Thrivent Financial for Lutherans Sells 14,260 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Thrivent Financial for Lutherans lessened its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 26.1% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 40,474 shares of the company’s stock after selling 14,260 shares during the quarter. Thrivent Financial for Lutherans’ holdings in CrowdStrike were worth $15,509,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the business. Pacer Advisors Inc. grew its position in CrowdStrike by 32.0% in the 2nd quarter. Pacer Advisors Inc. now owns 37,916 shares of the company’s stock valued at $14,529,000 after acquiring an additional 9,198 shares during the last quarter. Skandinaviska Enskilda Banken AB publ grew its position in CrowdStrike by 20.9% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 96,414 shares of the company’s stock valued at $36,941,000 after acquiring an additional 16,700 shares during the last quarter. AE Wealth Management LLC grew its position in CrowdStrike by 88.5% in the 2nd quarter. AE Wealth Management LLC now owns 6,951 shares of the company’s stock valued at $2,664,000 after acquiring an additional 3,263 shares during the last quarter. ASB Consultores LLC bought a new position in CrowdStrike in the 2nd quarter valued at $202,000. Finally, Elite Wealth Management Inc. lifted its holdings in shares of CrowdStrike by 86.5% in the 2nd quarter. Elite Wealth Management Inc. now owns 1,283 shares of the company’s stock worth $492,000 after buying an additional 595 shares during the period. Institutional investors own 71.16% of the company’s stock.

Insider Activity

In other news, Director Roxanne S. Austin sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $390.01, for a total value of $3,900,100.00. Following the transaction, the director now owns 18,297 shares in the company, valued at $7,136,012.97. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director Roxanne S. Austin sold 10,000 shares of CrowdStrike stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $390.01, for a total transaction of $3,900,100.00. Following the transaction, the director now owns 18,297 shares in the company, valued at $7,136,012.97. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $371.32, for a total value of $1,485,280.00. Following the transaction, the insider now owns 183,091 shares in the company, valued at approximately $67,985,350.12. The disclosure for this sale can be found here. Insiders have sold a total of 37,500 shares of company stock worth $13,301,815 over the last quarter. 4.34% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CRWD. Redburn Atlantic cut CrowdStrike from a “neutral” rating to a “sell” rating and lowered their target price for the stock from $380.00 to $275.00 in a report on Thursday, July 18th. HSBC upgraded CrowdStrike from a “hold” rating to a “buy” rating and upped their target price for the stock from $302.00 to $339.00 in a report on Friday, August 30th. Robert W. Baird lowered their target price on CrowdStrike from $335.00 to $315.00 and set an “outperform” rating for the company in a report on Thursday, August 29th. Argus lowered their target price on CrowdStrike from $400.00 to $325.00 and set a “buy” rating for the company in a report on Friday, August 30th. Finally, Oppenheimer lowered their target price on CrowdStrike from $450.00 to $365.00 and set an “outperform” rating for the company in a report on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-three have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, CrowdStrike presently has a consensus rating of “Moderate Buy” and a consensus target price of $326.50.

CrowdStrike Stock Performance

NASDAQ CRWD opened at $288.54 on Wednesday. The company has a market cap of $70.22 billion, a PE ratio of 544.42, a price-to-earnings-growth ratio of 16.14 and a beta of 1.09. The stock’s 50 day simple moving average is $262.61 and its 200-day simple moving average is $311.78. CrowdStrike Holdings, Inc. has a 1-year low of $157.59 and a 1-year high of $398.33. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.90 and a quick ratio of 1.90.

CrowdStrike (NASDAQ:CRWD) last released its earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.07. The business had revenue of $963.87 million for the quarter, compared to the consensus estimate of $958.27 million. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The business’s quarterly revenue was up 31.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.06 earnings per share. As a group, equities research analysts anticipate that CrowdStrike Holdings, Inc. will post 0.56 EPS for the current fiscal year.

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.