Renaissance Technologies LLC Has $177.79 Million Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Renaissance Technologies LLC lessened its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 57.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 463,983 shares of the company's stock after selling 630,300 shares during the period. Renaissance Technologies LLC owned about 0.19% of CrowdStrike worth $177,794,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Trivant Custom Portfolio Group LLC acquired a new position in CrowdStrike in the 1st quarter worth about $30,000. Family Firm Inc. bought a new position in shares of CrowdStrike during the 2nd quarter valued at $30,000. Johnson Financial Group Inc. acquired a new stake in shares of CrowdStrike in the 4th quarter valued at $31,000. Northwest Bank & Trust Co bought a new stake in CrowdStrike in the fourth quarter worth $32,000. Finally, Future Financial Wealth Managment LLC acquired a new position in CrowdStrike during the first quarter worth $32,000. Hedge funds and other institutional investors own 71.16% of the company's stock.

Insider Transactions at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $260.00, for a total value of $1,040,000.00. Following the transaction, the insider now owns 179,091 shares of the company's stock, valued at $46,563,660. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CAO Anurag Saha sold 1,662 shares of the firm's stock in a transaction on Friday, June 21st. The stock was sold at an average price of $380.63, for a total transaction of $632,607.06. Following the sale, the chief accounting officer now owns 40,645 shares of the company's stock, valued at approximately $15,470,706.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Shawn Henry sold 4,000 shares of the business's stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $260.00, for a total value of $1,040,000.00. Following the completion of the transaction, the insider now directly owns 179,091 shares of the company's stock, valued at $46,563,660. The disclosure for this sale can be found here. Insiders have sold 125,719 shares of company stock worth $47,133,109 in the last three months. Insiders own 4.34% of the company's stock.

CrowdStrike Trading Up 3.3 %

Shares of CRWD traded up $8.68 during trading hours on Monday, hitting $267.81. 3,693,428 shares of the stock traded hands, compared to its average volume of 5,327,312. The firm has a market capitalization of $65.17 billion, a PE ratio of 505.57, a price-to-earnings-growth ratio of 16.14 and a beta of 1.09. CrowdStrike Holdings, Inc. has a 1-year low of $157.59 and a 1-year high of $398.33. 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 business has a fifty day moving average of $276.14 and a 200-day moving average of $313.67.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $958.27 million. During the same quarter in the previous year, the company earned $0.06 EPS. CrowdStrike's revenue was up 31.7% on a year-over-year basis. Analysts expect that CrowdStrike Holdings, Inc. will post 0.56 EPS for the current year.

Wall Street Analyst Weigh In

CRWD has been the topic of several analyst reports. KeyCorp lowered their price target on CrowdStrike from $440.00 to $420.00 and set an "overweight" rating on the stock in a report on Wednesday, July 17th. Citigroup cut their target price on shares of CrowdStrike from $345.00 to $300.00 and set a "buy" rating for the company in a research report on Wednesday, August 14th. FBN Securities raised CrowdStrike to a "strong-buy" rating in a research report on Wednesday, June 5th. Argus dropped their price objective on CrowdStrike from $400.00 to $325.00 and set a "buy" rating on the stock in a research note on Friday, August 30th. Finally, Oppenheimer decreased their target price on CrowdStrike from $450.00 to $365.00 and set an "outperform" rating for the company in a research note on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-three have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $327.16.

CrowdStrike 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.