CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Stock Position Lowered by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC lessened its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 94.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,915 shares of the company's stock after selling 69,886 shares during the quarter. Los Angeles Capital Management LLC's holdings in CrowdStrike were worth $1,098,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the business. Vanguard Group Inc. boosted its holdings in CrowdStrike by 2.0% during the first quarter. Vanguard Group Inc. now owns 16,061,400 shares of the company's stock worth $5,149,124,000 after buying an additional 315,280 shares in the last quarter. Legal & General Group Plc increased its stake in CrowdStrike by 3.0% in the 2nd quarter. Legal & General Group Plc now owns 2,049,704 shares of the company's stock valued at $785,425,000 after purchasing an additional 60,607 shares in the last quarter. Ameriprise Financial Inc. boosted its position in CrowdStrike by 4.4% during the second quarter. Ameriprise Financial Inc. now owns 1,817,387 shares of the company's stock worth $696,471,000 after purchasing an additional 77,100 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in 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 valued at $671,828,000 after purchasing an additional 564,662 shares during the last quarter. Finally, Federated Hermes Inc. increased its position in shares of 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 in the last quarter. 71.16% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at CrowdStrike

In related news, Director Sameer K. Gandhi sold 5,036 shares of the 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 transaction, the director now directly owns 816,730 shares of the company's stock, valued at $261,745,630.40. This represents a 0.61 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Shawn Henry sold 4,500 shares of the business's stock in a transaction 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 transaction, the insider now owns 174,591 shares of the company's stock, valued at $45,521,111.43. This trade represents a 2.51 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 104,248 shares of company stock worth $31,103,350. Insiders own 4.34% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CRWD. Canaccord Genuity Group reissued a "buy" rating and issued a $330.00 price objective on shares of CrowdStrike in a research note on Monday, September 30th. The Goldman Sachs Group cut their price objective on CrowdStrike from $400.00 to $295.00 and set a "buy" rating for the company in a research report on Thursday, August 15th. Sanford C. Bernstein lowered their target price on CrowdStrike from $334.00 to $327.00 and set an "outperform" rating on the stock in a report on Thursday, September 5th. Hsbc Global Res raised CrowdStrike from a "hold" rating to a "strong-buy" rating in a report on Friday, August 30th. Finally, KeyCorp increased their price objective on CrowdStrike from $300.00 to $345.00 and gave the company an "overweight" rating in a research note on Monday, September 23rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-one have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, CrowdStrike has an average rating of "Moderate Buy" and an average price target of $328.74.

CrowdStrike Stock Performance

CRWD traded down $9.93 on Friday, hitting $334.43. 2,266,276 shares of the company's stock were exchanged, compared to its average volume of 5,018,725. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.26. The stock has a fifty day moving average of $295.99 and a two-hundred day moving average of $309.90. CrowdStrike Holdings, Inc. has a twelve month low of $198.86 and a twelve month high of $398.33. The firm has a market cap of $81.98 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 announced its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.07. The business had revenue of $963.87 million for 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 business's revenue was up 31.7% on a year-over-year basis. During the same quarter last year, the business posted $0.06 EPS. On average, research analysts anticipate that CrowdStrike Holdings, Inc. will post 0.52 earnings per share for the current fiscal year.

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.