Pacer Advisors Inc. Sells 2,149 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Pacer Advisors Inc. lowered its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 5.7% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 35,767 shares of the company's stock after selling 2,149 shares during the quarter. Pacer Advisors Inc.'s holdings in CrowdStrike were worth $10,032,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Quent Capital LLC raised its stake in CrowdStrike by 59.9% in the 1st quarter. Quent Capital LLC now owns 235 shares of the company's stock worth $75,000 after purchasing an additional 88 shares in the last quarter. Axxcess Wealth Management LLC increased its holdings in shares of CrowdStrike by 81.5% during the first quarter. Axxcess Wealth Management LLC now owns 1,541 shares of the company's stock worth $494,000 after purchasing an additional 692 shares during the period. Advisors Asset Management Inc. raised its position in shares of CrowdStrike by 3.4% in the first quarter. Advisors Asset Management Inc. now owns 7,754 shares of the company's stock valued at $2,486,000 after buying an additional 253 shares in the last quarter. Canada Pension Plan Investment Board boosted its stake in shares of CrowdStrike by 622.3% in the first quarter. Canada Pension Plan Investment Board now owns 101,364 shares of the company's stock valued at $32,496,000 after buying an additional 87,330 shares during the period. Finally, Lazard Asset Management LLC grew its position in CrowdStrike by 118.9% during the first quarter. Lazard Asset Management LLC now owns 29,819 shares of the company's stock worth $9,558,000 after buying an additional 16,197 shares in the last quarter. Institutional investors own 71.16% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CRWD. Robert W. Baird cut their target price on CrowdStrike from $335.00 to $315.00 and set an "outperform" rating for the company in a research report on Thursday, August 29th. DA Davidson reaffirmed a "buy" rating and set a $310.00 price objective on shares of CrowdStrike in a research report on Wednesday, September 18th. JPMorgan Chase & Co. decreased their target price on shares of CrowdStrike from $400.00 to $330.00 and set an "overweight" rating on the stock in a report on Monday, July 29th. Barclays upped their price target on shares of CrowdStrike from $295.00 to $372.00 and gave the stock an "overweight" rating in a report on Monday, November 18th. Finally, Westpark Capital reissued a "hold" rating on shares of CrowdStrike in a research note on Thursday, September 19th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, thirty have assigned a buy rating and four have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $335.62.

CrowdStrike Trading Up 4.1 %

NASDAQ:CRWD opened at $372.26 on Friday. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week high of $398.33. The firm's fifty day moving average is $308.04 and its 200-day moving average is $311.91. The firm has a market cap of $91.25 billion, a P/E ratio of 539.51, a P/E/G ratio of 25.88 and a beta of 1.10. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.90 and a current ratio of 1.90.

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. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The firm had revenue of $963.87 million during the quarter, compared to the consensus estimate of $958.27 million. During the same period last year, the business posted $0.06 EPS. The business's revenue was up 31.7% compared to the same quarter last year. Equities analysts expect that CrowdStrike Holdings, Inc. will post 0.49 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO George Kurtz sold 55,325 shares of the company's stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $296.62, for a total transaction of $16,410,501.50. Following the transaction, the chief executive officer now owns 1,109,746 shares in the company, valued at approximately $329,172,858.52. This represents a 4.75 % decrease in their ownership of the stock. 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 firm's stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $340.44, for a total value of $1,361,760.00. Following the completion of the sale, the insider now owns 120,298 shares of the company's stock, valued at approximately $40,954,251.12. This represents a 3.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 108,248 shares of company stock valued at $32,465,110 over the last 90 days. Company insiders own 4.34% of the company's stock.

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.