Black Swift Group LLC Sells 2,175 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Black Swift Group LLC cut its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 11.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,140 shares of the company's stock after selling 2,175 shares during the period. CrowdStrike comprises about 1.0% of Black Swift Group LLC's portfolio, making the stock its 20th largest position. Black Swift Group LLC's holdings in CrowdStrike were worth $4,527,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of CrowdStrike by 2.0% in the first quarter. Vanguard Group Inc. now owns 16,061,400 shares of the company's stock valued at $5,149,124,000 after buying an additional 315,280 shares in the last quarter. Legal & General Group Plc boosted its stake in CrowdStrike by 3.0% in the second quarter. Legal & General Group Plc now owns 2,049,704 shares of the company's stock valued at $785,425,000 after buying an additional 60,607 shares in the last quarter. Ameriprise Financial Inc. grew its position in CrowdStrike by 4.4% in the second quarter. Ameriprise Financial Inc. now owns 1,817,387 shares of the company's stock valued at $696,471,000 after acquiring an additional 77,100 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of CrowdStrike by 47.5% in the second quarter. Bank of New York Mellon Corp now owns 1,753,252 shares of the company's stock worth $671,828,000 after acquiring an additional 564,662 shares during the last quarter. Finally, Federated Hermes Inc. grew its holdings in shares of CrowdStrike by 0.9% during the 2nd quarter. Federated Hermes Inc. now owns 1,112,272 shares of the company's stock valued at $426,212,000 after purchasing an additional 9,564 shares during the last quarter. Institutional investors and hedge funds own 71.16% of the company's stock.

Analysts Set New Price Targets

A number of analysts have weighed in on CRWD shares. Hsbc Global Res upgraded shares of CrowdStrike from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 30th. The Goldman Sachs Group lowered their target price on CrowdStrike from $400.00 to $295.00 and set a "buy" rating for the company in a report on Thursday, August 15th. Truist Financial reissued a "buy" rating and set a $325.00 price target on shares of CrowdStrike in a research note on Wednesday, August 28th. JPMorgan Chase & Co. lowered their price objective on CrowdStrike from $400.00 to $330.00 and set an "overweight" rating for the company in a research note on Monday, July 29th. Finally, Westpark Capital reiterated a "hold" rating on shares of CrowdStrike in a research report on Thursday, September 19th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-one have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $328.74.

CrowdStrike Stock Performance

CrowdStrike stock traded down $3.52 during trading hours on Thursday, hitting $344.36. The stock had a trading volume of 2,578,059 shares, compared to its average volume of 5,031,151. The company has a 50-day moving average of $294.23 and a two-hundred day moving average of $309.66. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.26. CrowdStrike Holdings, Inc. has a fifty-two week low of $198.86 and a fifty-two week high of $398.33. The company has a market cap of $84.41 billion, a PE ratio of 505.57, a price-to-earnings-growth ratio of 23.22 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released its 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 return on equity of 8.44% and a net margin of 4.84%. The company had revenue of $963.87 million during the quarter, compared to analysts' expectations of $958.27 million. During the same period last year, the firm earned $0.06 EPS. The business's revenue for the quarter was up 31.7% on a year-over-year basis. On average, equities research analysts anticipate that CrowdStrike Holdings, Inc. will post 0.52 EPS for the current fiscal year.

Insider Activity at CrowdStrike

In other news, Director Sameer K. Gandhi sold 5,036 shares of the company'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 transaction, the director now owns 816,730 shares of the company's stock, valued at approximately $261,745,630.40. This represents a 0.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Shawn Henry sold 4,500 shares of the firm's stock in a transaction that occurred on 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 transaction, 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. In the last quarter, insiders have sold 104,248 shares of company stock valued at $31,103,350. 4.34% of the stock is owned by insiders.

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.