Zweig DiMenna Associates LLC Cuts Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Zweig DiMenna Associates LLC cut its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 43.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,675 shares of the company’s stock after selling 10,593 shares during the period. Zweig DiMenna Associates LLC’s holdings in CrowdStrike were worth $3,835,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Assenagon Asset Management S.A. grew its position in CrowdStrike by 248.6% during the third quarter. Assenagon Asset Management S.A. now owns 521,198 shares of the company’s stock valued at $146,180,000 after buying an additional 371,695 shares during the period. IFM Investors Pty Ltd grew its position in CrowdStrike by 1.6% during the third quarter. IFM Investors Pty Ltd now owns 46,371 shares of the company’s stock valued at $13,006,000 after buying an additional 744 shares during the period. Mason & Associates Inc grew its position in CrowdStrike by 50.3% during the third quarter. Mason & Associates Inc now owns 3,745 shares of the company’s stock valued at $1,050,000 after buying an additional 1,253 shares during the period. Lafayette Investments Inc. bought a new position in CrowdStrike during the third quarter valued at about $435,000. Finally, Grimes & Company Inc. grew its position in CrowdStrike by 9.2% during the third quarter. Grimes & Company Inc. now owns 797 shares of the company’s stock valued at $224,000 after buying an additional 67 shares during the period. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on CRWD. Scotiabank reduced their price target on shares of CrowdStrike from $300.00 to $265.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 14th. Hsbc Global Res upgraded shares of CrowdStrike from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 30th. BTIG Research lowered shares of CrowdStrike from a “buy” rating to a “neutral” rating in a research report on Monday, July 22nd. Piper Sandler reiterated an “overweight” rating and set a $290.00 target price on shares of CrowdStrike in a research report on Thursday, September 19th. Finally, Truist Financial reiterated a “buy” rating and set a $325.00 target price on shares of CrowdStrike in a research report on Wednesday, August 28th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, thirty-one have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $328.74.

CrowdStrike Trading Up 1.7 %

NASDAQ:CRWD opened at $304.47 on Friday. The company has a fifty day moving average of $279.73 and a 200 day moving average of $308.09. CrowdStrike Holdings, Inc. has a 52 week low of $170.17 and a 52 week high of $398.33. 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 firm has a market capitalization of $74.10 billion, a P/E ratio of 574.47, a P/E/G ratio of 19.94 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $958.27 million. During the same period in the prior year, the business posted $0.06 EPS. The firm’s revenue was up 31.7% compared to the same quarter last year. On average, research analysts predict that CrowdStrike Holdings, Inc. will post 0.53 earnings per share for the current year.

Insiders Place Their Bets

In other CrowdStrike news, CAO Anurag Saha sold 1,683 shares of the company’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $297.28, for a total value of $500,322.24. Following the completion of the transaction, the chief accounting officer now directly owns 38,962 shares in the company, valued at approximately $11,582,623.36. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were 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. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Anurag Saha sold 1,683 shares of the company’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 completion of the sale, the chief accounting officer now directly owns 38,962 shares in the company, valued at $11,582,623.36. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 103,212 shares of company stock worth $30,529,413. 4.34% of the stock is currently owned by corporate insiders.

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.