Gulf International Bank UK Ltd Decreases Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Gulf International Bank UK Ltd lowered its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 4.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,983 shares of the company’s stock after selling 784 shares during the period. Gulf International Bank UK Ltd’s holdings in CrowdStrike were worth $5,043,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Abich Financial Wealth Management LLC purchased a new position in shares of CrowdStrike during the 2nd quarter worth about $25,000. Oakworth Capital Inc. purchased a new stake in shares of CrowdStrike in the third quarter worth approximately $28,000. Tsfg LLC increased its stake in CrowdStrike by 593.3% in the third quarter. Tsfg LLC now owns 104 shares of the company’s stock worth $29,000 after purchasing an additional 89 shares during the period. Family Firm Inc. bought a new stake in shares of CrowdStrike during the second quarter worth $30,000. Finally, Castleview Partners LLC purchased a new stake in shares of CrowdStrike during the third quarter valued at $32,000. 71.16% of the stock is owned by institutional investors.

CrowdStrike Price Performance

CrowdStrike stock opened at $307.58 on Wednesday. The stock has a market capitalization of $75.40 billion, a P/E ratio of 445.77, a P/E/G ratio of 20.50 and a beta of 1.10. The company’s fifty day moving average price is $286.26 and its 200 day moving average price is $308.14. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.90 and a current ratio of 1.90. CrowdStrike Holdings, Inc. has a 1 year low of $183.60 and a 1 year high of $398.33.

CrowdStrike (NASDAQ:CRWD) last released its earnings results on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. The business had revenue of $963.87 million during the quarter, compared to analysts’ expectations of $958.27 million. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The company’s quarterly revenue was up 31.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.06 earnings per share. As a group, equities research analysts anticipate that CrowdStrike Holdings, Inc. will post 0.52 earnings per share for the current fiscal year.

Insider Buying and Selling at CrowdStrike

In other news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $260.00, for a total value of $1,040,000.00. Following the sale, the insider now directly owns 179,091 shares of the company’s stock, valued at $46,563,660. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $320.38, for a total value of $2,002,375.00. Following the completion of the sale, the director now directly owns 821,766 shares in the company, valued at $263,277,391.08. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $260.00, for a total transaction of $1,040,000.00. Following the completion of the transaction, the insider now directly owns 179,091 shares in the company, valued at approximately $46,563,660. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 103,212 shares of company stock valued at $30,529,413 over the last quarter. 4.34% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. BMO Capital Markets increased their price objective on CrowdStrike from $290.00 to $315.00 and gave the stock an “outperform” rating in a research note on Thursday, August 29th. Needham & Company LLC started coverage on shares of CrowdStrike in a research report on Monday, September 23rd. They set a “buy” rating and a $360.00 target price on the stock. TD Cowen reduced their price objective 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. HSBC raised CrowdStrike from a “hold” rating to a “buy” rating and increased their target price for the company from $302.00 to $339.00 in a research report on Friday, August 30th. Finally, Wedbush set a $330.00 target price on CrowdStrike in a research note on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, thirty-one have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, CrowdStrike presently has a consensus rating of “Moderate Buy” and an average target price of $328.74.

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.