Prospera Financial Services Inc Sells 16,326 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Prospera Financial Services Inc cut its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 60.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,519 shares of the company's stock after selling 16,326 shares during the quarter. Prospera Financial Services Inc's holdings in CrowdStrike were worth $2,950,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Arlington Financial Advisors LLC raised its holdings in CrowdStrike by 1.5% in the 2nd quarter. Arlington Financial Advisors LLC now owns 2,030 shares of the company's stock valued at $778,000 after acquiring an additional 30 shares in the last quarter. Sunpointe LLC raised its holdings in shares of CrowdStrike by 3.1% during the 3rd quarter. Sunpointe LLC now owns 1,131 shares of the company's stock worth $317,000 after buying an additional 34 shares in the last quarter. Means Investment CO. Inc. raised its holdings in shares of CrowdStrike by 1.8% during the 2nd quarter. Means Investment CO. Inc. now owns 1,933 shares of the company's stock worth $741,000 after buying an additional 35 shares in the last quarter. Interchange Capital Partners LLC raised its holdings in shares of CrowdStrike by 1.1% during the 3rd quarter. Interchange Capital Partners LLC now owns 3,694 shares of the company's stock worth $1,036,000 after buying an additional 39 shares in the last quarter. Finally, JFS Wealth Advisors LLC raised its holdings in shares of CrowdStrike by 9.1% during the 3rd quarter. JFS Wealth Advisors LLC now owns 478 shares of the company's stock worth $134,000 after buying an additional 40 shares in the last quarter. 71.16% of the stock is currently owned by institutional investors.

CrowdStrike Stock Down 0.9 %

Shares of NASDAQ:CRWD opened at $350.15 on Thursday. The firm has a market cap of $85.83 billion, a P/E ratio of 507.46, a PEG ratio of 23.89 and a beta of 1.10. CrowdStrike Holdings, Inc. has a 52-week low of $200.81 and a 52-week high of $398.33. The business's 50 day simple moving average is $303.76 and its two-hundred day simple moving average is $311.21. 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 (NASDAQ:CRWD - Get Free Report) last issued its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, topping the consensus estimate of $0.97 by $0.07. The firm 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%. The company's quarterly revenue was up 31.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.06 earnings per share. As a group, research analysts forecast that CrowdStrike Holdings, Inc. will post 0.52 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on CRWD shares. Westpark Capital reissued a "hold" rating on shares of CrowdStrike in a report on Thursday, September 19th. Royal Bank of Canada lowered their price target on CrowdStrike from $345.00 to $335.00 and set an "outperform" rating for the company in a report on Thursday, August 29th. Canaccord Genuity Group reaffirmed a "buy" rating and issued a $330.00 target price on shares of CrowdStrike in a report on Monday, September 30th. Jefferies Financial Group upped their target price on CrowdStrike from $315.00 to $345.00 and gave the stock a "buy" rating in a report on Tuesday, September 24th. Finally, Hsbc Global Res raised CrowdStrike from a "hold" rating to a "strong-buy" rating in a report on Friday, August 30th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, thirty-one have assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, CrowdStrike presently has a consensus rating of "Moderate Buy" and an average price target of $333.82.

Insider Transactions at CrowdStrike

In related news, insider Shawn Henry sold 4,500 shares of the 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 completion of the sale, the insider now directly owns 174,591 shares of the company's stock, valued at approximately $45,521,111.43. This trade represents a 2.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Anurag Saha sold 1,683 shares of the stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $297.28, for a total value of $500,322.24. Following the sale, the chief accounting officer now directly owns 38,962 shares of the company's stock, valued at $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. Insiders sold a total of 108,248 shares of company stock valued at $32,465,110 over the last ninety days. 4.34% of the stock is currently 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.