Foundations Investment Advisors LLC Sells 1,919 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Foundations Investment Advisors LLC trimmed its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 26.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,441 shares of the company’s stock after selling 1,919 shares during the quarter. Foundations Investment Advisors LLC’s holdings in CrowdStrike were worth $1,526,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of CRWD. Riverview Trust Co purchased a new stake in shares of CrowdStrike during the first quarter valued at about $36,000. Sunbelt Securities Inc. lifted its position in shares of CrowdStrike by 65.9% during the first quarter. Sunbelt Securities Inc. now owns 1,274 shares of the company’s stock valued at $408,000 after buying an additional 506 shares during the last quarter. Future Financial Wealth Managment LLC purchased a new stake in shares of CrowdStrike during the first quarter valued at about $32,000. Key Client Fiduciary Advisors LLC purchased a new stake in shares of CrowdStrike during the first quarter valued at about $211,000. Finally, ERn Financial LLC purchased a new stake in shares of CrowdStrike during the first quarter valued at about $208,000. 71.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on CRWD. JMP Securities reaffirmed a “market outperform” rating and issued a $400.00 price objective on shares of CrowdStrike in a research report on Tuesday, September 24th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of CrowdStrike from $350.00 to $275.00 and set a “hold” rating for the company in a research report on Monday, August 26th. Guggenheim lowered shares of CrowdStrike from a “buy” rating to a “neutral” rating in a research report on Monday, July 22nd. Argus decreased their price objective on shares of CrowdStrike from $400.00 to $325.00 and set a “buy” rating for the company in a research report on Friday, August 30th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $350.00 price objective on shares of CrowdStrike in a research report on Thursday, September 19th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-one have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $328.74.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 1,683 shares of the firm’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $297.28, for a total value of $500,322.24. Following the transaction, the chief accounting officer now owns 38,962 shares in the company, valued at approximately $11,582,623.36. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CAO Anurag Saha sold 1,683 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 $500,322.24. Following the transaction, the chief accounting officer now owns 38,962 shares in the company, valued at $11,582,623.36. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 value of $3,203,489.28. Following the transaction, the president now owns 400,390 shares in the company, valued at approximately $119,027,939.20. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 103,212 shares of company stock worth $30,529,413. Corporate insiders own 4.34% of the company’s stock.

CrowdStrike Price Performance

CrowdStrike stock opened at $299.30 on Thursday. The company’s fifty day moving average price is $279.73 and its 200 day moving average price is $308.09. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.90 and a current ratio of 1.90. The stock has a market capitalization of $72.84 billion, a P/E ratio of 564.72, a P/E/G ratio of 19.94 and a beta of 1.10. CrowdStrike Holdings, Inc. has a 1 year low of $170.17 and a 1 year high of $398.33.

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

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.