Bank of Montreal Can Reduces Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Bank of Montreal Can cut its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 37.7% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 454,214 shares of the company’s stock after selling 275,068 shares during the quarter. Bank of Montreal Can’s holdings in CrowdStrike were worth $175,713,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Trivant Custom Portfolio Group LLC acquired a new stake in CrowdStrike in the 1st quarter valued at $30,000. Family Firm Inc. purchased a new position in CrowdStrike in the 2nd quarter valued at about $30,000. Johnson Financial Group Inc. bought a new position in shares of CrowdStrike during the fourth quarter worth about $31,000. Northwest Bank & Trust Co bought a new position in shares of CrowdStrike during the fourth quarter worth about $32,000. Finally, Future Financial Wealth Managment LLC bought a new position in CrowdStrike in the first quarter worth about $32,000. 71.16% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Roxanne S. Austin sold 10,000 shares of the company’s stock in a transaction dated 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 directly owns 18,297 shares of the company’s stock, valued at approximately $7,136,012.97. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Roxanne S. Austin sold 10,000 shares of the stock in a transaction dated 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 directly owns 18,297 shares of the company’s stock, valued at $7,136,012.97. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Shawn Henry sold 4,000 shares of the firm’s 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 directly owns 183,091 shares in the company, valued at $67,985,350.12. The disclosure for this sale can be found here. In the last ninety days, insiders sold 37,500 shares of company stock worth $13,301,815. 4.34% of the stock is currently owned by company insiders.

CrowdStrike Stock Performance

NASDAQ:CRWD opened at $293.14 on Tuesday. The stock has a market capitalization of $71.34 billion, a P/E ratio of 553.09, a P/E/G ratio of 16.14 and a beta of 1.09. The stock has a 50-day moving average price of $264.22 and a 200 day moving average price of $312.02. 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 Holdings, Inc. has a 12-month low of $157.59 and a 12-month high of $398.33.

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. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The firm had revenue of $963.87 million for the quarter, compared to the consensus estimate of $958.27 million. During the same quarter in the previous year, the company posted $0.06 EPS. The company’s revenue for the quarter was up 31.7% compared to the same quarter last year. Equities research analysts forecast that CrowdStrike Holdings, Inc. will post 0.56 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have commented on CRWD. UBS Group dropped their price target on shares of CrowdStrike from $330.00 to $310.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $350.00 price objective on shares of CrowdStrike in a research note on Thursday, September 19th. Stifel Nicolaus decreased their target price on shares of CrowdStrike from $400.00 to $300.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of CrowdStrike from $350.00 to $275.00 and set a “hold” rating for the company in a research note on Monday, August 26th. Finally, BMO Capital Markets raised their price target on shares of CrowdStrike from $290.00 to $315.00 and gave the company an “outperform” rating in a report on Thursday, August 29th. One 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 given a strong buy rating to the company. According to MarketBeat.com, CrowdStrike currently has an average rating of “Moderate Buy” and a consensus target price of $325.32.

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.