Prudential PLC Trims Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Prudential PLC reduced its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWDGet Rating) by 16.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,890 shares of the company’s stock after selling 3,377 shares during the period. Prudential PLC’s holdings in CrowdStrike were worth $2,847,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Core Alternative Capital lifted its stake in shares of CrowdStrike by 2,233.3% during the first quarter. Core Alternative Capital now owns 140 shares of the company’s stock worth $32,000 after buying an additional 134 shares during the period. Proffitt & Goodson Inc. acquired a new stake in shares of CrowdStrike during the first quarter worth $34,000. Sound Income Strategies LLC lifted its stake in shares of CrowdStrike by 42.9% during the second quarter. Sound Income Strategies LLC now owns 200 shares of the company’s stock worth $34,000 after buying an additional 60 shares during the period. Glassman Wealth Services lifted its stake in shares of CrowdStrike by 112.6% during the second quarter. Glassman Wealth Services now owns 202 shares of the company’s stock worth $34,000 after buying an additional 107 shares during the period. Finally, BerganKDV Wealth Management LLC lifted its stake in shares of CrowdStrike by 99.0% during the second quarter. BerganKDV Wealth Management LLC now owns 203 shares of the company’s stock worth $34,000 after buying an additional 101 shares during the period. 67.43% of the stock is currently owned by institutional investors and hedge funds.

CrowdStrike Stock Up 3.7 %

Shares of NASDAQ CRWD opened at $140.89 on Thursday. CrowdStrike Holdings, Inc. has a 12-month low of $120.50 and a 12-month high of $242.00. The stock has a market cap of $32.88 billion, a PE ratio of -187.85 and a beta of 1.19. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.60. The company has a 50-day moving average of $155.81 and a 200 day moving average of $168.39.

CrowdStrike (NASDAQ:CRWDGet Rating) last announced its quarterly earnings data on Tuesday, August 30th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.17) by ($0.02). CrowdStrike had a negative net margin of 9.45% and a negative return on equity of 12.96%. The business had revenue of $535.15 million for the quarter, compared to analysts’ expectations of $516.44 million. During the same period in the prior year, the company posted ($0.21) EPS. The firm’s revenue was up 58.5% on a year-over-year basis. As a group, sell-side analysts predict that CrowdStrike Holdings, Inc. will post -0.76 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently commented on CRWD. Cowen reiterated a “buy” rating and set a $220.00 price objective on shares of CrowdStrike in a research note on Wednesday, September 21st. Needham & Company LLC boosted their target price on shares of CrowdStrike from $210.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday, August 31st. Cantor Fitzgerald began coverage on shares of CrowdStrike in a research report on Wednesday, September 7th. They set an “overweight” rating and a $240.00 target price for the company. Royal Bank of Canada boosted their target price on shares of CrowdStrike from $232.00 to $236.00 and gave the company an “outperform” rating in a research report on Wednesday, August 31st. Finally, Stifel Nicolaus boosted their target price on shares of CrowdStrike from $220.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday, August 31st. One analyst has rated the stock with a hold rating and thirty-five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $234.94.

Insider Activity at CrowdStrike

In related news, CAO Anurag Saha sold 3,032 shares of the company’s stock in a transaction dated Wednesday, September 21st. The shares were sold at an average price of $173.67, for a total transaction of $526,567.44. Following the completion of the sale, the chief accounting officer now owns 27,999 shares of the company’s stock, valued at approximately $4,862,586.33. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other CrowdStrike news, Director Godfrey Sullivan sold 10,000 shares of the business’s stock in a transaction dated Thursday, September 8th. The shares were sold at an average price of $175.01, for a total value of $1,750,100.00. Following the transaction, the director now directly owns 170,000 shares in the company, valued at approximately $29,751,700. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Anurag Saha sold 3,032 shares of the business’s stock in a transaction dated Wednesday, September 21st. The shares were sold at an average price of $173.67, for a total transaction of $526,567.44. Following the completion of the transaction, the chief accounting officer now owns 27,999 shares in the company, valued at $4,862,586.33. The disclosure for this sale can be found here. In the last quarter, insiders sold 106,011 shares of company stock valued at $18,360,689. Corporate insiders own 6.82% of the company’s stock.

CrowdStrike Profile

(Get Rating)

CrowdStrike Holdings, Inc provides cloud-delivered protection across endpoints and cloud workloads, identity, and data. It offers threat intelligence, managed security services, IT operations management, threat hunting, Zero Trust identity protection, and log management. The company primarily sells subscriptions to its Falcon platform and cloud modules through its direct sales team that leverages its network of channel partners.

See Also

Institutional Ownership by Quarter for CrowdStrike (NASDAQ:CRWD)

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