Nations Financial Group Inc. IA ADV Lowers Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Nations Financial Group Inc. IA ADV lessened its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 49.5% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,355 shares of the company’s stock after selling 3,289 shares during the period. Nations Financial Group Inc. IA ADV’s holdings in CrowdStrike were worth $941,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Arlington Financial Advisors LLC lifted its holdings in shares of CrowdStrike by 1.5% in the 2nd quarter. Arlington Financial Advisors LLC now owns 2,030 shares of the company’s stock worth $778,000 after acquiring an additional 30 shares during the last quarter. Saturna Capital Corp raised its stake in shares of CrowdStrike by 2.7% during the first quarter. Saturna Capital Corp now owns 1,273 shares of the company’s stock valued at $408,000 after acquiring an additional 33 shares in the last quarter. Sunpointe LLC boosted its holdings in shares of CrowdStrike by 3.1% in the third quarter. Sunpointe LLC now owns 1,131 shares of the company’s stock valued at $317,000 after purchasing an additional 34 shares during the period. Means Investment CO. Inc. grew its stake in CrowdStrike by 1.8% in the second quarter. Means Investment CO. Inc. now owns 1,933 shares of the company’s stock worth $741,000 after purchasing an additional 35 shares in the last quarter. Finally, Interchange Capital Partners LLC increased its holdings in CrowdStrike by 1.1% during the 3rd quarter. Interchange Capital Partners LLC now owns 3,694 shares of the company’s stock worth $1,036,000 after purchasing an additional 39 shares during the period. 71.16% of the stock is owned by institutional investors.

Insider Activity at CrowdStrike

In other news, insider Shawn Henry sold 4,000 shares of the firm’s 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 transaction, the insider now owns 179,091 shares in the company, valued at $46,563,660. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other CrowdStrike news, President Michael Sentonas sold 10,776 shares of the stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $297.28, for a total value of $3,203,489.28. Following the completion of the sale, the president now owns 400,390 shares in the company, valued at approximately $119,027,939.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Shawn Henry sold 4,000 shares of the business’s 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 transaction, the insider now 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. In the last three months, insiders have sold 108,248 shares of company stock valued at $32,143,350. 4.34% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on CRWD shares. Wedbush set a $330.00 price target on CrowdStrike in a research note on Thursday, October 17th. Argus reduced their price target on shares of CrowdStrike from $400.00 to $325.00 and set a “buy” rating for the company in a report on Friday, August 30th. Rosenblatt Securities reissued a “buy” rating and set a $325.00 price objective on shares of CrowdStrike in a report on Thursday, September 19th. Canaccord Genuity Group restated a “buy” rating and set a $330.00 target price on shares of CrowdStrike in a report on Monday, September 30th. Finally, DA Davidson reissued a “buy” rating and issued a $310.00 price target on shares of CrowdStrike in a research report on Wednesday, September 18th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-one have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $328.74.

CrowdStrike Stock Performance

CRWD opened at $343.50 on Wednesday. The stock has a market cap of $84.20 billion, a P/E ratio of 497.83, a P/E/G ratio of 22.31 and a beta of 1.10. 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 firm has a fifty day moving average price of $290.92 and a 200 day moving average price of $309.11. CrowdStrike Holdings, Inc. has a 1 year low of $197.17 and a 1 year high of $398.33.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.97 by $0.07. The company had revenue of $963.87 million for the quarter, compared to analyst estimates of $958.27 million. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. CrowdStrike’s quarterly revenue was up 31.7% compared to the same quarter last year. During the same period last year, the company earned $0.06 earnings per share. Equities research analysts anticipate that CrowdStrike Holdings, Inc. will post 0.52 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.