CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Holdings Lessened by Glynn Capital Management LLC

Glynn Capital Management LLC trimmed its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 19.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 82,908 shares of the company’s stock after selling 19,703 shares during the quarter. CrowdStrike accounts for approximately 6.4% of Glynn Capital Management LLC’s holdings, making the stock its 6th biggest holding. Glynn Capital Management LLC’s holdings in CrowdStrike were worth $31,770,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Trivant Custom Portfolio Group LLC bought a new position in CrowdStrike during the 1st quarter valued at about $30,000. Family Firm Inc. bought a new position in CrowdStrike during the 2nd quarter valued at about $30,000. Johnson Financial Group Inc. bought a new position in CrowdStrike during the 4th quarter valued at about $31,000. Northwest Bank & Trust Co bought a new position in CrowdStrike in the 4th quarter worth about $32,000. Finally, Future Financial Wealth Managment LLC bought a new position in CrowdStrike in the 1st quarter worth about $32,000. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

CrowdStrike Stock Down 2.7 %

CRWD stock opened at $259.32 on Thursday. The firm has a market cap of $63.11 billion, a PE ratio of 489.28, a P/E/G ratio of 13.44 and a beta of 1.09. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.80 and a current ratio of 1.90. The firm’s fifty day moving average is $295.04 and its 200 day moving average is $316.82. CrowdStrike Holdings, Inc. has a one year low of $157.59 and a one year high of $398.33.

CrowdStrike (NASDAQ:CRWD) last announced its earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) 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 business had revenue of $963.87 million for the quarter, compared to analyst estimates of $958.27 million. During the same quarter last year, the business earned $0.06 earnings per share. The company’s revenue for the quarter was up 31.7% compared to the same quarter last year. On average, research analysts forecast that CrowdStrike Holdings, Inc. will post 0.81 EPS for the current year.

Insider Activity

In other news, insider Shawn Henry sold 4,500 shares of the firm’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $382.93, for a total value of $1,723,185.00. Following the transaction, the insider now directly owns 200,672 shares of the company’s stock, valued at $76,843,328.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Shawn Henry sold 4,500 shares of the firm’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $382.93, for a total value of $1,723,185.00. Following the transaction, the insider now directly owns 200,672 shares of the company’s stock, valued at $76,843,328.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Anurag Saha sold 1,662 shares of the firm’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $380.63, for a total transaction of $632,607.06. Following the completion of the transaction, the chief accounting officer now directly owns 40,645 shares in the company, valued at $15,470,706.35. The disclosure for this sale can be found here. Insiders have sold a total of 130,219 shares of company stock worth $48,856,294 over the last 90 days. 4.34% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on CRWD. Scotiabank dropped their target price on shares of CrowdStrike from $300.00 to $265.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 14th. The Goldman Sachs Group dropped their target price on shares of CrowdStrike from $400.00 to $295.00 and set a “buy” rating on the stock in a research note on Thursday, August 15th. Oppenheimer dropped their target price on shares of CrowdStrike from $450.00 to $365.00 and set an “outperform” rating on the stock in a research note on Thursday, August 29th. Raymond James dropped their target price on shares of CrowdStrike from $380.00 to $275.00 and set an “outperform” rating on the stock in a research note on Thursday, August 29th. Finally, Redburn Atlantic downgraded shares of CrowdStrike from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $380.00 to $275.00 in a research note on Thursday, July 18th. One analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-three have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $329.79.

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.