Price T Rowe Associates Inc. MD Trims Stock Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Price T Rowe Associates Inc. MD lessened its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 13.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,399,558 shares of the company’s stock after selling 224,748 shares during the quarter. Price T Rowe Associates Inc. MD owned about 0.58% of CrowdStrike worth $448,686,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of CRWD. CVA Family Office LLC purchased a new stake in shares of CrowdStrike during the fourth quarter worth approximately $26,000. Pacer Advisors Inc. raised its stake in shares of CrowdStrike by 30.4% during the fourth quarter. Pacer Advisors Inc. now owns 17,418 shares of the company’s stock worth $4,447,000 after purchasing an additional 4,064 shares during the last quarter. Procyon Advisors LLC purchased a new stake in shares of CrowdStrike during the fourth quarter worth approximately $343,000. Ritholtz Wealth Management purchased a new position in CrowdStrike in the fourth quarter worth $265,000. Finally, McGlone Suttner Wealth Management Inc. purchased a new position in CrowdStrike in the fourth quarter worth $36,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

CrowdStrike Stock Up 2.3 %

Shares of NASDAQ:CRWD traded up $5.77 during mid-day trading on Monday, hitting $261.93. 5,369,083 shares of the company traded hands, compared to its average volume of 5,046,496. The firm has a market cap of $63.74 billion, a P/E ratio of 494.45, a PEG ratio of 13.09 and a beta of 1.10. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.80 and a current ratio of 1.80. CrowdStrike Holdings, Inc. has a 52-week low of $140.52 and a 52-week high of $398.33. The firm’s 50 day simple moving average is $354.16 and its 200 day simple moving average is $326.67.

CrowdStrike (NASDAQ:CRWD) last announced its earnings results on Tuesday, June 4th. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.01). The company had revenue of $921.04 million for the quarter, compared to analysts’ expectations of $904.82 million. CrowdStrike had a net margin of 4.01% and a return on equity of 7.39%. On average, equities analysts anticipate that CrowdStrike Holdings, Inc. will post 0.9 EPS for the current year.

Insider Activity at CrowdStrike

In other CrowdStrike news, CFO Burt W. Podbere sold 15,753 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $305.15, for a total transaction of $4,807,027.95. Following the completion of the sale, the chief financial officer now owns 313,994 shares in the company, valued at approximately $95,815,269.10. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CFO Burt W. Podbere sold 15,753 shares of the company’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $305.15, for a total value of $4,807,027.95. Following the sale, the chief financial officer now directly owns 313,994 shares of the company’s stock, valued at $95,815,269.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO George Kurtz sold 56,279 shares of the stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $304.41, for a total transaction of $17,131,890.39. Following the transaction, the chief executive officer now owns 1,146,048 shares in the company, valued at $348,868,471.68. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 219,675 shares of company stock worth $76,931,522. 4.34% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on CRWD shares. Wells Fargo & Company cut their price objective on CrowdStrike from $435.00 to $350.00 and set an “overweight” rating for the company in a research report on Monday, July 22nd. Evercore ISI cut their price objective on CrowdStrike from $405.00 to $350.00 and set an “outperform” rating for the company in a research report on Friday, July 19th. Wedbush cut their price objective on CrowdStrike from $385.00 to $315.00 and set an “outperform” rating for the company in a research report on Wednesday, July 24th. KeyCorp lowered their target price on CrowdStrike from $440.00 to $420.00 and set an “overweight” rating on the stock in a report on Wednesday, July 17th. Finally, BMO Capital Markets lowered their target price on CrowdStrike from $425.00 to $410.00 and set an “outperform” rating on the stock in a report on Wednesday, June 5th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, thirty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $358.21.

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.