Financial Counselors Inc. Trims Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Financial Counselors Inc. trimmed its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 1.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,733 shares of the company’s stock after selling 40 shares during the quarter. Financial Counselors Inc.’s holdings in CrowdStrike were worth $1,047,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Abich Financial Wealth Management LLC bought a new position in CrowdStrike during the 2nd quarter worth about $25,000. Oakworth Capital Inc. purchased a new stake in shares of CrowdStrike in the 3rd quarter worth approximately $28,000. Tsfg LLC boosted its stake in shares of CrowdStrike by 593.3% during the third quarter. Tsfg LLC now owns 104 shares of the company’s stock valued at $29,000 after purchasing an additional 89 shares in the last quarter. Family Firm Inc. purchased a new position in CrowdStrike during the second quarter valued at approximately $30,000. Finally, Castleview Partners LLC purchased a new stake in CrowdStrike during the third quarter worth $32,000. Institutional investors own 71.16% of the company’s stock.

Insider Transactions at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 1,683 shares of the company’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $297.28, for a total transaction of $500,322.24. Following the completion of the transaction, the chief accounting officer now directly owns 38,962 shares in the company, valued at approximately $11,582,623.36. This represents a 4.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $340.44, for a total transaction of $1,361,760.00. Following the completion of the sale, the insider now owns 120,298 shares in the company, valued at approximately $40,954,251.12. This trade represents a 3.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 108,248 shares of company stock valued at $32,465,110 in the last ninety days. 4.34% of the stock is currently owned by corporate insiders.

CrowdStrike Price Performance

Shares of NASDAQ CRWD opened at $345.97 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.90. The stock has a market capitalization of $84.81 billion, a price-to-earnings ratio of 678.39, a PEG ratio of 25.16 and a beta of 1.10. The firm’s 50 day simple moving average is $315.80 and its 200-day simple moving average is $313.20. CrowdStrike Holdings, Inc. has a 12 month low of $200.81 and a 12 month high of $398.33.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, beating the consensus estimate 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 3.39% and a return on equity of 7.11%. The firm’s revenue was up 31.7% on a year-over-year basis. During the same quarter last year, the business earned $0.06 earnings per share. Analysts expect that CrowdStrike Holdings, Inc. will post 0.49 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on CRWD shares. CICC Research started coverage on CrowdStrike in a report on Monday, November 18th. They issued a “market perform” rating and a $295.00 price target on the stock. Cantor Fitzgerald lifted their target price on CrowdStrike from $350.00 to $370.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. Scotiabank decreased their price target on shares of CrowdStrike from $300.00 to $265.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 14th. Westpark Capital restated a “hold” rating on shares of CrowdStrike in a report on Monday, November 25th. Finally, Piper Sandler boosted their price objective on shares of CrowdStrike from $290.00 to $375.00 and gave the stock an “overweight” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $355.80.

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.