Candriam S.C.A. Trims Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Candriam S.C.A. reduced its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 1.2% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 212,878 shares of the company’s stock after selling 2,518 shares during the period. Candriam S.C.A. owned about 0.09% of CrowdStrike worth $81,569,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Trivant Custom Portfolio Group LLC acquired a new stake in shares of CrowdStrike during the first quarter worth $30,000. Family Firm Inc. purchased a new position in CrowdStrike during the second quarter worth about $30,000. Johnson Financial Group Inc. acquired a new stake in CrowdStrike in the 4th quarter worth about $31,000. Northwest Bank & Trust Co purchased a new stake in CrowdStrike in the 4th quarter valued at about $32,000. Finally, Future Financial Wealth Managment LLC acquired a new position in shares of CrowdStrike during the 1st quarter valued at about $32,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

CrowdStrike Trading Down 3.9 %

CrowdStrike stock opened at $246.39 on Friday. CrowdStrike Holdings, Inc. has a 1 year low of $157.59 and a 1 year high of $398.33. The firm’s 50-day moving average is $289.69 and its 200-day moving average is $315.83. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.80 and a current ratio of 1.90. The company has a market cap of $59.96 billion, a P/E ratio of 464.89, a PEG ratio of 13.44 and a beta of 1.09.

CrowdStrike (NASDAQ:CRWD) last issued its earnings results on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. The company had revenue of $963.87 million during the quarter, compared to the consensus estimate 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 posted $0.06 earnings per share. On average, equities analysts expect that CrowdStrike Holdings, Inc. will post 0.81 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CRWD. Argus decreased their target price on shares of CrowdStrike from $400.00 to $325.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. BTIG Research lowered shares of CrowdStrike from a “buy” rating to a “neutral” rating in a report on Monday, July 22nd. Jefferies Financial Group dropped their price objective on CrowdStrike from $400.00 to $300.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. Wedbush reiterated an “outperform” rating and issued a $315.00 target price on shares of CrowdStrike in a report on Friday, August 9th. Finally, Citigroup lowered their price target on CrowdStrike from $345.00 to $300.00 and set a “buy” rating for the company in a research report on Wednesday, August 14th. One 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 assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $327.16.

Insiders Place Their Bets

In other news, insider Shawn Henry sold 4,500 shares of the business’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $382.93, for a total transaction of $1,723,185.00. Following the completion of the transaction, the insider now owns 200,672 shares of the company’s stock, valued at $76,843,328.96. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CAO Anurag Saha sold 1,662 shares of the company’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $380.63, for a total value of $632,607.06. Following the completion of the sale, the chief accounting officer now owns 40,645 shares of the company’s stock, valued at $15,470,706.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Shawn Henry sold 4,500 shares of the stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $382.93, for a total transaction of $1,723,185.00. Following the completion of the transaction, the insider now owns 200,672 shares of the company’s stock, valued at approximately $76,843,328.96. The disclosure for this sale can be found here. Insiders have sold 130,219 shares of company stock valued at $48,856,294 over the last three months. Company insiders own 4.34% of the company’s stock.

CrowdStrike 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.