Victory Capital Management Inc. Sells 16,888 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Victory Capital Management Inc. lowered its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWDFree Report) by 7.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 201,806 shares of the company’s stock after selling 16,888 shares during the quarter. Victory Capital Management Inc.’s holdings in CrowdStrike were worth $51,525,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Chevy Chase Trust Holdings LLC increased its position in shares of CrowdStrike by 9.1% during the 3rd quarter. Chevy Chase Trust Holdings LLC now owns 3,346 shares of the company’s stock valued at $560,000 after purchasing an additional 280 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in CrowdStrike by 4.4% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 106,102 shares of the company’s stock valued at $17,759,000 after buying an additional 4,448 shares during the last quarter. J.W. Cole Advisors Inc. increased its holdings in CrowdStrike by 3.2% during the third quarter. J.W. Cole Advisors Inc. now owns 4,260 shares of the company’s stock valued at $713,000 after buying an additional 133 shares during the last quarter. Bank of New York Mellon Corp raised its position in CrowdStrike by 13.9% in the third quarter. Bank of New York Mellon Corp now owns 1,303,025 shares of the company’s stock worth $218,100,000 after acquiring an additional 159,226 shares during the period. Finally, Brown Advisory Inc. boosted its stake in shares of CrowdStrike by 8.8% during the 3rd quarter. Brown Advisory Inc. now owns 94,638 shares of the company’s stock worth $15,841,000 after acquiring an additional 7,669 shares during the last quarter. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Cantor Fitzgerald restated an “overweight” rating and issued a $400.00 price objective on shares of CrowdStrike in a research note on Wednesday, April 17th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $400.00 price objective on shares of CrowdStrike in a research note on Monday, April 8th. Morgan Stanley lifted their price objective on CrowdStrike from $304.00 to $372.00 and gave the company an “overweight” rating in a research report on Wednesday, March 13th. Raymond James began coverage on shares of CrowdStrike in a report on Tuesday, January 30th. They issued an “outperform” rating and a $330.00 target price for the company. Finally, Citigroup lifted their price target on shares of CrowdStrike from $320.00 to $425.00 and gave the company a “buy” rating in a report on Thursday, March 7th. One equities research analyst has rated the stock with a hold rating and thirty-seven have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $371.87.

Read Our Latest Stock Analysis on CRWD

CrowdStrike Stock Up 2.2 %

Shares of NASDAQ CRWD opened at $310.21 on Friday. The stock has a market capitalization of $75.03 billion, a price-to-earnings ratio of 861.72, a P/E/G ratio of 12.41 and a beta of 1.08. CrowdStrike Holdings, Inc. has a 12-month low of $117.45 and a 12-month high of $365.00. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.32. The firm’s 50-day moving average price is $313.47 and its 200-day moving average price is $272.11.

CrowdStrike (NASDAQ:CRWDGet Free Report) last issued its quarterly earnings data on Tuesday, March 5th. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.06. The business had revenue of $845.34 million for the quarter, compared to the consensus estimate of $839.08 million. CrowdStrike had a return on equity of 6.09% and a net margin of 2.92%. On average, equities research analysts anticipate that CrowdStrike Holdings, Inc. will post 1.12 EPS for the current fiscal year.

Insider Activity at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 14,815 shares of CrowdStrike stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $325.85, for a total transaction of $4,827,467.75. Following the completion of the transaction, the insider now directly owns 235,850 shares of the company’s stock, valued at $76,851,722.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CAO Anurag Saha sold 1,019 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $325.80, for a total transaction of $331,990.20. Following the transaction, the chief accounting officer now owns 36,136 shares of the company’s stock, valued at $11,773,108.80. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Shawn Henry sold 14,815 shares of the stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $325.85, for a total value of $4,827,467.75. Following the completion of the sale, the insider now owns 235,850 shares in the company, valued at $76,851,722.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 223,544 shares of company stock worth $72,113,932. Company insiders own 5.68% of the company’s stock.

About CrowdStrike

(Free Report)

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.

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Institutional Ownership by Quarter for CrowdStrike (NASDAQ:CRWD)

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