shares in the company, valued at approximately $261,745,630.40. This trade represents a 0.61 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Shawn Henry sold 4,500 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $260.73, for a total value of $1,173,285.00. Following the sale, the insider now owns 174,591 shares in the company, valued at approximately $45,521,111.43. This represents a 2.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 108,248 shares of company stock valued at $32,465,110. 4.34% of the stock is owned by company insiders.

CrowdStrike Trading Up 4.1 %

Shares of NASDAQ:CRWD opened at $372.26 on Friday. CrowdStrike Holdings, Inc. has a 52-week low of $200.81 and a 52-week high of $398.33. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.90 and a current ratio of 1.90. The company has a market cap of $91.25 billion, a P/E ratio of 539.51, a P/E/G ratio of 23.89 and a beta of 1.10. The stock’s 50-day moving average is $308.04 and its 200-day moving average is $311.91.

CrowdStrike (NASDAQ:CRWD) last released its 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 firm had revenue of $963.87 million for the quarter, compared to analyst estimates of $958.27 million. During the same quarter last year, the firm posted $0.06 EPS. The company’s revenue was up 31.7% on a year-over-year basis. Equities research analysts predict that CrowdStrike Holdings, Inc. will post 0.52 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have weighed in on CRWD. Susquehanna reiterated a “positive” rating and set a $310.00 price objective on shares of CrowdStrike in a research report on Thursday, September 19th. Citigroup lowered their price target on CrowdStrike from $345.00 to $300.00 and set a “buy” rating on the stock in a report on Wednesday, August 14th. Stifel Nicolaus increased their price objective on CrowdStrike from $300.00 to $375.00 and gave the stock a “buy” rating in a research note on Wednesday. Truist Financial lifted their target price on CrowdStrike from $325.00 to $375.00 and gave the company a “buy” rating in a research note on Monday, November 18th. Finally, Sanford C. Bernstein dropped their target price on CrowdStrike from $334.00 to $327.00 and set an “outperform” rating on the stock in a report on Thursday, September 5th. One 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 has an average rating of “Moderate Buy” and an average price target of $335.62.

About CrowdStrike

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.