Sei Investments Co. Has $70.26 Million Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Sei Investments Co. cut its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 10.0% during the second quarter, HoldingsChannel reports. The fund owned 183,349 shares of the company’s stock after selling 20,317 shares during the quarter. Sei Investments Co.’s holdings in CrowdStrike were worth $70,259,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Family Firm Inc. acquired a new position in CrowdStrike in the 2nd quarter worth about $30,000. Unique Wealth Strategies LLC acquired a new stake in CrowdStrike in the second quarter valued at approximately $36,000. Trivant Custom Portfolio Group LLC acquired a new position in shares of CrowdStrike during the 1st quarter worth $30,000. Hobbs Group Advisors LLC bought a new position in shares of CrowdStrike during the 2nd quarter valued at $38,000. Finally, Future Financial Wealth Managment LLC acquired a new stake in shares of CrowdStrike in the 1st quarter valued at $32,000. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on the company. TD Cowen reduced their price target on CrowdStrike from $400.00 to $380.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. Citigroup reduced their target price on CrowdStrike from $345.00 to $300.00 and set a “buy” rating for the company in a report on Wednesday, August 14th. Rosenblatt Securities reissued a “buy” rating and issued a $325.00 price target on shares of CrowdStrike in a research report on Thursday. Sanford C. Bernstein decreased their price objective on shares of CrowdStrike from $334.00 to $327.00 and set an “outperform” rating for the company in a report on Thursday, September 5th. Finally, Wedbush reissued an “outperform” rating and set a $315.00 target price on shares of CrowdStrike in a research report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-three have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, CrowdStrike presently has an average rating of “Moderate Buy” and a consensus target price of $327.03.

CrowdStrike Stock Up 8.1 %

NASDAQ:CRWD opened at $299.85 on Friday. CrowdStrike Holdings, Inc. has a 1 year low of $157.59 and a 1 year high of $398.33. The stock has a 50-day moving average price of $265.90 and a two-hundred day moving average price of $312.40. The stock has a market cap of $72.97 billion, a price-to-earnings ratio of 565.75, a PEG ratio of 16.14 and a beta of 1.09. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.26.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings data 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 business had revenue of $963.87 million during the quarter, compared to analyst estimates of $958.27 million. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. CrowdStrike’s quarterly revenue was up 31.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.06 EPS. As a group, equities analysts expect that CrowdStrike Holdings, Inc. will post 0.56 earnings per share for the current year.

Insider Buying and Selling

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction dated 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 sale, the insider now owns 183,091 shares of the company’s stock, valued at approximately $67,985,350.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Sameer K. Gandhi sold 15,000 shares of the business’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $380.21, for a total value of $5,703,150.00. Following the sale, the director now owns 824,234 shares of the company’s stock, valued at $313,382,009.14. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $371.32, for a total transaction of $1,485,280.00. Following the completion of the transaction, the insider now directly owns 183,091 shares of the company’s stock, valued at approximately $67,985,350.12. The disclosure for this sale can be found here. Insiders have sold a total of 45,577 shares of company stock worth $16,330,609 over the last ninety days. Company insiders own 4.34% of the company’s stock.

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.