Davis R M Inc. Sells 1,210 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Davis R M Inc. lessened its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 57.5% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 896 shares of the company’s stock after selling 1,210 shares during the period. Davis R M Inc.’s holdings in CrowdStrike were worth $251,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of CRWD. Abich Financial Wealth Management LLC purchased a new position in CrowdStrike in the 2nd quarter worth about $25,000. Oakworth Capital Inc. bought a new position in CrowdStrike in the 3rd quarter worth about $28,000. Tsfg LLC increased its position in shares of CrowdStrike by 593.3% during the third quarter. Tsfg LLC now owns 104 shares of the company’s stock worth $29,000 after acquiring an additional 89 shares during the period. Family Firm Inc. bought a new stake in shares of CrowdStrike during the second quarter valued at approximately $30,000. Finally, Castleview Partners LLC purchased a new stake in shares of CrowdStrike in the third quarter valued at approximately $32,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

CrowdStrike Stock Down 2.3 %

Shares of CRWD stock opened at $363.68 on Tuesday. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $398.33. The firm has a market capitalization of $89.15 billion, a PE ratio of 527.07, a P/E/G ratio of 26.95 and a beta of 1.10. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.90 and a current ratio of 1.90. The stock’s 50-day simple moving average is $309.95 and its 200-day simple moving average is $312.22.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, topping 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 company had revenue of $963.87 million for the quarter, compared to the consensus estimate of $958.27 million. During the same quarter in the prior year, the company earned $0.06 EPS. CrowdStrike’s quarterly revenue was up 31.7% on a year-over-year basis. Equities analysts expect that CrowdStrike Holdings, Inc. will post 0.49 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Shawn Henry sold 4,500 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $260.73, for a total transaction of $1,173,285.00. Following the sale, the insider now directly owns 174,591 shares of the company’s stock, valued at $45,521,111.43. This trade represents a 2.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 value of $500,322.24. Following the completion of the transaction, the chief accounting officer now directly owns 38,962 shares of the company’s stock, valued at $11,582,623.36. The trade was a 4.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 108,248 shares of company stock valued at $32,465,110 over the last 90 days. Insiders own 4.34% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. UBS Group reduced their price objective on CrowdStrike from $330.00 to $310.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. HSBC upgraded CrowdStrike from a “hold” rating to a “buy” rating and raised their price target for the company from $302.00 to $339.00 in a research note on Friday, August 30th. Evercore ISI upped their price objective on shares of CrowdStrike from $325.00 to $400.00 and gave the stock an “outperform” rating in a research note on Monday. BNP Paribas initiated coverage on shares of CrowdStrike in a research report on Tuesday, October 8th. They set a “neutral” rating and a $285.00 target price on the stock. Finally, Needham & Company LLC began coverage on shares of CrowdStrike in a research report on Monday, September 23rd. They issued a “buy” rating and a $360.00 price target for the company. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirty have issued a buy rating and four have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, CrowdStrike has an average rating of “Moderate Buy” and an average target price of $339.08.

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.