Oppenheimer & Co. Inc. Reduces Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Oppenheimer & Co. Inc. lessened its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 24.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,059 shares of the company's stock after selling 12,442 shares during the quarter. Oppenheimer & Co. Inc.'s holdings in CrowdStrike were worth $10,674,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in CRWD. Vanguard Group Inc. raised its position 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 acquiring an additional 315,280 shares in the last quarter. Legal & General Group Plc grew its stake 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 acquiring an additional 60,607 shares in the last quarter. Ameriprise Financial Inc. grew its stake 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 acquiring an additional 77,100 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of 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 acquiring an additional 564,662 shares in the last quarter. Finally, Federated Hermes Inc. grew its stake 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 acquiring an additional 9,564 shares in the last quarter. Institutional investors own 71.16% of the company's stock.

Insider Buying and Selling at CrowdStrike

In related news, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO George Kurtz sold 55,325 shares of the company's stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $296.62, for a total transaction of $16,410,501.50. Following the completion of the transaction, the chief executive officer now owns 1,109,746 shares in the company, valued at approximately $329,172,858.52. This trade represents a 4.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 104,248 shares of company stock valued at $31,103,350 over the last three months. 4.34% of the stock is currently owned by insiders.

CrowdStrike Stock Down 1.0 %

Shares of NASDAQ CRWD traded down $3.52 during trading on Thursday, hitting $344.36. The stock had a trading volume of 2,578,059 shares, compared to its average volume of 5,031,151. CrowdStrike Holdings, Inc. has a 12 month low of $198.86 and a 12 month high of $398.33. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.90 and a quick ratio of 1.90. The company has a market capitalization of $84.41 billion, a PE ratio of 505.57, a PEG ratio of 23.22 and a beta of 1.10. The firm has a fifty day moving average of $294.23 and a two-hundred day moving average of $309.66.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its quarterly earnings results 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 company had revenue of $963.87 million for the quarter, compared to the consensus estimate of $958.27 million. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The firm's quarterly revenue was up 31.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.06 EPS. As a group, equities research analysts forecast that CrowdStrike Holdings, Inc. will post 0.52 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CRWD has been the topic of several research reports. The Goldman Sachs Group decreased their price target on shares of CrowdStrike from $400.00 to $295.00 and set a "buy" rating on the stock in a research note on Thursday, August 15th. Piper Sandler reaffirmed an "overweight" rating and set a $290.00 price target on shares of CrowdStrike in a report on Thursday, September 19th. BNP Paribas started coverage on shares of CrowdStrike in a research report on Tuesday, October 8th. They set a "neutral" rating and a $285.00 target price on the stock. Needham & Company LLC started coverage on shares of CrowdStrike in a research report on Monday, September 23rd. They set a "buy" rating and a $360.00 target price on the stock. Finally, DA Davidson reiterated a "buy" rating and set a $310.00 target price on shares of CrowdStrike in a research report on Wednesday, September 18th. One analyst has rated the stock with a sell rating, six have given a hold rating, thirty-one have assigned a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus 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.