CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Sold by Forum Financial Management LP

Forum Financial Management LP lowered its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 3.5% during the third quarter, Holdings Channel reports. The fund owned 1,245 shares of the company’s stock after selling 45 shares during the quarter. Forum Financial Management LP’s holdings in CrowdStrike were worth $349,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of CRWD. Burney Co. acquired a new position in CrowdStrike in the 1st quarter valued at $1,342,000. Doliver Advisors LP lifted its position in CrowdStrike by 223.2% during the third quarter. Doliver Advisors LP now owns 6,754 shares of the company’s stock worth $1,894,000 after buying an additional 4,664 shares during the period. DekaBank Deutsche Girozentrale boosted its stake in CrowdStrike by 0.7% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 439,865 shares of the company’s stock worth $124,644,000 after buying an additional 2,863 shares during the last quarter. U.S. Capital Wealth Advisors LLC grew its holdings in CrowdStrike by 258.9% in the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 19,315 shares of the company’s stock valued at $5,417,000 after buying an additional 13,934 shares during the period. Finally, HWG Holdings LP acquired a new position in shares of CrowdStrike during the 2nd quarter valued at about $2,955,000. 71.16% of the stock is owned by institutional investors and hedge funds.

CrowdStrike Price Performance

Shares of CRWD opened at $298.88 on Tuesday. CrowdStrike Holdings, Inc. has a 12 month low of $183.60 and a 12 month high of $398.33. 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 stock has a fifty day moving average price of $285.51 and a 200 day moving average price of $307.96. The company has a market cap of $73.26 billion, a P/E ratio of 433.16, a PEG ratio of 20.07 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings data 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 firm had revenue of $963.87 million for the quarter, compared to the consensus estimate of $958.27 million. During the same period last year, the firm posted $0.06 EPS. CrowdStrike’s quarterly revenue was up 31.7% compared to the same quarter last year. On average, research analysts forecast that CrowdStrike Holdings, Inc. will post 0.52 earnings per share for the current year.

Insider Buying and Selling

In other CrowdStrike news, CAO Anurag Saha sold 1,683 shares of CrowdStrike stock in a transaction on 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 owns 38,962 shares of the company’s stock, valued at $11,582,623.36. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CAO Anurag Saha sold 1,683 shares of the company’s stock in a transaction that occurred 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 sale, the chief accounting officer now directly owns 38,962 shares of the company’s stock, valued at approximately $11,582,623.36. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 transaction of $1,237,520.00. Following the transaction, the insider now owns 124,298 shares in the company, valued at $38,455,315.24. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 103,212 shares of company stock valued at $30,529,413 in the last three months. 4.34% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently commented on CRWD shares. JMP Securities reaffirmed a “market outperform” rating and set a $400.00 price target on shares of CrowdStrike in a research report on Monday. DA Davidson restated a “buy” rating and set a $310.00 price objective on shares of CrowdStrike in a report on Wednesday, September 18th. Evercore ISI reduced their target price on CrowdStrike from $350.00 to $325.00 and set an “outperform” rating on the stock in a report on Tuesday, July 30th. Truist Financial reissued a “buy” rating and set a $325.00 price target on shares of CrowdStrike in a research report on Wednesday, August 28th. Finally, Citigroup cut their price objective on CrowdStrike from $345.00 to $300.00 and set a “buy” rating on the stock 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 assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $328.74.

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.