Empowered Funds LLC Sells 7,014 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Empowered Funds LLC lowered its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 25.0% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 20,988 shares of the company’s stock after selling 7,014 shares during the period. Empowered Funds LLC’s holdings in CrowdStrike were worth $5,887,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of CRWD. Quent Capital LLC lifted its stake in shares of CrowdStrike by 59.9% during the 1st quarter. Quent Capital LLC now owns 235 shares of the company’s stock worth $75,000 after buying an additional 88 shares during the last quarter. First Foundation Advisors boosted its holdings in shares of CrowdStrike by 22.7% during the first quarter. First Foundation Advisors now owns 265 shares of the company’s stock worth $85,000 after acquiring an additional 49 shares during the period. Ontario Teachers Pension Plan Board acquired a new stake in CrowdStrike during the 1st quarter worth approximately $273,000. Allstate Corp bought a new stake in CrowdStrike in the 1st quarter valued at $225,000. Finally, Edgestream Partners L.P. acquired a new position in CrowdStrike in the 1st quarter valued at $839,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. BTIG Research downgraded CrowdStrike from a “buy” rating to a “neutral” rating in a report on Monday, July 22nd. Truist Financial restated a “buy” rating and set a $325.00 price objective on shares of CrowdStrike in a research note on Wednesday, August 28th. TD Cowen cut their target price on CrowdStrike from $400.00 to $380.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. Westpark Capital restated a “hold” rating on shares of CrowdStrike in a research report on Thursday, September 19th. Finally, Susquehanna reaffirmed a “positive” rating and set a $310.00 price objective on shares of CrowdStrike in a research report on Thursday, September 19th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-one have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $328.74.

CrowdStrike Stock Down 2.2 %

Shares of NASDAQ:CRWD opened at $336.75 on Friday. CrowdStrike Holdings, Inc. has a 1 year low of $198.86 and a 1 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. The business’s 50-day moving average is $297.79 and its 200-day moving average is $310.25. The company has a market capitalization of $82.55 billion, a price-to-earnings ratio of 488.04, a P/E/G ratio of 23.52 and a beta of 1.10.

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 firm had revenue of $963.87 million for the quarter, compared to analyst estimates of $958.27 million. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The company’s revenue was up 31.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.06 earnings per share. Equities research analysts predict that CrowdStrike Holdings, Inc. will post 0.52 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Shawn Henry sold 4,500 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $260.73, for a total value of $1,173,285.00. Following the completion of the sale, the insider now directly owns 174,591 shares in the company, valued at $45,521,111.43. This trade represents a 2.51 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Sameer K. Gandhi sold 5,036 shares of the company’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 transaction, the director now directly owns 816,730 shares in the company, valued at approximately $261,745,630.40. This trade represents a 0.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 108,248 shares of company stock worth $32,465,110. 4.34% of the stock is currently owned by company insiders.

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.