Plato Investment Management Ltd Sells 2,509 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Plato Investment Management Ltd trimmed its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 55.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,030 shares of the company's stock after selling 2,509 shares during the quarter. Plato Investment Management Ltd's holdings in CrowdStrike were worth $569,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of CRWD. Arlington Financial Advisors LLC grew its stake in shares of CrowdStrike by 1.5% in the second quarter. Arlington Financial Advisors LLC now owns 2,030 shares of the company's stock worth $778,000 after purchasing an additional 30 shares during the last quarter. Saturna Capital Corp raised its stake in shares of CrowdStrike by 2.7% in the first quarter. Saturna Capital Corp now owns 1,273 shares of the company's stock valued at $408,000 after buying an additional 33 shares during the period. Sunpointe LLC lifted its position in shares of CrowdStrike by 3.1% during the third quarter. Sunpointe LLC now owns 1,131 shares of the company's stock worth $317,000 after acquiring an additional 34 shares in the last quarter. Means Investment CO. Inc. raised its holdings in shares of CrowdStrike by 1.8% in the 2nd quarter. Means Investment CO. Inc. now owns 1,933 shares of the company's stock valued at $741,000 after acquiring an additional 35 shares in the last quarter. Finally, Interchange Capital Partners LLC lifted its stake in CrowdStrike by 1.1% during the third quarter. Interchange Capital Partners LLC now owns 3,694 shares of the company's stock worth $1,036,000 after purchasing an additional 39 shares during the last quarter. Institutional investors and hedge funds own 71.16% of the company's stock.

CrowdStrike Stock Down 2.2 %

CRWD traded down $7.61 during midday trading on Friday, hitting $336.75. 3,457,968 shares of the company's stock traded hands, compared to its average volume of 5,024,086. CrowdStrike Holdings, Inc. has a one year low of $198.86 and a one year high of $398.33. The stock's fifty day simple moving average is $295.99 and its 200-day simple moving average is $309.90. 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 cap of $82.55 billion, a PE ratio of 487.16, a price-to-earnings-growth ratio of 23.52 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, beating analysts' consensus estimates of $0.97 by $0.07. The company had revenue of $963.87 million for the quarter, compared to analyst estimates of $958.27 million. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The company's quarterly revenue was up 31.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.06 earnings per share. As a group, equities analysts anticipate that CrowdStrike Holdings, Inc. will post 0.52 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on CRWD shares. TD Cowen reduced their price objective on shares of CrowdStrike from $400.00 to $380.00 and set a "buy" rating on the stock in a research report on Thursday, August 29th. JMP Securities reaffirmed a "market outperform" rating and issued a $400.00 price objective on shares of CrowdStrike in a report on Monday, November 4th. Raymond James lowered their target price on CrowdStrike from $380.00 to $275.00 and set an "outperform" rating on the stock in a research report on Thursday, August 29th. Wells Fargo & Company cut their price objective on CrowdStrike from $435.00 to $350.00 and set an "overweight" rating for the company in a research report on Monday, July 22nd. Finally, Royal Bank of Canada lowered their price target on CrowdStrike from $345.00 to $335.00 and set an "outperform" rating for the company in a research report on Thursday, August 29th. One investment 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 issued a strong buy rating to the stock. According to MarketBeat.com, CrowdStrike has a consensus rating of "Moderate Buy" and a consensus price target of $328.74.

Insider Activity

In related news, CEO George Kurtz sold 55,325 shares of the 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 completion of the sale, the chief executive officer now owns 1,109,746 shares in the company, valued at $329,172,858.52. This trade represents a 4.75 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Shawn Henry sold 4,500 shares of CrowdStrike stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $260.73, for a total transaction of $1,173,285.00. Following the completion of 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 ninety days, insiders have sold 104,248 shares of company stock worth $31,103,350. Company insiders own 4.34% of the company's stock.

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.