CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Sold by Lake Street Advisors Group LLC

Lake Street Advisors Group LLC decreased its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 60.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,453 shares of the company’s stock after selling 2,184 shares during the period. Lake Street Advisors Group LLC’s holdings in CrowdStrike were worth $408,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of CRWD. Arlington Financial Advisors LLC grew its stake in shares of CrowdStrike by 1.5% in the second quarter. Arlington Financial Advisors LLC now owns 2,030 shares of the company’s stock worth $778,000 after acquiring an additional 30 shares in the last quarter. Saturna Capital Corp grew its stake in CrowdStrike by 2.7% during the 1st quarter. Saturna Capital Corp now owns 1,273 shares of the company’s stock worth $408,000 after purchasing an additional 33 shares in the last quarter. Sunpointe LLC increased its holdings in CrowdStrike by 3.1% during the 3rd quarter. Sunpointe LLC now owns 1,131 shares of the company’s stock worth $317,000 after purchasing an additional 34 shares during the period. Means Investment CO. Inc. raised its position in CrowdStrike by 1.8% in the 2nd quarter. Means Investment CO. Inc. now owns 1,933 shares of the company’s stock valued at $741,000 after purchasing an additional 35 shares in the last quarter. Finally, Albion Financial Group UT boosted its stake in shares of CrowdStrike by 3.7% in the 1st quarter. Albion Financial Group UT now owns 1,096 shares of the company’s stock valued at $351,000 after buying an additional 39 shares during the period. Institutional investors and hedge funds own 71.16% of the company’s stock.

Wall Street Analysts Forecast Growth

CRWD has been the topic of a number of recent research reports. Cantor Fitzgerald restated an “overweight” rating and set a $350.00 target price on shares of CrowdStrike in a research note on Thursday, September 19th. Canaccord Genuity Group restated a “buy” rating and issued a $330.00 price objective on shares of CrowdStrike in a report on Monday, September 30th. Wells Fargo & Company lowered their target price on shares of CrowdStrike from $435.00 to $350.00 and set an “overweight” rating for the company in a research note on Monday, July 22nd. Piper Sandler reissued an “overweight” rating and issued a $290.00 target price on shares of CrowdStrike in a report on Thursday, September 19th. Finally, Stifel Nicolaus decreased their price target on CrowdStrike from $400.00 to $300.00 and set a “buy” rating for the company in a report on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-one have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, CrowdStrike currently has a consensus rating of “Moderate Buy” and an average target price of $328.74.

CrowdStrike Trading Down 1.3 %

Shares of CRWD stock opened at $300.62 on Friday. The business’s fifty day moving average price is $281.37 and its 200 day moving average price is $307.96. The firm has a market capitalization of $73.16 billion, a PE ratio of 567.21, a P/E/G ratio of 19.94 and a beta of 1.10. 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 1-year low of $170.17 and a 1-year 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 for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The business had revenue of $963.87 million for the quarter, compared to analysts’ expectations of $958.27 million. During the same period in the prior year, the company posted $0.06 EPS. The business’s revenue for the quarter was up 31.7% on a year-over-year basis. As a group, sell-side analysts forecast that CrowdStrike Holdings, Inc. will post 0.53 EPS for the current fiscal year.

Insider Buying and Selling at CrowdStrike

In related news, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $260.00, for a total value of $1,040,000.00. Following the sale, the insider now owns 179,091 shares in the company, valued at $46,563,660. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction on 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 transaction, the insider now owns 179,091 shares of the company’s stock, valued at $46,563,660. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $320.38, for a total transaction of $2,002,375.00. Following the completion of the sale, the director now directly owns 821,766 shares in the company, valued at approximately $263,277,391.08. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 103,212 shares of company stock valued at $30,529,413. Corporate insiders own 4.34% of the company’s stock.

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.