Gulf International Bank UK Ltd Sells 784 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Gulf International Bank UK Ltd reduced its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 4.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,983 shares of the company’s stock after selling 784 shares during the quarter. Gulf International Bank UK Ltd’s holdings in CrowdStrike were worth $5,043,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Norden Group LLC purchased a new stake in shares of CrowdStrike during the first quarter valued at approximately $310,000. Quent Capital LLC boosted its position in CrowdStrike by 59.9% during the 1st quarter. Quent Capital LLC now owns 235 shares of the company’s stock valued at $75,000 after buying an additional 88 shares during the period. Rehmann Capital Advisory Group increased its position in shares of CrowdStrike by 6.8% in the first quarter. Rehmann Capital Advisory Group now owns 1,174 shares of the company’s stock valued at $376,000 after acquiring an additional 75 shares during the period. Signaturefd LLC increased its position in shares of CrowdStrike by 28.5% in the first quarter. Signaturefd LLC now owns 3,974 shares of the company’s stock valued at $1,274,000 after acquiring an additional 882 shares during the period. Finally, Disciplined Equity Management Inc. bought a new position in shares of CrowdStrike during the first quarter valued at about $785,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Insider Buying and Selling

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $309.38, for a total transaction of $1,237,520.00. Following the completion of the sale, the insider now directly owns 124,298 shares of the company’s stock, valued at $38,455,315.24. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $309.38, for a total transaction of $1,237,520.00. Following the completion of the transaction, the insider now owns 124,298 shares of the company’s stock, valued at $38,455,315.24. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $320.38, for a total value of $2,002,375.00. Following the completion of the sale, the director now directly owns 821,766 shares in the company, valued at $263,277,391.08. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 103,212 shares of company stock valued at $30,529,413. Corporate insiders own 4.34% of the company’s stock.

CrowdStrike Stock Performance

CRWD opened at $307.58 on Wednesday. The firm has a market cap of $75.40 billion, a P/E ratio of 445.77, a PEG ratio of 20.50 and a beta of 1.10. CrowdStrike Holdings, Inc. has a 1-year low of $183.60 and a 1-year high of $398.33. The company has a 50 day simple moving average of $286.26 and a two-hundred day simple moving average of $308.14. 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 (NASDAQ:CRWD) last issued its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The business had revenue of $963.87 million during the quarter, compared to analyst estimates of $958.27 million. During the same quarter in the prior year, the business posted $0.06 EPS. CrowdStrike’s revenue for the quarter was up 31.7% compared to the same quarter last year. Equities analysts forecast that CrowdStrike Holdings, Inc. will post 0.52 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CRWD. Canaccord Genuity Group restated a “buy” rating and set a $330.00 price target on shares of CrowdStrike in a report on Monday, September 30th. Needham & Company LLC assumed coverage on shares of CrowdStrike in a research report on Monday, September 23rd. They set a “buy” rating and a $360.00 price target on the stock. Wedbush set a $330.00 price objective on CrowdStrike in a research report on Thursday, October 17th. Scotiabank dropped their target price on shares of CrowdStrike from $300.00 to $265.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 14th. Finally, BNP Paribas started coverage on shares of CrowdStrike in a report on Tuesday, October 8th. They issued a “neutral” rating and a $285.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, thirty-one have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $328.74.

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.