Banco Santander S.A. Reduces Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Banco Santander S.A. lessened its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 29.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 26,067 shares of the company’s stock after selling 10,930 shares during the period. Banco Santander S.A.’s holdings in CrowdStrike were worth $7,311,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Overbrook Management Corp purchased a new stake in shares of CrowdStrike in the 3rd quarter worth approximately $8,213,000. Citizens Financial Group Inc. RI raised its position in shares of CrowdStrike by 26.2% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 2,036 shares of the company’s stock worth $571,000 after purchasing an additional 423 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in CrowdStrike by 10.7% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 16,518 shares of the company’s stock worth $4,633,000 after purchasing an additional 1,590 shares in the last quarter. Moors & Cabot Inc. grew its position in CrowdStrike by 27.3% during the 3rd quarter. Moors & Cabot Inc. now owns 3,868 shares of the company’s stock valued at $1,085,000 after purchasing an additional 829 shares during the last quarter. Finally, Cedar Wealth Management LLC raised its holdings in CrowdStrike by 3,333.3% in the third quarter. Cedar Wealth Management LLC now owns 206 shares of the company’s stock worth $58,000 after buying an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. BMO Capital Markets raised their price target on shares of CrowdStrike from $290.00 to $315.00 and gave the company an “outperform” rating in a research report on Thursday, August 29th. CICC Research began coverage on CrowdStrike in a research note on Monday. They issued a “market perform” rating and a $295.00 price target for the company. Truist Financial increased their price objective on CrowdStrike from $325.00 to $375.00 and gave the company a “buy” rating in a research report on Monday. HSBC raised shares of 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 report on Friday, August 30th. Finally, Cantor Fitzgerald raised their target price on shares of CrowdStrike from $350.00 to $370.00 and gave the stock an “overweight” rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, thirty-one have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $334.33.

Insider Activity

In other news, insider Shawn Henry sold 4,500 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $260.73, for a total value of $1,173,285.00. Following the completion of the sale, the insider now owns 174,591 shares of the company’s stock, valued at approximately $45,521,111.43. This represents a 2.51 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Anurag Saha sold 1,683 shares of the company’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $297.28, for a total value of $500,322.24. Following the sale, the chief accounting officer now owns 38,962 shares of the company’s stock, valued at approximately $11,582,623.36. This represents a 4.14 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 108,248 shares of company stock valued at $32,465,110. Corporate insiders own 4.34% of the company’s stock.

CrowdStrike Trading Up 2.1 %

CRWD stock opened at $357.55 on Friday. CrowdStrike Holdings, Inc. has a twelve month low of $200.81 and a twelve month high of $398.33. The stock has a market capitalization of $87.65 billion, a price-to-earnings ratio of 518.19, a price-to-earnings-growth ratio of 23.89 and a beta of 1.10. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.26. The firm’s fifty day simple moving average is $305.77 and its two-hundred day simple moving average is $311.53.

CrowdStrike (NASDAQ:CRWD) last released its earnings results on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The firm had revenue of $963.87 million for the quarter, compared to analysts’ expectations of $958.27 million. During the same quarter in the prior year, the firm posted $0.06 earnings per share. The company’s quarterly revenue was up 31.7% on a year-over-year basis. As a group, analysts anticipate that CrowdStrike Holdings, Inc. will post 0.52 earnings per share for the current year.

CrowdStrike 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.