Empowered Funds LLC Has $5.89 Million Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Empowered Funds LLC lessened its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 25.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,988 shares of the company's stock after selling 7,014 shares during the quarter. Empowered Funds LLC's holdings in CrowdStrike were worth $5,887,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. Abich Financial Wealth Management LLC acquired a new stake in CrowdStrike in the 2nd quarter valued at $25,000. Oakworth Capital Inc. acquired a new position in shares of CrowdStrike during the third quarter valued at $28,000. Tsfg LLC lifted its stake in shares of CrowdStrike by 593.3% during 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 valued at about $30,000. Finally, Castleview Partners LLC acquired a new position in CrowdStrike in the third quarter valued at about $32,000. Institutional investors and hedge funds own 71.16% of the company's stock.

Insider Buying and Selling at CrowdStrike

In other news, insider Shawn Henry sold 4,500 shares of the business's stock in a transaction dated 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 transaction, the insider now directly owns 174,591 shares of the company's stock, valued at $45,521,111.43. The trade was a 2.51 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Sameer K. Gandhi sold 5,036 shares of the business's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $320.48, for a total value of $1,613,937.28. Following the completion of the transaction, the director now directly owns 816,730 shares in the company, valued at $261,745,630.40. This represents a 0.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 108,248 shares of company stock worth $32,465,110. Insiders own 4.34% of the company's stock.

CrowdStrike Price Performance

Shares of CRWD traded down $7.61 during midday trading on Friday, hitting $336.75. The company's stock had a trading volume of 3,460,547 shares, compared to its average volume of 3,206,090. CrowdStrike Holdings, Inc. has a one year low of $198.86 and a one year high of $398.33. The company's fifty day simple moving average is $297.79 and its two-hundred day simple moving average is $310.36. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $82.55 billion, a price-to-earnings ratio of 488.04, a price-to-earnings-growth ratio of 22.77 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, topping analysts' consensus estimates of $0.97 by $0.07. The business had revenue of $963.87 million for the quarter, compared to analyst estimates 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 quarter in the previous year, the company posted $0.06 EPS. As a group, equities analysts expect that CrowdStrike Holdings, Inc. will post 0.52 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Wedbush set a $330.00 target price on CrowdStrike in a research note on Thursday, October 17th. Canaccord Genuity Group reiterated a "buy" rating and set a $330.00 price objective on shares of CrowdStrike in a report on Monday, September 30th. Argus decreased their price objective on CrowdStrike from $400.00 to $325.00 and set a "buy" rating for the company in a report on Friday, August 30th. Susquehanna reiterated a "positive" rating and set a $310.00 price objective on shares of CrowdStrike in a report on Thursday, September 19th. Finally, Cantor Fitzgerald reiterated an "overweight" rating and set a $350.00 price objective on shares of CrowdStrike in a report on Thursday, September 19th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-one have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat.com, CrowdStrike currently has an average rating of "Moderate Buy" and a consensus target price of $328.74.

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.