Fiduciary Trust Co Sells 1,900 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Fiduciary Trust Co trimmed its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 19.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,794 shares of the company’s stock after selling 1,900 shares during the period. Fiduciary Trust Co’s holdings in CrowdStrike were worth $2,186,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in CRWD. Abich Financial Wealth Management LLC acquired a new stake in CrowdStrike during the second quarter worth $25,000. Oakworth Capital Inc. acquired a new stake in shares of CrowdStrike during the 3rd quarter valued at about $28,000. Tsfg LLC increased its stake in CrowdStrike by 593.3% in the third quarter. Tsfg LLC now owns 104 shares of the company’s stock valued at $29,000 after acquiring an additional 89 shares during the period. Family Firm Inc. acquired a new position in CrowdStrike in the second quarter worth about $30,000. Finally, Castleview Partners LLC bought a new position in CrowdStrike during the third quarter worth about $32,000. Institutional investors own 71.16% of the company’s stock.

Insider Activity at CrowdStrike

In other news, CFO Burt W. Podbere sold 11,178 shares of the business’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $297.47, for a total value of $3,325,119.66. Following the sale, the chief financial officer now directly owns 286,472 shares in the company, valued at $85,216,825.84. The trade was a 3.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Anurag Saha sold 1,683 shares of the stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $297.28, for a total value of $500,322.24. Following the transaction, the chief accounting officer now owns 38,962 shares of the company’s stock, valued at approximately $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. In the last three months, insiders sold 108,248 shares of company stock worth $32,465,110. 4.34% of the stock is owned by company insiders.

CrowdStrike Price Performance

CRWD opened at $345.97 on Friday. The company has a fifty day simple moving average of $315.80 and a 200 day simple moving average of $313.20. The company has a quick ratio of 1.90, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. The stock has a market cap of $84.81 billion, a P/E ratio of 678.39, a P/E/G ratio of 25.16 and a beta of 1.10. CrowdStrike Holdings, Inc. has a 12 month low of $200.81 and a 12 month high of $398.33.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.07. CrowdStrike had a return on equity of 7.11% and a net margin of 3.39%. The company had revenue of $963.87 million during the quarter, compared to the consensus estimate of $958.27 million. During the same period in the prior year, the company 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 expect that CrowdStrike Holdings, Inc. will post 0.49 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on CRWD shares. Sanford C. Bernstein lowered their price objective on CrowdStrike from $334.00 to $327.00 and set an “outperform” rating on the stock in a research note on Thursday, September 5th. Oppenheimer increased their price objective on CrowdStrike from $365.00 to $410.00 and gave the stock an “outperform” rating in a research note on Wednesday. Susquehanna lifted their price objective on CrowdStrike from $310.00 to $400.00 and gave the company a “positive” rating in a report on Wednesday. Stifel Nicolaus upped their target price on shares of CrowdStrike from $300.00 to $375.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Finally, BNP Paribas started coverage on shares of CrowdStrike in a report on Tuesday, October 8th. They set a “neutral” rating and a $285.00 price target for the company. One analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, CrowdStrike presently has a consensus rating of “Moderate Buy” and an average target price of $355.80.

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.