CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Sold by Main Street Financial Solutions LLC

Main Street Financial Solutions LLC lessened its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 13.3% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 1,626 shares of the company’s stock after selling 249 shares during the quarter. Main Street Financial Solutions LLC’s holdings in CrowdStrike were worth $456,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Quent Capital LLC increased its stake in CrowdStrike by 59.9% in the first quarter. Quent Capital LLC now owns 235 shares of the company’s stock valued at $75,000 after purchasing an additional 88 shares during the last quarter. Kingsview Wealth Management LLC grew its position in shares of CrowdStrike by 2.6% in the 1st quarter. Kingsview Wealth Management LLC now owns 6,731 shares of the company’s stock valued at $2,158,000 after buying an additional 169 shares during the last quarter. Nwam LLC raised its stake in CrowdStrike by 5.5% during the 1st quarter. Nwam LLC now owns 2,470 shares of the company’s stock worth $772,000 after acquiring an additional 128 shares in the last quarter. Banco Santander S.A. lifted its position in CrowdStrike by 61.5% in the first quarter. Banco Santander S.A. now owns 37,107 shares of the company’s stock valued at $11,896,000 after acquiring an additional 14,137 shares during the last quarter. Finally, First Foundation Advisors boosted its stake in CrowdStrike by 22.7% in the first quarter. First Foundation Advisors now owns 265 shares of the company’s stock valued at $85,000 after acquiring an additional 49 shares in the last quarter. 71.16% of the stock is owned by hedge funds and other institutional investors.

CrowdStrike Stock Down 1.0 %

Shares of NASDAQ CRWD opened at $344.36 on Friday. The stock has a market capitalization of $84.41 billion, a PE ratio of 499.07, a P/E/G ratio of 23.22 and a beta of 1.10. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.26. The firm has a fifty day moving average of $294.23 and a 200-day moving average of $309.66. CrowdStrike Holdings, Inc. has a 52-week low of $198.86 and a 52-week high of $398.33.

CrowdStrike (NASDAQ:CRWD) last posted its earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. The firm had revenue of $963.87 million during 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 company’s revenue was up 31.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.06 EPS. On average, analysts anticipate that CrowdStrike Holdings, Inc. will post 0.52 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CRWD. Stifel Nicolaus cut their target price on CrowdStrike from $400.00 to $300.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $330.00 price objective on shares of CrowdStrike in a research report on Monday, September 30th. Wells Fargo & Company dropped their target price on CrowdStrike from $435.00 to $350.00 and set an “overweight” rating on the stock in a report on Monday, July 22nd. The Goldman Sachs Group lowered their price objective on shares of CrowdStrike from $400.00 to $295.00 and set a “buy” rating on the stock in a research report on Thursday, August 15th. Finally, Rosenblatt Securities restated a “buy” rating and set a $325.00 price objective on shares of CrowdStrike in a research report on Thursday, September 19th. One analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-one have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $328.74.

Insiders Place Their Bets

In related news, Director Sameer K. Gandhi sold 5,036 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $320.48, for a total transaction of $1,613,937.28. Following the completion of the sale, the director now directly owns 816,730 shares of the company’s stock, valued at approximately $261,745,630.40. This trade represents a 0.61 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Anurag Saha sold 1,683 shares of CrowdStrike stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $297.28, for a total transaction of $500,322.24. Following the sale, the chief accounting officer now directly owns 38,962 shares in the company, valued at $11,582,623.36. This trade represents a 4.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 104,248 shares of company stock worth $31,103,350 over the last quarter. 4.34% of the stock is owned by corporate insiders.

About CrowdStrike

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.