Western Financial Corp CA Sells 1,750 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Western Financial Corp CA trimmed its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 29.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,103 shares of the company’s stock after selling 1,750 shares during the period. Western Financial Corp CA’s holdings in CrowdStrike were worth $1,151,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in CRWD. Bank of New York Mellon Corp grew its holdings in shares of CrowdStrike by 47.5% in the second quarter. Bank of New York Mellon Corp now owns 1,753,252 shares of the company’s stock valued at $671,828,000 after purchasing an additional 564,662 shares in the last quarter. Acadian Asset Management LLC lifted its holdings in shares of CrowdStrike by 619.0% in the 1st quarter. Acadian Asset Management LLC now owns 554,876 shares of the company’s stock valued at $177,865,000 after acquiring an additional 477,706 shares during the last quarter. Vanguard Group Inc. increased its stake in CrowdStrike by 2.0% during the first quarter. Vanguard Group Inc. now owns 16,061,400 shares of the company’s stock worth $5,149,124,000 after acquiring an additional 315,280 shares during the last quarter. Principal Financial Group Inc. raised its position in CrowdStrike by 429.2% during the second quarter. Principal Financial Group Inc. now owns 298,443 shares of the company’s stock valued at $114,360,000 after purchasing an additional 242,052 shares during the period. Finally, Swedbank AB bought a new stake in shares of CrowdStrike in the 1st quarter valued at approximately $73,972,000. 71.16% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on CRWD. BTIG Research lowered shares of CrowdStrike from a “buy” rating to a “neutral” rating in a research note on Monday, July 22nd. Stifel Nicolaus dropped their target price on CrowdStrike from $400.00 to $300.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Scotiabank reduced their price target on CrowdStrike from $300.00 to $265.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 14th. Wedbush set a $330.00 price objective on CrowdStrike in a report on Thursday. Finally, Jefferies Financial Group increased their target price on CrowdStrike from $315.00 to $345.00 and gave the stock a “buy” rating in a research note on Tuesday, September 24th. One analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-one have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $328.74.

Insider Buying and Selling

In related news, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $309.38, for a total value of $1,237,520.00. Following the transaction, the insider now owns 124,298 shares in the company, valued at approximately $38,455,315.24. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CAO Anurag Saha sold 1,683 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 $500,322.24. Following the sale, the chief accounting officer now directly owns 38,962 shares in the company, valued at approximately $11,582,623.36. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Shawn Henry sold 4,000 shares of the stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $309.38, for a total transaction of $1,237,520.00. Following the completion of the sale, the insider now directly owns 124,298 shares of the company’s stock, valued at $38,455,315.24. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 103,212 shares of company stock valued at $30,529,413. Insiders own 4.34% of the company’s stock.

CrowdStrike Price Performance

CRWD traded down $0.94 during trading on Monday, reaching $309.21. 1,815,338 shares of the stock were exchanged, compared to its average volume of 5,184,644. 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 price is $276.25 and its two-hundred day moving average price is $308.20. The company has a market capitalization of $75.25 billion, a price-to-earnings ratio of 589.02, a P/E/G ratio of 19.94 and a beta of 1.10. CrowdStrike Holdings, Inc. has a 1 year low of $170.17 and a 1 year high of $398.33.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, topping 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 business had revenue of $963.87 million for the quarter, compared to analysts’ expectations of $958.27 million. During the same quarter last year, the firm earned $0.06 earnings per share. The business’s revenue was up 31.7% on a year-over-year basis. As a group, equities research analysts anticipate that CrowdStrike Holdings, Inc. will post 0.53 earnings per share for the current year.

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.