CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Sold by Oliver Lagore Vanvalin Investment Group

Oliver Lagore Vanvalin Investment Group decreased its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 15.3% in the 2nd quarter, Holdings Channel.com reports. The firm owned 4,044 shares of the company’s stock after selling 729 shares during the quarter. Oliver Lagore Vanvalin Investment Group’s holdings in CrowdStrike were worth $1,550,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CRWD. Steward Partners Investment Advisory LLC grew its position in shares of CrowdStrike by 12.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 10,525 shares of the company’s stock valued at $2,687,000 after buying an additional 1,154 shares during the last quarter. Focus Financial Network Inc. ADV acquired a new stake in shares of CrowdStrike during the fourth quarter worth about $815,000. Evoke Wealth LLC boosted its position in shares of CrowdStrike by 4.3% in the 4th quarter. Evoke Wealth LLC now owns 1,283 shares of the company’s stock valued at $328,000 after purchasing an additional 53 shares during the period. Dorsey & Whitney Trust CO LLC acquired a new stake in shares of CrowdStrike in the fourth quarter valued at approximately $286,000. Finally, Brown Brothers Harriman & Co. grew its position in shares of CrowdStrike by 347.1% during the fourth quarter. Brown Brothers Harriman & Co. now owns 626 shares of the company’s stock worth $160,000 after acquiring an additional 486 shares during the last quarter. 71.16% of the stock is owned by institutional investors and hedge funds.

CrowdStrike Stock Performance

CrowdStrike stock opened at $285.86 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.90 and a current ratio of 1.90. CrowdStrike Holdings, Inc. has a one year low of $160.86 and a one year high of $398.33. The stock’s 50 day moving average price is $259.63 and its 200 day moving average price is $311.17. The firm has a market capitalization of $69.57 billion, a PE ratio of 539.36, a price-to-earnings-growth ratio of 19.60 and a beta of 1.09.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.07. The firm had revenue of $963.87 million for 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 firm’s quarterly revenue was up 31.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.06 EPS. As a group, sell-side analysts expect that CrowdStrike Holdings, Inc. will post 0.53 EPS for the current fiscal year.

Insider Activity at CrowdStrike

In related news, President Michael Sentonas sold 10,776 shares of the stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $297.28, for a total value of $3,203,489.28. Following the completion of the transaction, the president now directly owns 400,390 shares of the company’s stock, valued at approximately $119,027,939.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, President Michael Sentonas sold 10,776 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 $3,203,489.28. Following the transaction, the president now directly owns 400,390 shares in the company, valued at approximately $119,027,939.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO George Kurtz sold 55,325 shares of the company’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $296.62, for a total value of $16,410,501.50. Following the completion of the sale, the chief executive officer now owns 1,109,746 shares of the company’s stock, valued at approximately $329,172,858.52. The disclosure for this sale can be found here. Insiders sold 111,962 shares of company stock worth $34,477,948 in the last 90 days. 4.34% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Raymond James decreased their target price on shares of CrowdStrike from $380.00 to $275.00 and set an “outperform” rating for the company in a research note on Thursday, August 29th. JPMorgan Chase & Co. lowered their price target on shares of CrowdStrike from $400.00 to $330.00 and set an “overweight” rating on the stock in a research note on Monday, July 29th. Piper Sandler reissued an “overweight” rating and set a $290.00 price objective on shares of CrowdStrike in a report on Thursday, September 19th. JMP Securities reaffirmed a “market outperform” rating and issued a $400.00 target price on shares of CrowdStrike in a report on Tuesday. Finally, Barclays upped their price target on CrowdStrike from $285.00 to $295.00 and gave the stock an “overweight” rating in a report on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, thirty-three have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, CrowdStrike presently has an average rating of “Moderate Buy” and an average target price of $326.50.

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.