CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Sold by HM Payson & Co.

HM Payson & Co. trimmed its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 5.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 655 shares of the company’s stock after selling 41 shares during the period. HM Payson & Co.’s holdings in CrowdStrike were worth $184,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of CRWD. Abich Financial Wealth Management LLC acquired a new stake in CrowdStrike during the second quarter worth approximately $25,000. Family Firm Inc. acquired a new stake in shares of CrowdStrike during the second quarter worth $30,000. Itau Unibanco Holding S.A. acquired a new stake in shares of CrowdStrike during the second quarter worth $33,000. Unique Wealth Strategies LLC purchased a new stake in shares of CrowdStrike in the second quarter valued at $36,000. Finally, Hobbs Group Advisors LLC acquired a new position in CrowdStrike in the second quarter valued at $38,000. 71.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CRWD. Needham & Company LLC initiated coverage on CrowdStrike in a research note on Monday, September 23rd. They issued a “buy” rating and a $360.00 price target on the stock. Barclays boosted their target price on shares of CrowdStrike from $285.00 to $295.00 and gave the company an “overweight” rating in a report on Thursday, August 29th. BTIG Research downgraded shares of CrowdStrike from a “buy” rating to a “neutral” rating in a research note on Monday, July 22nd. Evercore ISI decreased their price target on shares of CrowdStrike from $350.00 to $325.00 and set an “outperform” rating on the stock in a report on Tuesday, July 30th. Finally, HSBC upgraded CrowdStrike from a “hold” rating to a “buy” rating and upped their price objective for the stock from $302.00 to $339.00 in a report on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-one have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, CrowdStrike has a consensus rating of “Moderate Buy” and an average price target of $328.74.

CrowdStrike Trading Up 2.1 %

NASDAQ CRWD opened at $303.13 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.90 and a current ratio of 1.90. CrowdStrike Holdings, Inc. has a one year low of $178.35 and a one year high of $398.33. The company has a 50-day simple moving average of $284.85 and a 200-day simple moving average of $307.77. The firm has a market capitalization of $74.31 billion, a PE ratio of 439.32, a price-to-earnings-growth ratio of 20.79 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD) last issued 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. The company had revenue of $963.87 million during the quarter, compared to the consensus estimate of $958.27 million. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. CrowdStrike’s quarterly revenue was up 31.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.06 earnings per share. On average, equities analysts forecast that CrowdStrike Holdings, Inc. will post 0.52 earnings per share for the current year.

Insider Transactions at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $309.38, for a total transaction of $1,237,520.00. Following the completion of the transaction, the insider now directly owns 124,298 shares of the company’s stock, valued at $38,455,315.24. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $309.38, for a total value of $1,237,520.00. Following the sale, the insider now directly owns 124,298 shares in the company, valued at $38,455,315.24. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO George Kurtz sold 55,325 shares of the business’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $296.62, for a total value of $16,410,501.50. Following the transaction, the chief executive officer now owns 1,109,746 shares of the company’s stock, valued at $329,172,858.52. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 103,212 shares of company stock worth $30,529,413. Insiders own 4.34% of the company’s stock.

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.