CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Sold by KBC Group NV

KBC Group NV decreased its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 4.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 114,039 shares of the company's stock after selling 4,713 shares during the quarter. KBC Group NV's holdings in CrowdStrike were worth $31,985,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of CRWD. Vanguard Group Inc. increased its stake 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 worth $5,149,124,000 after purchasing an additional 315,280 shares during the period. Legal & General Group Plc raised its holdings in shares of 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 during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of 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 purchasing an additional 77,100 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in CrowdStrike by 47.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,753,252 shares of the company's stock worth $671,828,000 after purchasing an additional 564,662 shares during the last quarter. Finally, Federated Hermes Inc. lifted its stake in CrowdStrike by 0.9% in the second quarter. Federated Hermes Inc. now owns 1,112,272 shares of the company's stock valued at $426,212,000 after buying an additional 9,564 shares during the period. Hedge funds and other institutional investors own 71.16% of the company's stock.

Insider Buying and Selling at CrowdStrike

In other news, CAO Anurag Saha sold 1,683 shares of the business's stock in a transaction dated 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 in the company, valued at $11,582,623.36. The trade was a 4.14 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Shawn Henry sold 4,500 shares of the company's stock in a transaction that occurred on Monday, September 16th. The shares were 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 in the company, valued at approximately $45,521,111.43. This represents a 2.51 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 104,248 shares of company stock valued at $31,103,350. 4.34% of the stock is currently owned by company insiders.

CrowdStrike Price Performance

Shares of NASDAQ CRWD traded down $7.61 during trading hours on Friday, hitting $336.75. 3,457,968 shares of the stock were exchanged, compared to its average volume of 5,024,086. The company's fifty day simple moving average is $295.99 and its two-hundred day simple moving average is $309.90. CrowdStrike Holdings, Inc. has a 1-year low of $198.86 and a 1-year high of $398.33. 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 company has a market cap of $82.55 billion, a PE ratio of 487.16, a price-to-earnings-growth ratio of 23.52 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.97 by $0.07. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The company had revenue of $963.87 million for the quarter, compared to analysts' expectations of $958.27 million. During the same quarter in the prior year, the firm earned $0.06 EPS. The business's revenue was up 31.7% on a year-over-year basis. On average, sell-side analysts predict that CrowdStrike Holdings, Inc. will post 0.52 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Guggenheim cut shares of CrowdStrike from a "buy" rating to a "neutral" rating in a research note on Monday, July 22nd. The Goldman Sachs Group reduced their target price on CrowdStrike from $400.00 to $295.00 and set a "buy" rating on the stock in a report on Thursday, August 15th. Jefferies Financial Group upped their price objective on CrowdStrike from $315.00 to $345.00 and gave the stock a "buy" rating in a research report on Tuesday, September 24th. JMP Securities reaffirmed a "market outperform" rating and set a $400.00 target price on shares of CrowdStrike in a research note on Monday, November 4th. Finally, Scotiabank lowered their price objective on CrowdStrike from $300.00 to $265.00 and set a "sector perform" rating for the company in a research note on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-one have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target 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.