Kornitzer Capital Management Inc. KS Sells 34,250 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Kornitzer Capital Management Inc. KS cut its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 55.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 27,178 shares of the company’s stock after selling 34,250 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in CrowdStrike were worth $10,414,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CRWD. Family Firm Inc. bought a new position in CrowdStrike during the second quarter valued at approximately $30,000. Unique Wealth Strategies LLC bought a new position in shares of CrowdStrike during the 2nd quarter valued at $36,000. Trivant Custom Portfolio Group LLC bought a new position in shares of CrowdStrike during the 1st quarter valued at $30,000. Hobbs Group Advisors LLC purchased a new position in shares of CrowdStrike in the 2nd quarter worth $38,000. Finally, Future Financial Wealth Managment LLC bought a new stake in shares of CrowdStrike in the first quarter worth $32,000. 71.16% of the stock is owned by institutional investors.

CrowdStrike Stock Performance

Shares of NASDAQ:CRWD opened at $256.43 on Friday. The firm has a 50 day moving average of $292.42 and a 200 day moving average of $316.40. The company has a quick ratio of 1.80, a current ratio of 1.90 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $62.41 billion, a price-to-earnings ratio of 483.83, a price-to-earnings-growth ratio of 13.44 and a beta of 1.09. CrowdStrike Holdings, Inc. has a 52 week low of $157.59 and a 52 week high of $398.33.

CrowdStrike (NASDAQ:CRWD) last announced its earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.07. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The company had revenue of $963.87 million during the quarter, compared to the consensus estimate of $958.27 million. During the same period last year, the firm earned $0.06 earnings per share. CrowdStrike’s revenue was up 31.7% compared to the same quarter last year. On average, sell-side analysts predict that CrowdStrike Holdings, Inc. will post 0.81 earnings per share for the current fiscal year.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,500 shares of CrowdStrike stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $382.93, for a total transaction of $1,723,185.00. Following the completion of the sale, the insider now directly owns 200,672 shares in the company, valued at approximately $76,843,328.96. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CAO Anurag Saha sold 1,662 shares of the stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $380.63, for a total transaction of $632,607.06. Following the sale, the chief accounting officer now directly owns 40,645 shares of the company’s stock, valued at approximately $15,470,706.35. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Shawn Henry sold 4,500 shares of the firm’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $382.93, for a total value of $1,723,185.00. Following the sale, the insider now owns 200,672 shares in the company, valued at $76,843,328.96. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 130,219 shares of company stock worth $48,856,294. 4.34% of the stock is currently owned by insiders.

Analysts Set New Price Targets

CRWD has been the subject of a number of recent research reports. TD Cowen cut their price objective on CrowdStrike from $400.00 to $380.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. Susquehanna dropped their price target on CrowdStrike from $410.00 to $310.00 and set a “positive” rating for the company in a research note on Thursday. Canaccord Genuity Group cut their price objective on shares of CrowdStrike from $340.00 to $330.00 and set a “buy” rating for the company in a report on Thursday, August 29th. Hsbc Global Res raised shares of CrowdStrike from a “hold” rating to a “strong-buy” rating in a report on Friday, August 30th. Finally, Wells Fargo & Company cut their target price on shares of CrowdStrike from $435.00 to $350.00 and set an “overweight” rating for the company in a research note on Monday, July 22nd. One analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-three have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $327.16.

CrowdStrike 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.