Ferguson Wellman Capital Management Inc. Lowers Stock Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Ferguson Wellman Capital Management Inc. reduced its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 6.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 147,728 shares of the company's stock after selling 11,024 shares during the quarter. Ferguson Wellman Capital Management Inc. owned 0.06% of CrowdStrike worth $41,433,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Burney Co. purchased a new stake in shares of CrowdStrike in the first quarter valued at approximately $1,342,000. Doliver Advisors LP increased its position in shares of CrowdStrike by 223.2% in the third quarter. Doliver Advisors LP now owns 6,754 shares of the company's stock valued at $1,894,000 after buying an additional 4,664 shares in the last quarter. HWG Holdings LP purchased a new stake in shares of CrowdStrike in the second quarter valued at approximately $2,955,000. Principal Financial Group Inc. increased its position in shares of CrowdStrike by 429.2% in the second quarter. Principal Financial Group Inc. now owns 298,443 shares of the company's stock valued at $114,360,000 after buying an additional 242,052 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. increased its position in shares of CrowdStrike by 24.3% in the second quarter. Newbridge Financial Services Group Inc. now owns 10,060 shares of the company's stock valued at $3,855,000 after buying an additional 1,966 shares in the last quarter. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on CRWD shares. Raymond James cut their price objective on CrowdStrike from $380.00 to $275.00 and set an "outperform" rating for the company in a research report on Thursday, August 29th. BNP Paribas began coverage on CrowdStrike in a research report on Tuesday, October 8th. They set a "neutral" rating and a $285.00 price target for the company. Barclays boosted their price target on CrowdStrike from $285.00 to $295.00 and gave the stock an "overweight" rating in a research report on Thursday, August 29th. Hsbc Global Res upgraded CrowdStrike from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 30th. Finally, Sanford C. Bernstein dropped their price target on CrowdStrike from $334.00 to $327.00 and set an "outperform" rating for the company in a research report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-one have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $328.74.

Insider Transactions at CrowdStrike

In other news, insider Shawn Henry sold 4,000 shares of the firm's stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $260.00, for a total transaction of $1,040,000.00. Following the sale, the insider now owns 179,091 shares of the company's stock, valued at approximately $46,563,660. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $260.00, for a total transaction 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 trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Anurag Saha sold 1,683 shares of CrowdStrike stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $297.28, for a total value of $500,322.24. Following the transaction, the chief accounting officer now directly owns 38,962 shares in the company, valued at approximately $11,582,623.36. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 103,212 shares of company stock valued at $30,529,413. Corporate insiders own 4.34% of the company's stock.

CrowdStrike Stock Down 0.1 %

NASDAQ CRWD traded down $0.19 during trading hours on Friday, hitting $310.15. 2,897,118 shares of the company were exchanged, compared to its average volume of 5,201,307. The company has a 50 day moving average of $276.25 and a two-hundred day moving average of $308.28. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.26. CrowdStrike Holdings, Inc. has a 52-week low of $170.17 and a 52-week high of $398.33. The firm has a market cap of $75.48 billion, a price-to-earnings ratio of 585.19, a PEG ratio of 19.94 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 EPS for the quarter, beating analysts' consensus estimates of $0.97 by $0.07. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The business had revenue of $963.87 million for the quarter, compared to the consensus estimate of $958.27 million. During the same quarter in the prior year, the business posted $0.06 EPS. The business's revenue for the quarter was up 31.7% on a year-over-year basis. Equities research analysts anticipate that CrowdStrike Holdings, Inc. will post 0.53 earnings per share for the current year.

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.