Plato Investment Management Ltd Sells 2,509 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Plato Investment Management Ltd decreased its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 55.3% during the third quarter, Holdings Channel reports. The institutional investor owned 2,030 shares of the company’s stock after selling 2,509 shares during the period. Plato Investment Management Ltd’s holdings in CrowdStrike were worth $569,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Quent Capital LLC grew its position in shares of CrowdStrike by 59.9% during the first quarter. Quent Capital LLC now owns 235 shares of the company’s stock worth $75,000 after purchasing an additional 88 shares in the last quarter. Kingsview Wealth Management LLC raised its position in shares of CrowdStrike by 2.6% during the first quarter. Kingsview Wealth Management LLC now owns 6,731 shares of the company’s stock valued at $2,158,000 after buying an additional 169 shares during the last quarter. Nwam LLC lifted its holdings in shares of CrowdStrike by 5.5% in the first quarter. Nwam LLC now owns 2,470 shares of the company’s stock worth $772,000 after buying an additional 128 shares in the last quarter. Banco Santander S.A. boosted its position in shares of CrowdStrike by 61.5% during the first quarter. Banco Santander S.A. now owns 37,107 shares of the company’s stock worth $11,896,000 after acquiring an additional 14,137 shares during the last quarter. Finally, First Foundation Advisors grew its stake in CrowdStrike by 22.7% during the first quarter. First Foundation Advisors now owns 265 shares of the company’s stock valued at $85,000 after acquiring an additional 49 shares in the last quarter. Institutional investors own 71.16% of the company’s stock.

Insider Activity

In other CrowdStrike news, CEO George Kurtz sold 55,325 shares of CrowdStrike stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $296.62, for a total value of $16,410,501.50. Following the transaction, the chief executive officer now owns 1,109,746 shares in the company, valued at $329,172,858.52. The trade was a 4.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Shawn Henry sold 4,500 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $260.73, for a total transaction of $1,173,285.00. Following the sale, the insider now directly owns 174,591 shares of the company’s stock, valued at approximately $45,521,111.43. The trade was a 2.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 104,248 shares of company stock worth $31,103,350. 4.34% of the stock is currently owned by corporate insiders.

CrowdStrike Trading Down 1.0 %

CRWD opened at $344.36 on Friday. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.26. The stock’s fifty day moving average is $294.23 and its two-hundred day moving average is $309.66. The company has a market capitalization of $84.41 billion, a P/E ratio of 499.07, a PEG ratio of 23.22 and a beta of 1.10. CrowdStrike Holdings, Inc. has a 52 week low of $198.86 and a 52 week high of $398.33.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, beating the consensus estimate 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 earnings per share. The business’s revenue for the quarter was up 31.7% on a year-over-year basis. Analysts forecast that CrowdStrike Holdings, Inc. will post 0.52 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have commented on CRWD. Wells Fargo & Company dropped their price objective on shares of CrowdStrike from $435.00 to $350.00 and set an “overweight” rating for the company in a report on Monday, July 22nd. Robert W. Baird dropped their price target on CrowdStrike from $335.00 to $315.00 and set an “outperform” rating for the company in a research note on Thursday, August 29th. Cantor Fitzgerald restated an “overweight” rating and set a $350.00 price target on shares of CrowdStrike in a report on Thursday, September 19th. Westpark Capital reaffirmed a “hold” rating on shares of CrowdStrike in a report on Thursday, September 19th. Finally, Citigroup cut their target price on shares of CrowdStrike from $345.00 to $300.00 and set a “buy” rating for the company in a report on Wednesday, August 14th. One investment 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 issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $328.74.

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.