CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Sold by L & S Advisors Inc

L & S Advisors Inc reduced its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 57.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,991 shares of the company’s stock after selling 9,398 shares during the period. L & S Advisors Inc’s holdings in CrowdStrike were worth $1,961,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Beacon Financial Advisory LLC acquired a new position in shares of CrowdStrike during the third quarter worth approximately $955,000. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of CrowdStrike by 10.2% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 846,189 shares of the company’s stock worth $237,331,000 after buying an additional 78,305 shares during the period. Burney Co. acquired a new position in shares of CrowdStrike during the first quarter worth approximately $1,342,000. Doliver Advisors LP boosted its position in shares of CrowdStrike by 223.2% during the third quarter. Doliver Advisors LP now owns 6,754 shares of the company’s stock worth $1,894,000 after buying an additional 4,664 shares during the period. Finally, DekaBank Deutsche Girozentrale boosted its position in shares of CrowdStrike by 0.7% during the third quarter. DekaBank Deutsche Girozentrale now owns 439,865 shares of the company’s stock worth $124,644,000 after buying an additional 2,863 shares during the period. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the insider now owns 120,298 shares in the company, valued at $40,954,251.12. This trade represents a 3.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President Michael Sentonas sold 10,776 shares of the firm’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $297.28, for a total transaction of $3,203,489.28. Following the transaction, the president now owns 400,390 shares of the company’s stock, valued at approximately $119,027,939.20. This represents a 2.62 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 108,248 shares of company stock valued at $32,465,110 over the last three months. 4.34% of the stock is owned by corporate insiders.

CrowdStrike Trading Up 2.1 %

CrowdStrike stock opened at $357.55 on Friday. The company has a market capitalization of $87.65 billion, a price-to-earnings ratio of 518.19, a PEG ratio of 23.89 and a beta of 1.10. The company’s fifty day moving average price is $305.77 and its two-hundred day moving average price is $311.53. CrowdStrike Holdings, Inc. has a one year low of $200.81 and a one year high of $398.33. 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 (NASDAQ:CRWD) last issued its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) 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 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 revenue was up 31.7% compared to the same quarter last year. During the same period last year, the business posted $0.06 earnings per share. On average, analysts forecast that CrowdStrike Holdings, Inc. will post 0.52 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on CRWD shares. Scotiabank dropped their target price on CrowdStrike from $300.00 to $265.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 14th. Piper Sandler reissued an “overweight” rating and set a $290.00 target price on shares of CrowdStrike in a report on Thursday, September 19th. Deutsche Bank Aktiengesellschaft cut their price objective on CrowdStrike from $350.00 to $275.00 and set a “hold” rating for the company in a research report on Monday, August 26th. Barclays increased their price objective on CrowdStrike from $295.00 to $372.00 and gave the company an “overweight” rating in a research report on Monday. Finally, Morgan Stanley increased their price objective on CrowdStrike from $325.00 to $355.00 and gave the company an “overweight” rating in a research report on Monday. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirty-one have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $334.33.

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.