Oppenheimer & Co. Inc. Cuts Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Oppenheimer & Co. Inc. cut its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 24.6% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 38,059 shares of the company’s stock after selling 12,442 shares during the period. Oppenheimer & Co. Inc.’s holdings in CrowdStrike were worth $10,674,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Jefferies Financial Group lifted their target price on shares of CrowdStrike from $315.00 to $345.00 and gave the stock a “buy” rating in a research note on Tuesday, September 24th. Susquehanna reiterated a “positive” rating and issued a $310.00 price objective on shares of CrowdStrike in a report on Thursday, September 19th. Stifel Nicolaus decreased their target price on shares of CrowdStrike from $400.00 to $300.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Royal Bank of Canada dropped their price target on CrowdStrike from $345.00 to $335.00 and set an “outperform” rating for the company in a research report on Thursday, August 29th. Finally, Westpark Capital reiterated a “hold” rating on shares of CrowdStrike in a research report on Thursday, September 19th. One analyst has rated the stock with a sell rating, six have given a hold rating, thirty-one have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $328.74.

Insider Transactions at CrowdStrike

In related news, CEO George Kurtz sold 55,325 shares of the stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $296.62, for a total value of $16,410,501.50. Following the transaction, the chief executive officer now owns 1,109,746 shares of the company’s stock, valued at $329,172,858.52. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, CAO Anurag Saha sold 1,683 shares of the business’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 transaction of $500,322.24. Following the completion of the sale, the chief accounting officer now owns 38,962 shares in the company, valued at approximately $11,582,623.36. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO George Kurtz sold 55,325 shares of the stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $296.62, for a total transaction of $16,410,501.50. Following the completion of the transaction, the chief executive officer now directly owns 1,109,746 shares in the company, valued at $329,172,858.52. This trade 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 sold 104,248 shares of company stock valued at $31,103,350. Insiders own 4.34% of the company’s stock.

CrowdStrike Price Performance

Shares of NASDAQ CRWD opened at $347.88 on Thursday. 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 company has a market cap of $85.28 billion, a price-to-earnings ratio of 504.17, a price-to-earnings-growth ratio of 23.22 and a beta of 1.10. The stock’s 50-day moving average is $292.46 and its two-hundred day moving average is $309.39. CrowdStrike Holdings, Inc. has a 1-year low of $198.86 and a 1-year high of $398.33.

CrowdStrike (NASDAQ:CRWD) last released its earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, topping 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 firm had revenue of $963.87 million for the quarter, compared to analyst estimates of $958.27 million. During the same period in the prior year, the firm earned $0.06 earnings per share. The business’s quarterly revenue was up 31.7% compared to the same quarter last year. Analysts forecast that CrowdStrike Holdings, Inc. will post 0.52 EPS for the current fiscal year.

About CrowdStrike

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.