Cambridge Investment Research Advisors Inc. Sells 4,839 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Cambridge Investment Research Advisors Inc. lessened its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWDGet Rating) by 6.1% during the 2nd quarter, Holdings Channel reports. The firm owned 74,825 shares of the company’s stock after selling 4,839 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in CrowdStrike were worth $12,613,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Beese Fulmer Investment Management Inc. grew its position in CrowdStrike by 1.0% during the 1st quarter. Beese Fulmer Investment Management Inc. now owns 5,121 shares of the company’s stock worth $1,163,000 after purchasing an additional 50 shares during the last quarter. Gemmer Asset Management LLC grew its position in CrowdStrike by 1.5% during the 1st quarter. Gemmer Asset Management LLC now owns 3,383 shares of the company’s stock worth $768,000 after purchasing an additional 50 shares during the last quarter. Capital Investment Advisors LLC grew its position in CrowdStrike by 4.3% during the 1st quarter. Capital Investment Advisors LLC now owns 1,338 shares of the company’s stock worth $304,000 after purchasing an additional 55 shares during the last quarter. Evanson Asset Management LLC grew its position in CrowdStrike by 1.6% during the 1st quarter. Evanson Asset Management LLC now owns 3,455 shares of the company’s stock worth $785,000 after purchasing an additional 56 shares during the last quarter. Finally, Sound Income Strategies LLC grew its position in CrowdStrike by 42.9% during the 2nd quarter. Sound Income Strategies LLC now owns 200 shares of the company’s stock worth $34,000 after purchasing an additional 60 shares during the last quarter. Hedge funds and other institutional investors own 67.43% of the company’s stock.

Insider Activity

In other news, insider Shawn Henry sold 12,103 shares of the stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $200.52, for a total value of $2,426,893.56. Following the completion of the sale, the insider now directly owns 180,252 shares in the company, valued at $36,144,131.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, Director Godfrey Sullivan sold 10,000 shares of the stock in a transaction dated Thursday, September 8th. The shares were sold at an average price of $175.01, for a total value of $1,750,100.00. Following the completion of the sale, the director now directly owns 170,000 shares in the company, valued at $29,751,700. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Shawn Henry sold 12,103 shares of the stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $200.52, for a total transaction of $2,426,893.56. Following the completion of the sale, the insider now owns 180,252 shares of the company’s stock, valued at $36,144,131.04. The disclosure for this sale can be found here. Company insiders own 6.82% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Cantor Fitzgerald assumed coverage on shares of CrowdStrike in a research report on Wednesday, September 7th. They set an “overweight” rating and a $240.00 target price on the stock. Cowen reaffirmed a “buy” rating and issued a $220.00 price objective on shares of CrowdStrike in a report on Wednesday. Cowen reaffirmed a “buy” rating and issued a $220.00 price objective on shares of CrowdStrike in a report on Wednesday. Stifel Nicolaus upped their price objective on shares of CrowdStrike from $220.00 to $225.00 and gave the company a “buy” rating in a report on Wednesday, August 31st. Finally, Wells Fargo & Company dropped their price objective on shares of CrowdStrike from $275.00 to $250.00 and set an “overweight” rating on the stock in a report on Friday, June 3rd. One investment analyst has rated the stock with a hold rating and thirty have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $241.71.

CrowdStrike Stock Performance

NASDAQ:CRWD opened at $161.28 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.80 and a current ratio of 1.80. The company has a fifty day moving average of $185.18 and a two-hundred day moving average of $185.74. The stock has a market capitalization of $37.64 billion, a PE ratio of -215.04 and a beta of 1.27. CrowdStrike Holdings, Inc. has a fifty-two week low of $130.00 and a fifty-two week high of $298.48.

CrowdStrike (NASDAQ:CRWDGet Rating) last posted its quarterly earnings data on Tuesday, August 30th. The company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.08. The company had revenue of $535.15 million during the quarter, compared to analysts’ expectations of $516.44 million. CrowdStrike had a negative net margin of 9.45% and a negative return on equity of 12.96%. The firm’s revenue for the quarter was up 58.5% on a year-over-year basis. During the same period in the prior year, the business posted ($0.21) earnings per share. As a group, research analysts forecast that CrowdStrike Holdings, Inc. will post -0.75 earnings per share for the current fiscal year.

CrowdStrike Profile

(Get Rating)

CrowdStrike Holdings, Inc provides cloud-delivered protection across endpoints and cloud workloads, identity, and data. It offers threat intelligence, managed security services, IT operations management, threat hunting, Zero Trust identity protection, and log management. The company primarily sells subscriptions to its Falcon platform and cloud modules through its direct sales team that leverages its network of channel partners.

See Also

Want to see what other hedge funds are holding CRWD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CrowdStrike Holdings, Inc. (NASDAQ:CRWDGet Rating).

Institutional Ownership by Quarter for CrowdStrike (NASDAQ:CRWD)

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