CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Sold by Atria Investments Inc

Atria Investments Inc trimmed its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 19.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,413 shares of the company's stock after selling 2,288 shares during the period. Atria Investments Inc's holdings in CrowdStrike were worth $2,640,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Abich Financial Wealth Management LLC purchased a new position in CrowdStrike during the second quarter worth about $25,000. Family Firm Inc. bought a new stake in CrowdStrike during the 2nd quarter valued at $30,000. Itau Unibanco Holding S.A. purchased a new stake in shares of CrowdStrike during the second quarter worth $33,000. Unique Wealth Strategies LLC bought a new position in shares of CrowdStrike in the second quarter worth $36,000. Finally, Hobbs Group Advisors LLC bought a new stake in shares of CrowdStrike during the 2nd quarter valued at $38,000. 71.16% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Sameer K. Gandhi sold 5,036 shares of the business's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $320.48, for a total value of $1,613,937.28. Following the completion of the sale, the director now directly owns 816,730 shares in the company, valued at $261,745,630.40. The trade was a 0.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Shawn Henry sold 4,500 shares of CrowdStrike stock in a transaction that occurred on Monday, September 16th. The stock was 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 directly owns 174,591 shares in the company, valued at $45,521,111.43. This represents a 2.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 104,248 shares of company stock valued at $31,103,350. Insiders own 4.34% of the company's stock.

CrowdStrike Stock Down 2.8 %

CrowdStrike stock traded down $9.50 during midday trading on Friday, hitting $334.86. 1,362,885 shares of the company's stock were exchanged, compared to its average volume of 5,014,656. 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 firm has a 50-day moving average of $295.99 and a two-hundred day moving average of $309.90. CrowdStrike Holdings, Inc. has a 12 month low of $198.86 and a 12 month high of $398.33. The company has a market cap of $82.08 billion, a PE ratio of 487.16, a P/E/G ratio of 23.52 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 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 during the quarter, compared to analyst estimates of $958.27 million. During the same period 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 expect that CrowdStrike Holdings, Inc. will post 0.52 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CRWD. Deutsche Bank Aktiengesellschaft reduced their price target on shares of CrowdStrike from $350.00 to $275.00 and set a "hold" rating for the company in a research report on Monday, August 26th. Argus decreased their price objective on CrowdStrike from $400.00 to $325.00 and set a "buy" rating on the stock in a report on Friday, August 30th. Wedbush set a $330.00 price objective on shares of CrowdStrike in a report on Thursday, October 17th. Guggenheim lowered CrowdStrike from a "buy" rating to a "neutral" rating in a research report on Monday, July 22nd. Finally, Needham & Company LLC began coverage on shares of CrowdStrike in a research report on Monday, September 23rd. They set a "buy" rating and a $360.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, six have given a hold rating, thirty-one have assigned a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $328.74.

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.