Raleigh Capital Management Inc. Lowers Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Raleigh Capital Management Inc. reduced its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 5.9% during the 3rd quarter, HoldingsChannel reports. The firm owned 1,441 shares of the company’s stock after selling 91 shares during the period. Raleigh Capital Management Inc.’s holdings in CrowdStrike were worth $404,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Abich Financial Wealth Management LLC purchased a new stake in shares of CrowdStrike in the second quarter valued at about $25,000. Family Firm Inc. purchased a new stake in shares of CrowdStrike in the second quarter valued at about $30,000. Itau Unibanco Holding S.A. purchased a new stake in shares of CrowdStrike in the second quarter valued at about $33,000. Unique Wealth Strategies LLC purchased a new stake in shares of CrowdStrike in the second quarter valued at about $36,000. Finally, Trivant Custom Portfolio Group LLC purchased a new stake in shares of CrowdStrike in the first quarter valued at about $30,000. 71.16% of the stock is owned by hedge funds and other institutional investors.

CrowdStrike Trading Down 0.3 %

CRWD opened at $308.51 on Wednesday. The stock has a market capitalization of $75.08 billion, a PE ratio of 582.09, a P/E/G ratio of 19.94 and a beta of 1.10. The firm’s fifty day moving average price is $278.86 and its 200 day moving average price is $308.15. 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 Holdings, Inc. has a 12-month low of $170.17 and a 12-month high of $398.33.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.07. The firm had revenue of $963.87 million for the quarter, compared to analysts’ expectations 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 period in the prior year, the company posted $0.06 earnings per share. As a group, research analysts expect that CrowdStrike Holdings, Inc. will post 0.53 EPS for the current fiscal year.

Insiders Place Their Bets

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $260.00, for a total transaction of $1,040,000.00. Following the sale, the insider now directly owns 179,091 shares of the company’s stock, valued at approximately $46,563,660. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO George Kurtz sold 55,325 shares of the stock in a transaction dated 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 sale, the chief executive officer now owns 1,109,746 shares of the company’s stock, valued at $329,172,858.52. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Shawn Henry sold 4,000 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $260.00, for a total transaction of $1,040,000.00. Following the completion of the sale, the insider now directly owns 179,091 shares in the company, valued at approximately $46,563,660. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 103,212 shares of company stock valued at $30,529,413. Company insiders own 4.34% of the company’s stock.

Analysts Set New Price Targets

CRWD has been the topic of several analyst reports. Stifel Nicolaus lowered their target price on shares of CrowdStrike from $400.00 to $300.00 and set a “buy” rating on the stock in a report on Friday, August 9th. JPMorgan Chase & Co. decreased their price objective on shares of CrowdStrike from $400.00 to $330.00 and set an “overweight” rating on the stock in a report on Monday, July 29th. Oppenheimer decreased their price objective on shares of CrowdStrike from $450.00 to $365.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. Truist Financial reissued a “buy” rating and set a $325.00 price objective on shares of CrowdStrike in a report on Wednesday, August 28th. Finally, Barclays boosted their price objective on shares of CrowdStrike from $285.00 to $295.00 and gave the stock an “overweight” rating in a report on Thursday, August 29th. One analyst has rated the stock with a sell rating, six have given a hold rating, thirty-one have issued a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $328.74.

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.