Plato Investment Management Ltd Sells 2,509 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Plato Investment Management Ltd trimmed its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 55.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,030 shares of the company’s stock after selling 2,509 shares during the quarter. Plato Investment Management Ltd’s holdings in CrowdStrike were worth $569,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Mizuho Securities Co. Ltd. grew its holdings in shares of CrowdStrike by 1,218.5% in the third quarter. Mizuho Securities Co. Ltd. now owns 12,130 shares of the company’s stock worth $3,402,000 after purchasing an additional 11,210 shares during the last quarter. ICICI Prudential Asset Management Co Ltd boosted its position in CrowdStrike by 19.9% during the 3rd quarter. ICICI Prudential Asset Management Co Ltd now owns 3,038 shares of the company’s stock valued at $852,000 after buying an additional 505 shares during the period. Kovack Advisors Inc. grew its holdings in CrowdStrike by 3.4% in the 3rd quarter. Kovack Advisors Inc. now owns 3,188 shares of the company’s stock worth $894,000 after acquiring an additional 104 shares during the last quarter. Oppenheimer Asset Management Inc. increased its position in shares of CrowdStrike by 18.3% in the third quarter. Oppenheimer Asset Management Inc. now owns 32,255 shares of the company’s stock valued at $9,047,000 after acquiring an additional 4,989 shares during the period. Finally, Victory Capital Management Inc. raised its stake in shares of CrowdStrike by 21.6% during the third quarter. Victory Capital Management Inc. now owns 255,194 shares of the company’s stock valued at $71,574,000 after acquiring an additional 45,335 shares during the last quarter. 71.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CRWD has been the topic of several recent analyst reports. Hsbc Global Res raised CrowdStrike from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 30th. HSBC upgraded CrowdStrike from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $302.00 to $339.00 in a research report on Friday, August 30th. Susquehanna reaffirmed a “positive” rating and issued a $310.00 price target on shares of CrowdStrike in a research note on Thursday, September 19th. Rosenblatt Securities reiterated a “buy” rating and issued a $325.00 price target on shares of CrowdStrike in a report on Thursday, September 19th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of CrowdStrike from $400.00 to $330.00 and set an “overweight” rating for the company in a report on Monday, July 29th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-one have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $328.74.

CrowdStrike Stock Down 1.0 %

CRWD opened at $344.36 on Friday. The stock has a market capitalization of $84.41 billion, a price-to-earnings ratio of 499.07, a PEG ratio of 23.22 and a beta of 1.10. The firm has a 50 day moving average price of $294.23 and a 200-day moving average price of $309.66. CrowdStrike Holdings, Inc. has a twelve month low of $198.86 and a twelve month high of $398.33. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.26.

CrowdStrike (NASDAQ:CRWD) last announced its earnings results 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 business had revenue of $963.87 million during the quarter, compared to analyst estimates of $958.27 million. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The company’s quarterly revenue was up 31.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.06 EPS. Equities research analysts forecast that CrowdStrike Holdings, Inc. will post 0.52 earnings per share for the current year.

Insiders Place Their Bets

In related 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 directly owns 38,962 shares of the company’s stock, valued at approximately $11,582,623.36. This trade represents a 4.14 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Shawn Henry sold 4,500 shares of CrowdStrike stock in a transaction on Monday, September 16th. The shares were sold at an average price of $260.73, for a total value of $1,173,285.00. Following the transaction, the insider now owns 174,591 shares in the company, valued at $45,521,111.43. This trade represents a 2.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 104,248 shares of company stock valued at $31,103,350. 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.